South African Markets - Factors to watch on Sept. 14

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

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

COMPANIES

- Bidvest ( BVTJ.J ) reports its full-year results.

AFRICAN MARKETS

South Africa's rand gained on Friday, shaking-off negative news on the domestic economy from earlier in the week, with yield-hungry investors supporting demand for the currency.

Stocks were firmer, with the Johannesburg all share index (.JALSH) up 0.24% to 56,088 points, while the Top 40 index (.JTOPI) closed 0.36% firmer at 51,715 points. 

GLOBAL MARKETS

Asian shares firmed on Monday on renewed hopes for a coronavirus vaccine after AstraZeneca resumed its phase-3 trial though sentiment was still cautious ahead of a big week of central bank meetings in UK, Japan and the United States.

WALL STREET

The Nasdaq slid and the S&P 500 closed little changed on Friday as early gains in technology and growth names faded, with each of the three major Wall Street averages posting their second straight weekly decline. 

GOLD ( XAU= )

Gold prices rose on Monday, supported by a weaker dollar and expectations that the U.S. Federal Reserve will adopt a dovish stance at its two-day monetary policy meeting later this week.

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