MTN: 10,001 -64 (-0.64%)
South African Markets - Factors to watch on Sept. 21
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
- No major economic events.
- Sasol Inzalo Public full-year earnings release.
SOUTH AFRICAN MARKETS
South Africa's rand firmed to a three-week high against the
dollar on Thursday after the central bank left its benchmark
repo rate unchanged and the U.S. currency slipped to its lowest
Equities rose for a third session in line with global
markets that continued to shrug off lingering concerns over the
U.S.-China trade war.
Asian stocks extended gains on Friday after Wall Street's
S&P 500 set a new all-time high, while the dollar slipped on
views that Beijing's and Washington's fresh exchange of tariffs
may be less damaging than initially feared.
Trade-sensitive industrial stocks led the Dow Jones
Industrial Average to a record closing high on Thursday, the
last of Wall Street's main indexes to fully regain ground since
a correction that began in January.
Gold prices edged up on Friday to a one-week high as the
dollar weakened on receding fears of a full-blown Sino-U.S.
trade war, keeping the yellow metal on track for its first
weekly gain in four.
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- Minister in the Presidency warns of land reform time bomb.
- State pension fund PIC to invest $100 million in Cairo
- Steinhoff admits accounting scandal damaged
- Nigeria climb down on hefty MTN fine.
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.