South African Markets - Factors to watch on July 29

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on July 29
Credit: © Reuters.

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


- The South Africa Reserve Bank to publish June credit and money supply data at 0600 GMT.

- Statistics South Africa to release June consumer price inflation figures at 0800 GMT.


- Sasol (JO: SOLJ ) announces sell of air separation units to Air Liquide (PA: AIRP ). AFRICAN MARKETS

South Africa's rand retreated on Tuesday, pulling back from a strong rally as risk demand globally paused with investors eyeing the U.S. central bank's latest policy meeting.

The Johannesburg Stock Exchange (JSE) inched up, with the FTSE/JSE All Share Index .JALSH 0.29% higher at 56,488 points and the Top 40 Companies Index .JTOPI up 0.25% at 52,043 points. .J ZAR/


The U.S. dollar hovered just above a two-year low on Wednesday, while stocks struggled, as growing worries about the U.S. economy had investors cautious and looking to Congress and the Federal Reserve for a boost. MKTS/GLOB


Wall Street closed lower on Tuesday as investors fretted about weakening consumer confidence, disappointing financial results and as investors worried about wrangling in the U.S. Congress over a coronavirus aid plan. .N


Gold retreated on Wednesday as the dollar briefly halted its slide and investors booked profits after prices hit a record high in the last session, ahead of the U.S. Federal Reserve's monetary policy decision. GOL/


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