South African Markets - Factors to watch on August 29

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

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

ECONOMIC EVENTS

Exchange operator JSE Ltd. releases data on foreigners' buying and selling of South African bonds and stocks during the previous week.

COMPANIES

The Bidvest Group BVTJ.J reports full-year results.

Assore ASRJ.J reports full-year results

SOUTH AFRICAN MARKETS

South Africa's rand and bonds rallied on Friday as soft economic growth data in the United States ahead of a speech by the Federal Reserve chair upped bets the bank could delay hiking lending rates. .J ZAR/

GLOBAL MARKETS

Most Asian share markets tumbled on Monday while the U.S. dollar added to gains made after Federal Reserve Chair Janet Yellen indicated a U.S. interest rate increase remains on the cards for this year. MKTS/GLOB

WALL STREET

U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials. .N

GOLD XAU=

Gold edged lower on Monday as the dollar got a boost after hawkish comments from Federal Reserve Chair Janet Yellen left the door open to a U.S. interest rate hike as early as next month. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on - - -

Some of the main stories out in the South African press:

BUSINESS DAY

- Gordhan push is move on Treasury, says SACP; Zuma 'wields too much power'; Party 'not clinging to Cabinet posts'

- Molefe hardens stance against independent power producers

BUSINESS REPORT

- Hawks to swoop on Pravin; 'Charges designed to weaken fight against corruption'

- Zim on brink of anarchy as protests escalate

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