The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
- South Africa's central bank publishes credit and money supply figures for May. 0800 GMT
- National Treasury releases monthly budget figures. 1200 GMT
- Revenue service releases May trade data. 1200 GMT
- Sebata Holdings SEBJ.J Full Year 2019 Earnings Release.
SOUTH AFRICAN MARKETS
South Africa's rand gained on Thursday on hopes the United States and China could reach an agreement at the G20 summit this week to prevent a further escalation in their trade war.
On the Johannesburg Stock Exchange (JSE), emerging market risk appetite failed to lift local stocks as resource firms led by Glencore (LON: GLEN ) GLNJ.J weakened. .J ZAR/
Asian shares stumbled on Friday amid rising doubts that a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions. MKTS/GLOB
The S&P 500 and the Nasdaq closed higher in a broad-based rally on Thursday as investors looked to the G20 summit in Osaka, Japan this weekend for progress in the long-running U.S.-China trade dispute, which has whipsawed markets for months. .N
Gold prices jumped on Friday, heading for their best month in three-years, as uncertainty loomed over whether highly anticipated trade talks between China and the United States would yield any progress in ending a year-long trade dispute. GOL/
For the top emerging markets news, double click on - - -
Some of the main stories out in the South African press:
- Mminele exit leaves bank vulnerable.
- S.A. household finances in dire straits.
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