SHOPRIT: 12,065 0 (0.00%)
South African Markets - Factors to watch on July 23
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Tuesday.
Kumba Iron Ore published its half-year results at
0505 GMT. Shoprite Holdings will publish its fourth
quarter trading update.
SOUTH AFRICAN MARKETS
South Africa's rand rallied on Monday, brushing aside local
political ructions as investors increased bets on further
monetary easing by the European and U.S. central banks.
Expectations that the European Central Bank and Federal
Reserve will cut interest rates boosted stocks globally, while
the pound sagged on worries that likely new prime minister Boris
Johnson would lead Britain into a no-deal exit from the European
The S&P 500 climbed toward a record high on Monday,
supported by expectations of lower interest rates, while
investors awaited quarterly earnings from marquee companies
Facebook, Alphabet and Amazon later this week.
Gold prices fell on Tuesday as the dollar strengthened and
some investors locked in profits ahead of the U.S. Federal
Reserve meeting next week.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Gordhan takes on public protector in court
- New unit aims to root out graft with lifestyle audits
within public service
- Community appeals to Concourt to set aside R5.2bn takeover
- R4.6bn was lost in bad Erin deal
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