ANGGOLD:  12,483   -10 (-0.08%)  21/09/2018 00:00

South African Markets - Factors to watch on August 21

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

ECONOMIC EVENTS

- Composite business cycle indicators

- Weekly bond auction

COMPANIES

- Harmony reported 43 percent drop in annual profit.

- Imperial Holdings reported a 27 percent rise in annual profit.

- BHP posted a 33 percent jump in annual underlying profit and a record final dividend on Tuesday, but flagged a delay in future savings as well as cost pressures at some of its operations.

- Shoprite due to report FY results

SOUTH AFRICAN MARKETS

South Africa's rand firmed in afternoon trade on Monday, with the market focused on proposed trade talks between the United States and China this week that investors hope will ease tensions between the world's two biggest economies.

GLOBAL MARKETS

Asian stocks rose on Tuesday, supported by hopes Beijing and Washington would dial back trade hostilities, though comments from the U.S. president about the yuan and Federal Reserve policy capped gains and weighed on the dollar.

WALL STREET

Wall Street's major indexes rose on Monday on optimism over trade talks between the United States and China, though they fell from session highs after President Donald Trump criticized the Federal Reserve's raising interest rates.

GOLD

Gold prices climbed on the back of a weaker dollar on Tuesday, extending gains into a third session, after U.S. President Donald Trump said he was "not thrilled" with the Federal Reserve for raising interest rates.

EMERGING MARKETS

For the top emerging markets news, double click on

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

BUSINESS DAY

- Expropriation could bankrupt Land Bank

- Sasol tackles power outages to secure steady production

BUSINESS REPORT

- Group Five seeks to change stadia collusion ruling (Compiled by Tiisetso Motsoeneng)

2018-08-21 07:47:05

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