South African Markets - Factors to watch on June 5

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on June 5
Credit: © Reuters.

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

COMPANIES

Extract Group EXGJ.J H1 results

SOUTH AFRICAN MARKETS

South Africa's rand was firmer on Monday in a broad emerging market rally spurred by a return of risk appetite as political tensions in Italy eased and metal prices climbed. .J ZAR/

GLOBAL MARKETS

Asian stocks steadied on Tuesday as investors paused for breath after the previous day's rally, although tech-inspired Wall Street gains supported broader sentiment as focus shifted to bullish economic fundamentals, away from trade concerns. MKTS/GLOB

WALL STREET

Wall Street's three major indexes rose on Monday, led by a rally in tech stocks, pushing the Nasdaq to a record closing high as investors bet on a continuation of strong economic growth, while falling oil prices weighed on the energy sector. .N

GOLD XAU=

Gold prices were steady on Tuesday, after falling for three days, as investors opted for riskier assets amid increasing prospects of an interest rate hike in the United States following strong U.S. economic data.

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

BUSINESS DAY

- 1.3 million voters could be struck off roll

- Public pension fund takes a more active line

BUSINESS REPORT

- No end in sight for Steinhoff decline

- KPMG loss contracts costs 400 jobs

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