SECTIONS

South African Markets - Factors to watch on June 15

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

SOUTH AFRICAN MARKETS

Rand was weaker on Thursday after disappointing mining data and as struggling state power firm Eskom started controlled electricity outages because of a wage dispute with labour unions.

GLOBAL MARKETS

Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.

WALL STREET

The S&P 500 edged up and the Nasdaq reached another record closing high on Thursday after the European Central Bank said it would avoid raising interest rates until mid-2019, and data showed U.S. economic strength.

GOLD

Gold prices on Friday steadied below a one-month high hit in the previous session and were on track for a second straight weekly gain amid concerns over U.S.-China trade dispute.

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

- Steinhoff investors will not recoup their losses

- Turnaround by rand short-lived

BUSINESS REPORT

- New PIC board to include unions

- Gordhan calls on Eskom board to rethink (Compiled by Joe Brock)

2018-06-15 07:28:00

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