MTN:  8,601   +106 (+1.25%)  16/12/2018 00:00

South African Markets - Factors to watch on Sept. 21

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

ECONOMIC EVENTS

- No major economic events.

COMPANIES

- Sasol Inzalo Public full-year earnings release.

SOUTH AFRICAN MARKETS

South Africa's rand firmed to a three-week high against the dollar on Thursday after the central bank left its benchmark repo rate unchanged and the U.S. currency slipped to its lowest since July.

Equities rose for a third session in line with global markets that continued to shrug off lingering concerns over the U.S.-China trade war.

GLOBAL MARKETS

Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped on views that Beijing's and Washington's fresh exchange of tariffs may be less damaging than initially feared.

WALL STREET

Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street's main indexes to fully regain ground since a correction that began in January.

GOLD

Gold prices edged up on Friday to a one-week high as the dollar weakened on receding fears of a full-blown Sino-U.S. trade war, keeping the yellow metal on track for its first weekly gain in four.

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

- Minister in the Presidency warns of land reform time bomb.

- State pension fund PIC to invest $100 million in Cairo bank.

BUSINESS REPORT

- Steinhoff admits accounting scandal damaged reputation.

- Nigeria climb down on hefty MTN fine.

2018-09-21 07:32:01

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