South African Markets - Factors to watch on May 19

Tharisa

19/05/2023 06:47

JOHANNESBURG, May 19 (Reuters) - The following scheduled
economic events, company announcements, equity and currency
market moves may affect South African markets on Friday.
    
    ECONOMIC EVENTS
    Inflation-linked bond auction 
    Treasury bill auction
    
    COMPANIES
    Tharisa PLC  THST.L  half-year results
    Dis-Chem  DCPJ.J  annual results
    
    SOUTH AFRICAN MARKETS
    South Africa's rand extended the previous day's losses on
Thursday as the U.S. dollar hovered near a seven-week high on
optimism over U.S. debt ceiling talks.
    Stock market ended lower, with both the Top-40  .JTOPI 
index and the broader all-share  .JALSH  down over
0.9%. .J  ZAR/ 
    
    GLOBAL MARKETS
    Asian shares rose on Friday and the dollar hung near a
two-month peak as increased hopes of a deal over the U.S. debt
ceiling and strong economic data lifted sentiment, while Japan's
Nikkei jumped to highest in nearly 33 years. MKTS/GLOB 
    
    WALL STREET
    U.S. stocks closed higher for a second straight day on
Thursday on mounting optimism that a U.S. debt ceiling deal
could be reached within days, with discount retailer Walmart Inc
WMT.N providing additional support after an upbeat annual sales
forecast. .N 
    
    GOLD
    Gold prices ticked up on Friday but were on course for their
biggest weekly drop in 3-1/2 months as hopes of a resolution in
the U.S. debt ceiling negotiations and fading expectations of a
rate cut by year-end took some shine off bullion. GOL/ 
    
    EMERGING MARKETS
    For the top emerging markets news, double click on
 urn:newsml:reuters.com:*:nTOPEMRG
    - - - - 
    Some of the main stories out in the South African press:
    
    BUSINESS DAY
    - Competition Tribunal puts the brakes on Sasol’s gas price
hikes
    - Investec CEO Fani Titi sceptical about fixing coal power
plants
    
    FIN 24
    - Masondo in New York: South Africa doesn’t favour Russia

 (Compiled by Nellie Peyton)