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South African Markets - Factors to watch on July 18
JOHANNESBURG, July 18 (Reuters) - The following company
announcements, scheduled economic indicators, debt and currency
market moves and political events may affect South African
markets on Thursday.
- South Africa-Central Bank Rates-Repo Rate. 1300 GMT
- Q1 2020 Vodacom Group Trading Statement Release.
SOUTH AFRICAN MARKETS
South Africa's rand edged lower on Wednesday in cautious
trade ahead of an interest rate decision that is set to test the
currency's recent rally and its ability to draw yield-seeking
On the bourse, stocks fell alongside emerging market assets
amid resurfacing worries over the U.S-China trade
The dollar slipped on Thursday as risk aversion in the
broader markets pushed benchmark U.S. yields to a nine-day low.
The dollar index .DXY versus a basket of six major currencies
was down 0.2% at 97.081.
U.S. stock indexes fell on Wednesday as weak results from
CSX Corp stoked concerns that the protracted trade war between
the United States and China could hurt corporate earnings.
Gold prices pulled back from a two-week high to trade lower
on Thursday, as some investors took advantage of the last
session's gain to book profits.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Public protector fights President Ramaphosa's court bid to
stop action against public enterprises minister Gordhan
- Army action in Cape flats must have element of surprise
- Implans plans $250 million debt to equity swap
- Opposition leader Malema threatens to disrupt President
Ramaphosa in parliament over public protector report
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