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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.

ECONOMIC EVENTS

The South African Reserve Bank will announce its interest rate decision at 1300 GMT.

COMPANIES

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.

GLOBAL MARKETS

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

Wall Street's major indexes dipped on Wednesday as inflamed trade tensions between the United States and China weighed on investor sentiment.

GOLD

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 rates.

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

- Sasol's latest cost overrun is reckless, say investors

- Plan shifts social burden to miners

BUSINESS REPORT

- Tribunal allows rivals into BAT merger proceedings (Reporting by Emma Rumney)

2019-05-23 07:44:19

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