South African Markets - Factors to watch on May 7

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on May 7

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

ECONOMIC EVENTS

South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index. 0930 GMT

SOUTH AFRICAN MARKETS

South Africa's rand weakened against the dollar in afternoon trade on Wednesday, with market sentiment bruised by indicators painting a bleak outlook for the economy both at home and globally amid the coronavirus crisis.

The Top-40 index .JTOPI rose 1.64% while the broader all-share .JALSH closed 1.32% firmer. .J ZAR/

GLOBAL MARKETS

Asian shares pared early losses on Thursday after Chinese exports proved far stronger than even bulls had imagined, while U.S. bond investors were still daunted by the staggering amount of new debt set to be sold in coming weeks. MKTS/GLOB

WALL STREET

The S&P 500 and the Dow fell on Wednesday as declines in financials and defensive groups countered gains in tech shares and as data showed U.S. private employers laid off 20 million workers in April, underscoring the economic fallout of the coronavirus outbreak. .N

GOLD XAU=

Gold rose on Thursday as bleak economic data raised doubts about a recovery in the coronavirus-hit global economy even though some countries started to ease lockdown restrictions. GOL/

EMERGING MARKETS

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