SHOPRIT: 17,093 +258 (+1.53%)
South African Markets - Factors to watch on Jan 22
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Tuesday.
LSW GmbH alleges that Steinhoff owes about EUR
291.4 Mln to LSW.
Shoprite HY total turnover rises marginally.
SOUTH AFRICAN MARKETS
South Africa's rand eased on Monday as the dollar neared a
two-week high, while Naspers boosted stocks on expectations of
positive news about the spin-off of its pay-TV business, which
duly emerged after the market close.
Asian shares stumbled and oil prices fell on Tuesday as
pessimism about world growth drove investors away from risky
assets, while sterling ticked lower in the face of the latest
twists and turns in the Brexit saga.
U.S. stocks rallied on Friday, helping Wall Street's major
indexes advance for the fourth consecutive week, as increased
hopes the United States and China would resolve their trade
dispute lifted shares across sectors.
Gold prices edged lower on Tuesday, hovering near a
three-week low touched in the previous session, as a firmer
dollar made bullion more expensive for buyers using other
currencies, even as concerns about a global slowdown mounted.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Top ANC politicians 'on Bosasa payroll'
- Analysts divided over Telkom
- IMF raises its economic growth forecast for SA
- Aveng's McConnel Dowell secures R4bn in key contract
(Compiled by Nqobile Dludla)
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