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
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.
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 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.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Steinhoff investors will not recoup their losses
- Turnaround by rand short-lived
- New PIC board to include unions
- Gordhan calls on Eskom board to rethink
(Compiled by Joe Brock)
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