South African Markets - Factors to watch on July 16

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on July 16
Credit: © Reuters.

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 PPI data

COMPANIES

Woolworths (ASX: WOW ) Holdings WHLJ.J expected to release a trading statement for its annual results.

SOUTH AFRICAN MARKETS

South Africa's rand raced to a new one-month best on Wednesday in a broad rally by risk assets spurred by progress towards a COVID-19 vaccine.

Following global markets which raced up on Thursday on hopes of a vaccine and a quicker economic recovery, the FTSE/JSE All Share Index .JALSH closed up 0.75% at 55,947 points, while the FTSE/JSE Top 40 Companies Index .JTOPI ended up 0.73% at 51,607 points. .J ZAR/

GLOBAL MARKETS

Asian shares and U.S. stock futures fell on Thursday, weighed down by concern about deteriorating U.S.-China relations and the economic cost of a resurgence in coronavirus infections that is prompting some governments to reimpose containment measures. MKTS/GLOB

WALL STREET

U.S. stocks ended sharply higher on Wednesday, with the S&P 500 at its highest since early June, following promising early data for a potential COVID-19 vaccine and a strong quarterly report from Goldman Sachs (NYSE: GS ). .N

GOLD XAU=

Gold prices held steady near a nine-year peak on Thursday, as concerns over rising coronavirus cases and simmering U.S.-China tensions offset some silver linings from Chinese economic data. GOL/

EMERGING MARKETS

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  • Jevon Dyer @Jevon Dyer
    what does this mean for gold
    Like 0