South African Markets - Factors to watch on August 16

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on August 16
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

1100 GMT - Retail sales for June released by statistics agency.

COMPANIES

Italtile ITEJ.J releases full-year results

SOUTH AFRICAN MARKETS

The rand weakened slightly on Tuesday as traders juggled upbeat U.S. economic data with a South African court decision to reject calls to shift the central bank's policy focus. .J ZAR/

GLOBAL MARKETS

The dollar hoarded hefty gains on Wednesday after strong U.S. retail data put a Federal Reserve rate hike back on the agenda, while Asia stocks inched ahead as tensions in the Korean peninsula simmered down a little. MKTS/GLOB

WALL STREET

U.S. stocks ended little changed on Tuesday as declines in Home Depot (NYSE: HD ) and other retailers following results offset upbeat U.S. retail sales data. .N

GOLD XAU=

Gold prices inched up early on Wednesday after two days of losses, with investors awaiting minutes from the U.S. Federal Reserve's last meeting in July for clues on the pace of potential interest rate hikes. 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

- SAA's procurement policy illegal - lawyers; Airline warned it could face legal action by suppliers

- More Eskom bosses suspended - sources

BUSINESS REPORT

- Central bank's victory decisive

- Curro invests R1.5 bn to expand

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