CITYLDG: 7,700 -100 (-1.28%)
South African Markets - Factors to watch on August 16
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
- No major releases.
- Full Year 2019 Tongaat Hulett Earnings Release.
- Full Year 2019 City Lodge Hotels Earnings
SOUTH AFRICAN MARKETS
The South African rand ZAR=D3 gained more than 1 percent
against the dollar on Thursday, pulling back from a steep
sell-off as worries about the global economy eased slightly.
On the Johannesburg bourse, stocks recovered some ground
lost earlier in the day but still closed weaker, with investors
averse to risk a day after an inversion of the U.S. Treasury
bond yield curve, a sign some investors see as a harbinger of
recession in the world's largest economy.
Asian shares found some footing on Friday after a turbulent
week as China hinted at more support for its economy, amid
growing expectations of aggressive stimulus from all the major
The S&P 500 and the Dow gained ground in a late rally on
Thursday as upbeat retail sales data offset recessionary fears
amid the simmering U.S.-China trade tensions.
Gold prices edged lower on Friday but were headed for a
third consecutive weekly gain, as fears over a global economic
slowdown and a lack of clarity on the U.S.-China trade war
boosted the metal's safe-haven appeal.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- President Ramaphosa signs consumer debt relief bill into
- RCL Foods flags earnings dip over cheap imports,
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