The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.
SOUTH AFRICAN MARKETS
South Africa's rand firmed on Friday, with sentiment toward risk and emerging market currencies boosted by an easing in tensions between China and the United States and optimism about the re-opening of some economies around the world.
Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new coronavirus cases.
Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared.
Gold prices rose on Monday, holding above the key $1,700 per ounce support level, as a new wave of coronavirus infections in some countries raised expectations of further stimulus measures and lower interest rates.
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Some of the main stories out in the South African press:
- SAA rescue team to appeal judgment on retrenchments
- Tourism industry finds itself in dire circumstances
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