ASSORE: 27,600 +673 (+2.50%)
South African Markets - Factors to watch on August 21
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Wednesday.
- Statistics South Africa publishes July consumer price
inflation data at 0800 GMT.
- Assore sees full-year HEPS of 59.33 rand to 63.31
SOUTH AFRICAN MARKETS
South Africa's rand firmed on Tuesday, pulling back from an
11-month low as long dollar investors took profits and awaited
further clues on the outlook for the global and local economy.
Stocks closed weaker, dragged down by local
Asian shares flatlined on Wednesday as worries about global
recession and endless trade wars vied with hopes for a lot more
monetary and fiscal stimulus to keep growth going.
Financial shares led U.S. stocks lower on Tuesday to end a
three-day rally as investors awaited comments from Federal
Reserve Chair Jerome Powell at the end of the week.
Gold prices held steady on Wednesday after recovering to
above the key $1,500 an ounce level in the previous session,
with investors waiting for the minutes of the Federal Reserve's
July meeting for possible clues on further U.S. interest rate
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Stanlib joins calls for end to Old Mutual-Moyo fight
- ZSE suspends trade in Hippo Valley shares
(Compiled by Olivia Kumwenda-Mtambo)
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