CURRO:  1,820   -18 (-0.98%)  13/10/2019 00:00

South African Markets - Factors to watch on August 14

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

ECONOMIC EVENTS

- Statistics South Africa publishes June retail sales. 1100 GMT

COMPANIES - Full Year 2019 Tongaat Hulett Earnings Release. - Half Year 2019 Curro Holdings Earnings Release.

-

SOUTH AFRICAN MARKETS

South Africa's rand firmed on Tuesday, helped by improved risk appetite on signs of easing trade friction after the United States said it would delay tariffs on some Chinese products and both sides agreed to continue talks. Stocks closed slightly weaker, weighed down by the gold sector.

GLOBAL MARKETS

Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil.

WALL STREET

U.S. stocks closed higher on Tuesday after an announced delay of planned tariffs on some Chinese imports brought buyers back to the equities market in a broad-based rally.

GOLD

Gold prices dipped on Wednesday after the United States delayed tariffs on some Chinese imports, easing trade concerns, although political uncertainties and lingering global growth concerns limited losses for the safe-haven metal.

EMERGING MARKETS

For the top emerging markets news, double click on

- - - -

Some of the main stories out in the South African press:

BUSINESS DAY

- Court stops 350 million rand ($23 million) Eskom contract.

BUSINESS REPORT

- Industrial Development Corporation close to broke. ($1 = 15.1220 rand)

2019-08-14 07:58:01

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.