South African Markets - Factors to watch on June 28

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on June 28
Credit: © Reuters.

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

ECONOMIC EVENTS

- 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

COMPANIES

- 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/

GLOBAL MARKETS

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

WALL STREET

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 XAU=

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/

EMERGING MARKETS

For the top emerging markets news, double click on - - -

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

BUSINESS DAY

- Mminele exit leaves bank vulnerable.

- Discovery (JO: DSBPp ) DSYJ.J Bank ready to launch app-only service.

BUSINESS REPORT

- S.A. household finances in dire straits.

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