ASSORE:  27,600   +673 (+2.50%)  23/09/2019 00:00

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.

ECONOMIC EVENTS

- Statistics South Africa publishes July consumer price inflation data at 0800 GMT.

COMPANIES

- Assore sees full-year HEPS of 59.33 rand to 63.31 rand.

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 retailers.

GLOBAL MARKETS

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.

WALL STREET

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

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 cuts.

EMERGING MARKETS

For the top emerging markets news, double click on

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

BUSINESS DAY

- Stanlib joins calls for end to Old Mutual-Moyo fight

BUSINESS REPORT

- ZSE suspends trade in Hippo Valley shares (Compiled by Olivia Kumwenda-Mtambo)

2019-08-21 07:24:51

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