South African Markets - Factors to watch on July 21

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

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

COMPANIES

Wescoal WSLJ.J published its full-year results.

SOUTH AFRICAN MARKETS

South Africa's rand edged up in subdued trading on Monday as a global surge in coronavirus infections put the brakes on demand spurred by hopes that the European Union would agree on a recovery fund to rescue the worst hit members of the union.

.J ZAR/

GLOBAL MARKETS

Asian shares advanced on Tuesday as prospects of a deal by European Union leaders to jointly fund recovery of their economies and hopes for a coronavirus vaccine lifted risk appetite.

MKTS/GLOB

WALL STREET

Wall Street gained ground on Monday and surging technology shares pushed the Nasdaq to a record closing high, as promising trial results from potential COVID-19 vaccines helped investors look beyond spiraling new cases of the disease.

.N

GOLD XAU=

Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal.

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

- Small businesses in dire state, McKinsey report shows

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