South African Markets - Factors to watch on May 14

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on May 14
Credit: © Reuters.

JOHANNESBURG, May 14 - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.

SOUTH AFRICAN MARKETS

South Africa's rand firmed on Thursday, recovering alongside other emerging market currencies following the surprise inflation increase in the United States, as investors saw smaller chances of higher lending rates by the Federal Reserve.

GLOBAL MARKETS

Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic revival.

WALL STREET

Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.

GOLD

Gold prices fell on Friday and were on track for a weekly loss, as firmer dollar and rising U.S. Treasury yields dampened the metal's safe-haven appeal.

Some of the main stories out in the South African press:

BUSINESS DAY

- Sweeping electoral reform on the cards for SA

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