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South African Markets - Factors to watch on Aug 8

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.


- July Business Confidence Index (1130)


- MTN H1 profit down 7 percent.


South Africa's rand gained more than one percent on Tuesday, reversing the previous session's losses as the dollar rally paused and investors sought alternatives to the Turkish lira. The all-share index closed 1.49 percent higher at 57,705 points while the benchmark Top-40 index was up 1.33 percent to 51,578 points.


Asian shares extended their recovery into a fourth day on Wednesday, buoyed by strong U.S. earnings and expectations that Beijing will ramp up fiscal stimulus to cushion the impact of its worsening trade dispute with Washington.


The S&P 500 inched nearer to a record high on Tuesday, lifted by Amazon, Alphabet and Microsoft, and by a strong second-quarter earnings season that fueled optimism about the U.S. economy's strength.


Gold prices drifted higher in Asian trade on Wednesday, extending gains into a second session, as the U.S. dollar softened against China's yuan and the euro.


For the top emerging markets news, double click on

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Some of the main stories out in the South African press:


- Cabinet talks zero in on growth, jobs crisis. (Compiled by Ed Stoddard)

2018-08-08 07:24:15

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