MTN: 8,601 +106 (+1.25%)
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.
- No major economic events.
- 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
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.
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.
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 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.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Minister in the Presidency warns of land reform time bomb.
- State pension fund PIC to invest $100 million in Cairo
- Steinhoff admits accounting scandal damaged
- Nigeria climb down on hefty MTN fine.
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