South African Markets - Factors to watch on May 29

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

JOHANNESBURG, May 29 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.

ECONOMIC EVENTS

- The South African Reserve Bank to publish April money supply data at 0600 GMT.

- The South Africa Reserve Service to release April trade data at 1200 GMT.

- South Africa's Treasury to publish April budget balance figures at 1200 GMT.

- Inflation-linked bonds and Treasury Bills auction results due in the day.

COMPANIES

- South Africa's Tsogo Sun (JO: TSGJ ) Hotels TGOJ.J releases annual results.

- Nampak NPKJ.J reports interim results. Raubex Group RBXJ.J reports full-year results. AFRICAN MARKETS

South African stocks firmed on Thursday with risk-on sentiment remaining intact on optimism that global growth is recovering as economies reopen after coronavirus lockdowns.

The rand ZAR=D3 gave up earlier gains having touched its strongest level since March 27. It traded at 17.4390 per dollar at 1542 GMT, down 0.43% from its previous close. .J ZAR/

GLOBAL MARKETS

Asia's stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong. MKTS/GLOB

WALL STREET

Wall Street ended lower on Thursday following a late-session reversal, with Facebook (NASDAQ: FB ) weighing on the market after President Donald Trump said he would sign an executive order related to social media companies and would hold a news conference on China on Friday. .N

GOLD XAU=

Gold inched up on Friday and was on track for its second monthly gain as deteriorating U.S.-China ties in a world reeling from the coronavirus pandemic rattled investors and fuelled demand for the safe-haven metal. GOL/

EMERGING MARKETS

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