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South African Markets - Factors to watch on August 22
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Wednesday.
- No major economic releases.
- Blue Label Telecoms reported a 4 percent increase in
- Bid Corp posted a 9.1 percent rise in annual
SOUTH AFRICAN MARKETS
South Africa's rand firmed on Tuesday as the dollar weakened
after U.S. President Donald Trump criticised the head of the
Federal Reserve for raising interest rates.
Asian stocks eked out gains on Wednesday, with sentiment
boosted by Wall Street's rise and a record intraday high for the
S&P 500 index on Tuesday, but fragile Chinese markets retreated
after two days in the black.
The benchmark S&P 500 touched a record high on Tuesday and
equaled its longest-ever bull-market run, buoyed by strong
earnings reports in the consumer sector and relative calm in the
trade dispute between the United States and China.
Gold prices hit a one-week high on Wednesday and inched
closer to the key $1,200 level as the dollar remained weak on
U.S. President Donald Trump's criticism of the Federal Reserve
and ahead of minutes from the central bank's August
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Revenue shortfall at SARS 'self-inflicted'
- Steinhoff suspends two former executives
- Shoprite hit by a storm
(Compiled by Tiisetso Motsoeneng)
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