South African Markets - Factors to watch on July 22
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Monday.
Anglo American Platinum will publish its half-year
results at 0600 GMT.
SOUTH AFRICAN MARKETS
South Africa's rand weakened on Friday, giving back some of
the big gains from the previous session as expectations of an
aggressive interest rate cut by the Federal Reserve cooled,
prompting investors to pocket end-of-week profits.
Asia stocks fell on Monday as investors scaled back
expectations of an aggressive interest rate cut by the Federal
Reserve, while heightened Middle East tensions following Iran's
seizure of a British tanker lifted crude oil prices.
Wall Street's main indexes fell on Friday following a report
that the Federal Reserve plans to cut interest rates by only a
quarter-percentage point at the end of the month.
Gold prices gained on Monday following a steep fall in the
previous session as tensions in the Middle East and weaker
financial markets supported the metal, while a stronger dollar
kept a lid on gains.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Investors lost billions on 2017 credit rating cuts
- Naspers' Van Dijk takes home almost R2bln
- Moyo still eyes return despite breakdown in relationship
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