The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
- South Africa's statistics agency publishes May consumer inflation figures. 0800 GMT
- 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/
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
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 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/
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Some of the main stories out in the South African press:
- 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.
- Miners lobby group to meet with ruling ANC over new empowerment regulations.
- Datatec DTCJ.J buys Indonesian ICT firm.
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