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South African Markets - Factors to watch on Aug 30
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Thursday.
MTN responds to Nigeria fine
Mr Price results
Advanced Health results
Murray & Roberts awarded new mining contracts
SOUTH AFRICAN MARKETS
South Africa's rand retreated more than one percent on
Wednesday as global risk demand fell off with concerns about the
trade row between the U.S. and China lingering, while stocks
gained slightly on the day.
Asian stocks surrendered earlier gains and dipped on
Thursday, with Chinese markets fixed firmly on risks from the
Sino-U.S. trade war and taking little comfort from an apparent
easing in business tensions in North America and Europe.
Wall Street extended its rally on Wednesday, with the S&P
500 and the Nasdaq hitting record highs for the fourth straight
session as technology companies pushed indexes higher and
promising trade negotiations stoked investor sentiment.
Gold prices inched lower on Thursday amid expectations of
higher U.S. interest rates, but managed to hold above a key
psychological level of $1,200 which acted as a strong support.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Mismanagement at SARS led to VAT hike
- Distressed SOEs plead for fresh bailouts
- Surprise boost for Steinhoff shares
(Compiled by Joe Brock)
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