CLOVER: 2,252 +32 (+1.44%)
South African Markets - Factors to watch on August 15
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Thursday.
- No major releases.
- Full Year 2019 Tongaat Hulett Earnings Release.
- Full Year 2019 City Lodge Hotels Earnings
- Full Year 2019 Adapt IT Holdings Ltd Earnings Release.
- Full Year 2019 Arb Holdings Ltd Earnings Release.
- Full Year 2019 Resilient Reit Ltd Earnings Release.
SOUTH AFRICAN MARKETS
South African stocks slipped to a near six-month low on
Wednesday after the U.S. Treasury bond yield curve inverted for
the first time since 2007, reflecting concerns over the outlook
for the world's biggest economy.
The rand ZAR=D3 weakened 1.35% to 15.3500 per dollar, as
concerns about the global economy overshadowed improved local
retail sales data.
Asian stocks slid and oil prices extended a punishing
sell-off on Thursday as investors feared an historic drop in
long-term U.S. bond yields could prove a herald of recession
Wall Street sold off sharply on Wednesday as recession fears
gripped the market after the U.S. Treasury yield curve
temporarily inverted for the first time in 12 years.
Gold prices rose on Thursday, as investors flocked to safer
havens after an inverted U.S. bond yield curve pointed to new
recession fears following poor economic data from Germany and
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- Israeli-led consortium pushing for 4.8 billion rand ($313
million) takeover of Clover.
- Cape Town murder rate still rising after army deployment.
- Axed Old Mutual chief executive Moyo files bid to
($1 = 15.3542 rand)
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