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South African Markets - Factors to watch on August 23
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Thursday.
- No major economic releases.
- South32 due to issue an earnings report
- Massmart due to release H1 results
- Woolworths due to release FY results
- Sibanye-Stillwater due to report H1 results
- Telkom annual shareholder meeting
SOUTH AFRICAN MARKETS
South Africa's rand firmed on Wednesday driven higher by a
weakening dollar, while stocks firmed across the board tracking
the stronger currency and other emerging markets.
Asian shares slipped on Thursday as a deadline loomed for
fresh U.S. tariffs on China and amid speculation U.S. President
Donald Trump's political position could be threatened by the
legal woes of two former advisers.
U.S. stocks were mixed on Wednesday, with the Nasdaq
gaining on the strength of tech stocks while the S&P 500 was
little changed as it marked its longest bull-market run.
Gold prices fell on Thursday, after hitting their highest in
over a week in the previous session, as fears of another round
of U.S. tariffs on China and expectations of higher interest
rates lifted the dollar.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Officials: consultancy wreaked havoc at SARS
- U.S. stock market outclasses JSE
- Mantashe quashes vexing mining bill
(Compiled by Tiisetso Motsoeneng)
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