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.

COMPANIES

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.

GLOBAL MARKETS

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.

WALL STREET

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

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.

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

- Mkhwebane challenges 'unfair' high court ruling

- Investment bankers believe in Africa

BUSINESS REPORT

- SA slipping down economic freedom table

- Old Mutual to see through bruising court battle against Moyo, says Manuel (Compiled by Nqobile Dludla)

2019-09-16 07:48:22

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