GRINDROD:  450   -7 (-1.53%)  15/09/2019 00:00

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.

COMPANIES

Northam Platinum will publish full-year results. Hulamin and Grindrod will publish half-year results.

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 expected.

GLOBAL MARKETS

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 global growth.

WALL STREET

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

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 Hole.

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

- Email leaks 'meant to thwart renewal'

- Provinces ask for caution on National Health Insurance

BUSINESS REPORT

- Three strikes and you're out, says Fitch

- Standard Bank expecting the Ivory Coast to start taking off

2019-08-23 07:15:28

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