JOHANNESBURG, June 29 (Reuters) – The following company events, debt and currency market moves may affect South African markets on Monday.
SOUTH AFRICAN MARKETS
South Africa’s rand slipped against the U.S. dollar on Friday as concerns about a surge in coronavirus cases globally continued to weigh on hopes of a swift economic recovery.
Asian share markets began the week with a cautious tone on Monday as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe-haven bonds and the U.S. dollar.
Wall Street’s major indexes tumbled more than 2% on Friday as several U.S. states imposed business restrictions in response to a surge in coronavirus cases.
Gold prices rose on Monday as worries over a surge in fresh COVID-19 infections globally dented investor optimism about a swift economic rebound and drove investors towards the safe-haven metal.
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Some of the main stories in the South African press:
– A million workers wait for COVID-19 relief
– Unions have set SAA on path to liquidation, says Gordhan
(Compiled by Alexander Winning)