South African Markets - Factors to watch on July 10

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on July 10

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

ECONOMIC EVENTS

- No major events.

COMPANIES

- Full Year 2020 Wesizwe Platinum WEZJ.J Earnings Release.

- Full Year 2019 PPC Ltd PPCJ.J Earnings Release.

SOUTH AFRICAN MARKETS

South Africa's rand firmed against the dollar on Thursday thanks to a rally in riskier assets globally even as poor manufacturing data at home highlighted the blow to the economy from a coronavirus lockdown.

The benchmark FTSE/JSE All Share Index .JALSH closed down 0.15% to 55,788 points while the FTSE/JSE Top 40 Companies Index slipped 0.04% to end the day at 51,537 points. .J ZAR/

GLOBAL MARKETS

Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concern about economic recovery, while investors looked forward to earnings season. MKTS/GLOB

WALL STREET

The S&P 500 and Dow dropped on Thursday as investors worried about another round of business shutdowns to contain a surge in coronavirus cases and began to shift their focus to earnings, while the Nasdaq hit another record closing high. .N

GOLD XAU=

Gold prices retreated on Thursday, a day after vaulting to nearly nine-year highs, as investors embraced the safe-haven greenback in the face of record U.S. coronavirus cases. 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

- The Public Investment Corporation (PIC) is preparing to take a hit of as much as R6.8bn to its portfolio as it writes down the value of its investment in the embattled Land Bank.

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