South African Markets - Factors to watch on May 22

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on May 22
Credit: © Reuters.

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

ECONOMIC EVENTS

Statistics South Africa will publish inflation data for April at 0800 GMT.

COMPANIES

Tiger Brands TBSJ.J will publish earnings for the first half of its financial year, while Lewis Group LEWJ.J will release its full-year results.

SOUTH AFRICAN MARKETS

South Africa's rand steadied in late afternoon trade on Tuesday, recovering from losses earlier in the session as developing world currencies weakened on fears the protracted China-U.S trade conflict may have already begun to impact Asian economies.

.J ZAR/

GLOBAL MARKETS

Asian stocks struggled for traction on Wednesday, as relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world's two largest economies.

MKTS/GLOB

WALL STREET

Shares of technology companies helped lift Wall Street on Tuesday after the United States temporarily eased curbs on China's Huawei Technologies Co Ltd, alleviating investor concerns about pressure on future corporate results in the sector.

.N

GOLD XAU=

Gold edged lower on Wednesday to hover near a two-week low, as a stronger dollar and signs of easing Sino-U.S. friction dented demand for bullion ahead of the minutes from U.S. Federal Reserve's latest meeting.

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

- Tito Mboweni bemoans 'madness' of Eskom debt

- Another technical recession 'probable'

BUSINESS REPORT

- OECD slashes SA's growth forecast to 1.2%

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100