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South African Markets - Factors to watch on July 23

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


Anglo American Platinum to release half-year results on Monday

Power utility Eskom will release its 2017/18 financial results on Monday


South Africa's rand rose more than 1 percent on Friday as short sellers bought back into the currency at cheaper levels after hawkish comments from the central bank caused a sharp decline in the previous session.

The blue-chip Top-40 index closed up 1.4 percent at 50,904 points, while the broader All-Share index rose 1.27 percent to 56,990 points.


Asian shares dipped on Monday on fears of more protectionist measures from the United States while the dollar declined against major currencies after U.S. President Donald Trump criticised the Federal Reserve's tightening policy.


U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft.


Gold prices were steady on Monday near their highest since July 17 as the dollar eased to its lowest in nearly two weeks after U.S. President Donald Trump criticised the Federal Reserve's interest rate tightening policy.


For the top emerging markets news, double click on

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


- Trends promising for Sasol

- Naspers eyes SA's online retail market


- Truworths expects lower profit for the year to July 1

2018-07-23 07:35:50

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