South African Markets - Factors to watch on June 21

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on June 21
Credit: © Reuters.

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

ECONOMIC EVENTS

- South Africa's statistics agency publishes May consumer inflation figures. 0800 GMT

COMPANIES

- RCL Foods RCLJ.J H1 results.

- Shoprite SHPJ.J H1 results.

- Assore Ltd ASRJ.J H1 results.

SOUTH AFRICAN MARKETS

South Africa's rand extended its losses against the dollar on Tuesday as jittery investors sold the currency after a recommendation by the anti-graft watchdog to remove the central bank's mandate of maintaining currency and price stability. .J ZAR/

GLOBAL MARKETS

A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks. MKTS/GLOB

WALL STREET

U.S. stocks closed lower on Tuesday as a sharp drop in oil prices hurt energy stocks and retail stocks were pulled down by concerns about Amazon (NASDAQ: AMZN ).com's AMZN.O plan to boost its apparel business, while investors also worried about future Federal Reserve rate hikes. .N

GOLD XAU=

Gold inched up on Wednesday after hitting its lowest in five weeks in the previous session, buoyed as equities fell and the U.S. dollar eased from one-month highs following a tumble in crude oil prices. 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

- Opposition party the Economic Freedom Fighters forces cancellation of state Airports Company's board meeting over directors linked to corruption

- Power utility Eskom asks treasury for support to purchase electricity form independent producers.

BUSINESS REPORT

- Miners lobby group to meet with ruling ANC over new empowerment regulations.

- Datatec DTCJ.J buys Indonesian ICT firm.

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