South African Markets - Factors to watch on Sept 16
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Monday.
African Oxygen posts HY headline earnings per share of 111.3
cents, increase of 7%.
SOUTH AFRICAN MARKETS
South Africa's rand firmed against the dollar on Friday, as
signs of a thaw in U.S.-China trade tensions and monetary easing
in the euro zone and Turkey buoyed developing world currencies.
Oil surged to four-month highs on Monday after weekend
attacks on crude facilities in Saudi Arabia sparked supply
fears, while shares in Asia extended losses as bleak economic
data from China sapped investors' risk appetite.
U.S. stock futures fell 0.3% percent when trading resumed on
Sunday, a day after attacks on Saudi oil facilities that risk
disrupting global energy supplies.
Gold prices jumped 1% on Monday as an attack on Saudi
Arabia's oil facilities dented risk appetite, boosting demand
for the safe-haven bullion, while investors awaited for clues on
monetary easing from major central bank meetings due this week.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Mkhwebane challenges 'unfair' high court ruling
- Investment bankers believe in Africa
- SA slipping down economic freedom table
- Old Mutual to see through bruising court battle against
Moyo, says Manuel
(Compiled by Nqobile Dludla)
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