South African Markets - Factors to watch on August 15

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on August 15
Credit: © Reuters.

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

ECONOMIC EVENTS

- No major releases.

COMPANIES

- Full Year 2019 Tongaat Hulett TONJ.J Earnings Release.

- Full Year 2019 City Lodge Hotels CLHJ.J Earnings Release.

- Full Year 2019 Adapt IT Holdings Ltd Earnings Release.

- Full Year 2019 Arb Holdings Ltd Earnings Release.

- Full Year 2019 Resilient Reit Ltd Earnings Release.

SOUTH AFRICAN MARKETS

South African stocks slipped to a near six-month low on Wednesday after the U.S. Treasury bond yield curve inverted for the first time since 2007, reflecting concerns over the outlook for the world's biggest economy.

The rand ZAR=D3 weakened 1.35% to 15.3500 per dollar, as concerns about the global economy overshadowed improved local retail sales data. .J ZAR/

GLOBAL MARKETS

Asian stocks slid and oil prices extended a punishing sell-off on Thursday as investors feared an historic drop in long-term U.S. bond yields could prove a herald of recession globally. MKTS/GLOB

WALL STREET

Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years. .N

GOLD XAU=

Gold prices rose on Thursday, as investors flocked to safer havens after an inverted U.S. bond yield curve pointed to new recession fears following poor economic data from Germany and China. 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

- Israeli-led consortium pushing for 4.8 billion rand ($313 million) takeover of Clover CLRJ.J .

- Cape Town murder rate still rising after army deployment.

BUSINESS REPORT

- Axed Old Mutual OMUJ.J chief executive Moyo files bid to reverse termination. ($1 = 15.3542 rand)

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search