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South African Markets - Factors to watch on June 7
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
- South Africa's central bank publishes May foreign reserves
data. 0600 GMT
- Half Year 2019 Group Five Earnings Release
- Bidvest Group Investor Update.
SOUTH AFRICAN MARKETS
South Africa's rand weakened to its lowest in eight months
on Thursday as the ruling African National Congress' assertion
that the independence of the central bank had not changed did
little to reassure rattled investors
Asian share markets dithered on Friday as investors waited
for concrete signs of progress in the U.S.-Mexican trade
standoff, while bracing for a U.S. jobs report that could sway
the course of interest rates there.
Wall Street's main indexes closed higher after a choppy
session on Thursday as investors grew more optimistic on trade
after reports that the United States is considering a delay in
imposing tariffs on Mexican imports.
Gold prices eased on Friday, but were headed for their best
week this year supported by expectations of an interest rate cut
by Federal Reserve and heightened global trade conflicts, while
investors await U.S. jobs report due later in the session.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- ANC in all-out war over Reserve Bank mandate.
- Moody's warns recession odds are high.
- Gold reaches 2019 high to boost local miners.
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