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 AFRICAN MARKETS
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
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