TFG: 18,364 +182 (+1.00%)
South African Markets - Factors to watch on May 23
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Thursday.
The South African Reserve Bank will announce its interest
rate decision at 1300 GMT.
The Foschini Group and Mediclinic will
release full-year results.
SOUTH AFRICAN MARKETS
South Africa's rand steadied in afternoon trade on Wednesday
as markets positioned for the release of minutes from the
Federal Reserve's latest meeting that might give more clues on
the U.S. interest rate outlook.
Asian shares broke support and caved to a four-month low on
Thursday, as concerns grew that the Sino-U.S. trade conflict was
fast morphing into a prolonged technology cold war between the
world's two largest economies.
Wall Street's major indexes dipped on Wednesday as inflamed
trade tensions between the United States and China weighed on
Gold prices were steady on Thursday, as simmering Sino-U.S.
trade tensions underpinned the dollar, while bullion investors
looked for a direction after the minutes of the U.S. Federal
Reserve meeting indicated that there was no hurry in cutting
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- Sasol's latest cost overrun is reckless, say investors
- Plan shifts social burden to miners
- Tribunal allows rivals into BAT merger proceedings
(Reporting by Emma Rumney)
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.