MTN:  10,232   +23 (+0.23%)  20/09/2019 00:00

South African Markets - Factors to watch on August 5

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

COMPANIES

- MTN Group says MTN Ghana subscribers up by 6.2% to 21.3 Mln.

SOUTH AFRICAN MARKETS

South African stocks slipped to a near two-month low on Friday as risk aversion swept across financial markets on resurgent U.S.-China trade tensions, while the rand also weakened.

GLOBAL MARKETS

Asian shares suffered their steepest daily drop in nine months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough and stampeded investors into safe harbours including the yen, bonds and gold.

WALL STREET

Wall Street extended its sell-off on Friday on renewed trade fears as the benchmark S&P 500 index and Nasdaq saw their worst weekly percentage plunges since December, when investors were spooked by the prospect of a looming recession.

GOLD

Gold prices jumped 1% to their highest level in more than six years on Monday, as the escalating trade war between the United States and China along with global growth worries drove investors towards safe-haven assets.

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

- Ramaphosa warned on runaway debt

- Banking sector 'faces shutdown over job cuts'[

BUSINESS REPORT

- Brait 'may sell stake in Virgin Active' (Compiled by Olivia Kumwenda-Mtambo)

2019-08-05 07:29:11

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