South African Markets - Factors to watch on June 6
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.
The South African Reserve Bank publishes current account data for the first quarter at 0900 GMT.
Stenprop STPJ.J will publish full-year results.
SOUTH AFRICAN MARKETS
South Africa's rand continued to weaken against the dollar on Wednesday, sliding to a fresh one-week low, weighed down by a squabble between the ruling African National Congress (ANC) and government over the mandate of the central bank.
Asian markets were in a mixed mood on Thursday as fears the U.S. trade tussle with Mexico would further depress global growth, warred with wagers central banks would have to respond with fresh stimulus.
Wall Street's major indexes rose on Wednesday as investors bet on a Federal Reserve interest rate cut after weak private sector jobs data and hopes grew that the United States and Mexico would reach an agreement to avoid U.S. tariffs on Mexican goods.
Gold prices were stable on Thursday, hovering below the 15-week high hit in the previous session, supported by trade worries and a possible U.S. rate cut, even as some investors locked in profits in bullion after a recent rally.
For the top emerging markets news, double click on - - -
Some of the main stories out in the South African press:
- Mboweni and Kganyago put out Ace's fire
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