South African Markets - Factors to watch on July 30

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on July 30
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

- The South African Reserve Bank publishes money supply and credit data at 0600 GMT.

COMPANIES

- Hulamin HLMJ.J reports half-year earnings. AFRICAN MARKETS

South Africa's rand firmed on Friday, capping a positive week with sentiment lifted by Chinese commitments to invest billions of dollars in a moribund economy that badly needs a kick start.

On the bourse, shares rose in line with a global stock market rally as transatlantic trade tensions eased after an agreement between the United States and Europe this week. .J ZAR/

GLOBAL MARKETS

Asian share markets drifted lower on Monday while currencies kept to familiar ranges at the start of a busy week peppered with central bank meetings, corporate results and updates on U.S. inflation and payrolls. MKTS/GLOB

WALL STREET

Wall Street's major indexes fell on Friday as weak earnings reports from major technology companies led to a big drop for the sector. .N

GOLD XAU=

Gold prices slipped on Monday as the dollar stood tall against its peers ahead of key central bank meetings and U.S. inflation and payrolls data this week. GOL/

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

BUSINESS DAY

- Gupta-linked Seleke quits his state post

- Opposition to Naspers pay policy 'camouflaged'

BUSINESS REPORT

- SABS chief executive has been suspended

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