South African Markets - Factors to watch on May 11

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on May 11
Credit: © Reuters.

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

COMPANIES

Vodacom VODJ.J has published its full-year results, while Life Healthcare LHCJ.J has published its half-year results and AngloGold Ashanti ANGJ.J has published earnings for the first quarter.

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.

.J ZAR/

GLOBAL MARKETS

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.

MKTS/GLOB

WALL STREET

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.

.N

GOLD XAU=

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.

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

- SAA rescue team to appeal judgment on retrenchments

BUSINESS REPORT

- Tourism industry finds itself in dire circumstances

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