South African Markets - Factors to watch on Aug. 23
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
Northam Platinum will publish full-year results.
Hulamin and Grindrod will publish half-year
SOUTH AFRICAN MARKETS
South Africa's rand was flat on Thursday, as a boost from
lower-than-expected local inflation was overshadowed by worries
that further U.S. Federal Reserve easing might take longer than
Asian shares struggled to make headway on Friday as
uncertainty over how much further the U.S. Federal Reserve would
cut interest rates added to investors' worries over slowing
The benchmark S&P 500 ended little changed on Thursday as a
fall in U.S. jobless claims offset data showing a contraction in
U.S. manufacturing activity while investors awaited Federal
Reserve Chair Jerome Powell's speech on Friday for clues on the
central bank's monetary policy.
Gold eased on Friday and was set for its worst week in
nearly five months, as lack of clarity from U.S. Federal Reserve
on the outlook for interest rate cuts triggered investors to
cash in some gains ahead of Jerome Powell's speech at Jackson
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Email leaks 'meant to thwart renewal'
- Provinces ask for caution on National Health Insurance
- Three strikes and you're out, says Fitch
- Standard Bank expecting the Ivory Coast to start taking
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