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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.

ECONOMIC EVENTS

- South Africa-Central Bank Rates-Repo Rate. 1300 GMT

COMPANIES

- 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 investors.

On the bourse, stocks fell alongside emerging market assets amid resurfacing worries over the U.S-China trade conflict.

GLOBAL MARKETS

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.

WALL STREET

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

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.

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

- 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

BUSINESS REPORT

- Implans plans $250 million debt to equity swap

- Opposition leader Malema threatens to disrupt President Ramaphosa in parliament over public protector report

2019-07-18 07:52:32

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