MTN: 10,476 -54 (-0.51%)
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 AFRICAN MARKETS
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
- - - -
Some of the main stories out in the South African press:
- Cabinet talks zero in on growth, jobs crisis.
(Compiled by Ed Stoddard)
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