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South African Markets - Factors to watch on Feb. 22

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

COMPANIES

Northam Platinum and Spur Corporation to report half-year results. Liberty Two Degrees to report full-year results.

SOUTH AFRICAN MARKETS

South Africa's rand traded slightly weaker on Thursday, a day after the finance minister announced a partial bailout for ailing power utility Eskom in an annual budget reflecting sluggish growth while deficits and debt widened.

GLOBAL MARKETS

Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.

WALL STREET

Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum.

GOLD

Gold prices edged higher on Friday as optimism over U.S.-China trade talks pressured the dollar, but signs of the U.S. Federal Reserve raising interest rates again this year capped gains.

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

- Trade unions threaten mass action against austerity budget

- Eskom to shed top jobs, says Gordhan

BUSINESS REPORT

- Sibanye questions grading methodology

- Tax increase decried

2019-02-22 07:36:25

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