MRHLD:  1,700   0 (0.00%)  17/11/2018 00:00

South African Markets - Factors to watch on Aug 30

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.

COMPANY NEWS

MTN responds to Nigeria fine

Mr Price results

Advanced Health results

Murray & Roberts awarded new mining contracts

SOUTH AFRICAN MARKETS

South Africa's rand retreated more than one percent on Wednesday as global risk demand fell off with concerns about the trade row between the U.S. and China lingering, while stocks gained slightly on the day.

GLOBAL MARKETS

Asian stocks surrendered earlier gains and dipped on Thursday, with Chinese markets fixed firmly on risks from the Sino-U.S. trade war and taking little comfort from an apparent easing in business tensions in North America and Europe.

WALL STREET

Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment.

GOLD

Gold prices inched lower on Thursday amid expectations of higher U.S. interest rates, but managed to hold above a key psychological level of $1,200 which acted as a strong support.

EMERGING MARKETS

For the top emerging markets news, double click on

- - - -

Some of the main stories out in the South African press:

BUSINESS DAY

- Mismanagement at SARS led to VAT hike

- Distressed SOEs plead for fresh bailouts

BUSINESS REPORT

- Surprise boost for Steinhoff shares (Compiled by Joe Brock)

2018-08-30 07:21:39

© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.