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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.

ECONOMIC EVENTS

- South Africa's central bank publishes May foreign reserves data. 0600 GMT

COMPANIES

- 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

GLOBAL MARKETS

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

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

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.

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

- ANC in all-out war over Reserve Bank mandate.

- Moody's warns recession odds are high.

BUSINESS REPORT

- Gold reaches 2019 high to boost local miners.

2019-06-07 08:07:57

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