South African Markets - Factors to watch on May 6

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on May 6

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

ECONOMIC EVENTS

Purchasing Managers' Index (PMI) due at 0715 GMT

SOUTH AFRICAN MARKETS

South Africa's rand firmed on Tuesday, shaking off a batch of poor domestic data recently, as moves by several countries to ease coronavirus lockdowns lifted global risk appetite.

Stocks ended flat, with the Johannesburg All-Share index .JALSH unchanged at 49,184 points, while the Top-40 index .JTOP inched 0.10% lower to 45,210 points. .J ZAR/

GLOBAL MARKETS

Shares struggled and the yen gained on Wednesday, with markets in China faltering on their return from a long holiday as investors fretted over Sino-U.S. tensions, while oil ended an extended winning streak on oversupply risks amid weak demand. MKTS/GLOB

WALL STREET

Wall Street's main indexes gained on Tuesday as healthcare stocks rallied, oil prices surged and a number of countries and U.S. states eased coronavirus-induced restrictions in an attempt to revive their economies. .N

GOLD XAU=

Gold prices slipped on Wednesday as the gradual easing of some coronavirus-led restrictions by several nations raised prospects of more global economic activity, denting demand for the safe-haven metal. GOL/

EMERGING MARKETS

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