South African Markets - Factors to watch on Sept. 14

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Sept. 14
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 releases.

COMPANIES

- Full Year 2018 Grand Parade Investments GPLJ.J Earnings Release.

- Peregrine Holdings PGRJ.J Annual Shareholders Meeting.

SOUTH AFRICAN MARKETS

South Africa's rand raced to its highest in more than a week on Thursday, erasing all of the losses suffered after the economy slipped into recession, as a rate hike in Turkey and Moody's decision to hold fire on a downgrade boosted demand.

On the bourse, the blue chip top 40 index .JTOPI was 0.35 percent higher at 49,991 points while the broader all share index .JALSH gained 0.38 percent to close the day at 56,167 points. .J ZAR/

GLOBAL MARKETS

Shares across most of Asia rose on Friday on expectations that the United States and China could launch a fresh round of trade talks, and as a surprisingly sharp interest rate hike in crisis-hit Turkey supported the lira and global risk appetite. MKTS/GLOB

WALL STREET

Apple (NASDAQ: AAPL ) led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States. .N

GOLD XAU=

Apple led a rebound in technology shares and boosted all three major U.S. stock indexes on Thursday, while trade worries eased after China welcomed new talks with the United States. GOL/

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

BUSINESS DAY

- Aspen (JO: APNJ ) sinks.

BUSINESS REPORT

- Treasury determined to proceed with fiscal restraint.

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