South African Markets - Factors to watch on May 27

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on May 27
Credit: © Reuters.

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

COMPANIES

- Woolworths (ASX: WOW ) Holdings Ltd WHLJ.J publishes its trading update. Arrowhead Properties Ltd AHAJ.J reports interim results. AFRICAN MARKETS

South Africa's rand hit an eight week high against the dollar on Tuesday, as optimism on the resumption of economic activity in a number of countries boosted riskier assets, offsetting Sino-U.S. trade tensions as the stock market also rose. .J ZAR/

GLOBAL MARKETS

Asian shares slipped on Wednesday as investor concerns about rising tensions between the United States and China tempered optimism about a re-opening of the world economy. MKTS/GLOB

WALL STREET

U.S. stocks closed higher on Tuesday on optimism about the development of coronavirus vaccines and a revival of business activity, but the S&P 500 failed to hold above the key psychological level of 3,000 points. .N

GOLD XAU=

Gold was trading near a two-week low on Wednesday as optimism around several economies re-opening dulled the metal's safe-haven appeal, although increasing Sino-U.S. frictions over Beijing's proposed security law for Hong Kong tempered losses. GOL/

EMERGING MARKETS

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