REFILE-South African Markets - Factors to watch on May 21

  • Reuters
  • Stock Market News
REFILE-South African Markets - Factors to watch on May 21
Credit: © Reuters.

(Adds dropped letter in third paragraph) The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.

ECONOMIC EVENTS

- South Africa's central bank ZAREPO=ECI announces lending rate decision. 1300 GMT

COMPANIES

- Spar SPPJ.J half-year results.

- Investec INLJ.J Full-year results.

SOUTH AFRICAN MARKETS

South Africa's rand edged up on Wednesday as global risk appetite improved on hopes of an economic recovery, though investors remained cautious a day ahead of a central bank rate decision.

Stocks continued their upward trajectory, following other global markets on renewed optimism of economies opening up and increasing demand. .J ZAR/

GLOBAL MARKETS

Asian shares stepped back slightly and U.S. stock futures fell on Thursday as lingering caution about the long-term impact of the coronavirus outbreak offset some of this week's enthusiasm over re-opening of economies. MKTS/GLOB

WALL STREET

The three major averages on Wall St notched their fourth gain in five sessions on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reserve. .N

GOLD XAU=

Gold fell on Thursday, pressured by hopes of a swift recovery from the coronavirus-driven recession although losses were capped by prospects of more stimulus and bleak data. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on - - -

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

BUSINESS DAY

- Social bond could target R100 bln to help Covid-19 response.

- Ninety One CEO sees increased appetite for risk after ‘tough' period.

BUSINESS REPORT

- Construction industry capacity only operating at roughly 15% in Level 4.

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