Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on June 21

June 21 (Reuters) – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

Leading indicator

Long-term bond auction

SOUTH AFRICAN MARKETS

South Africa’s rand firmed against the dollar on Monday, as investors continued to assess risks to the economy from tighter U.S. monetary policy following the Federal Reserve’s biggest interest rate increase in a quarter of a century.

Overall on the JSE, the All-Share index rose 1.47% to 66,350 points while the Top-40 index closed 1.68% higher at 60,074 points.

GLOBAL MARKETS

Asian stocks and U.S. share futures turned higher on Tuesday as the market took stock after a recent steep selloff, but concerns remain that aggressive central bank rate hikes to curtail inflation could spark a global recession.

GOLD

Gold prices were flat on Tuesday as investors kept a keen eye on major central banks’ stance on interest-rate hikes to get a clearer outlook for bullion.

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

– Transnet aims to clear logjam with new tender for locomotives

– Zondo to seek court pardon for overshooting state capture deadline

FIN 24

– Good year for Omnia despite Transnet woes and other challenges that cost it ‘tens of millions’ (Compiled by Anait Miridzhanian)


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