South African Markets - Factors to watch on Feb. 18

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Feb. 18
Credit: © Reuters.

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

ECONOMIC EVENTS

- No Events.

COMPANIES

- Half Year 2020 Comair Ltd COMJ.J Earnings Release.

- Half Year 2020 Stellar Capital Partners Ltd SCPJ.J Earnings Release.

- Half Year 2020 Transpaco Ltd TPCJ.J Earnings Release.

- Half Year 2020 SilverBridge Holdings Ltd SVBJ.J Earnings Release.

- Full Year 2019 Visual International Holdings Ltd VISJ.J Earnings Release.

- Q4 2019 Kumba Iron Ore Ltd KIOJ.J Earnings Release.

SOUTH AFRICAN MARKETS

South Africa's rand weakened on Monday, as ratings agency Moody's cut its forecast for the country's economic growth due to lacklustre private sector demand at home and power cuts.

Shares in the miner surged to a 3-1/2-year high, closing 5.89% firmer at 44.58 rand. Amplats and Sibanye topped the Johannesburg All-Share index .JALSH as well as the Top-40 index .JTOPI. .J ZAR/

GLOBAL MARKETS

Asian shares fell and Wall Street retreated from record highs on Tuesday after Apple Inc (NASDAQ: AAPL ) AAPL.O said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China. MKTS/GLOB

WALL STREET

Closed on Monday. .N

GOLD XAU=

Gold rose to a two-week high on Tuesday, spurred by demand for safe-havens after iPhone maker Apple Inc's revenue warning underscored the financial fallout of the coronavirus epidemic in China. 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

- Carmakers rattled by free-for-all repair plan.

- ABInbev investor pocket 9.7 billion rand ($646 million) windfall.

BUSINESS REPORT

- Amplats declares first special dividend since 2001.

- Fears mount over growing job layoffs. ($1 = 15.0193 rand)

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