Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on July 22

The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday.

ECONOMIC EVENTS

Lending rates at 1300 GMT.

SOUTH AFRICAN MARKETS

South Africa’s rand and local stocks gained on Wednesday, lifted by improved risk appetite on global markets.

GLOBAL MARKETS

Asian stocks rallied on Thursday, bonds nursed losses and oil held onto sharp gains as investors seemed to set aside virus jitters for now and looked ahead to the European Central Bank for reassurance that policy support will continue for some time.

WALL STREET

Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fuelling a risk-on rally.

GOLD

Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats from rising cases of the Delta coronavirus variant.

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

– Mr Price says just 20 stores remain closed

– Listed property still reeling from Covid-19

FIN 24

– Unions push to put Mango in business rescue

– Toyota resumes production at Durban plant, as talks over new supplier park are fast-tracked (Compiled by Nqobile Dludla)


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