South African Markets - Factors to watch on March 15

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 15
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

- No major economic events.

COMPANIES

- Remgro REMJ.J Half Year 2019 Earnings Release.

- Rand Merchant Investment RMIJ.J Half Year 2019 Earnings Release.

- African & Overseas Enterprises AONJn.J Half Year 2019 Earnings Release.

- Rex Trueform Group RTOJ.J Half Year 2019 Earnings Release.

SOUTH AFRICAN MARKETS

The South African rand fell on Thursday, hurt by subdued appetite for emerging market assets and data showing that output in two key industrial sectors of mining and manufacturing remained weak, while the stock market ended flat. .J ZAR/

GLOBAL MARKETS

Asian stocks stepped ahead on Friday as sentiment improved on a report that more progress has been made in U.S.-China trade talks and after UK lawmakers voted to delay a potentially chaotic exit from the European Union. MKTS/GLOB

WALL STREET

The S&P 500 slipped on Thursday, snapping a three-day streak of gains, as uncertainty over when a trade deal between the United States and China would be reached left investors on edge. .N

GOLD XAU=

Gold prices rose on Friday, recovering from the previous session's sharp fall, as the dollar dipped and mounting concerns about a slowdown in global economic growth boosted demand for the safe-haven bullion. GOL/

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

BUSINESS DAY

- Recovery plan for Eskom's Medupi, Kusile.

- MTN (JO: MTNJ ) shares set to rally according to analysts.

BUSINESS REPORT

- African Rainbow Capital AILJ.J dumps EOH EOHJ.J .

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