South African Markets - Factors to watch on July 29
South African Markets - Factors to watch on July 29 JOHANNESBURG, July 29 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Wednesday.
ECONOMIC EVENTS
M3 money supply and private sector credit data
COMPANIES
Valterra Platinum half-year earnings VALJ.J
SOUTH AFRICAN MARKETS
The South African rand was flat on Tuesday as a firmer dollar and lower gold prices kept pressure on the risk-sensitive currency ahead of the U.S. Federal Reserve's policy decision.
On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was down about 0.3%..JZAR/
GLOBAL MARKETS
Asian stocks sank on Wednesday, extending a vicious selloff as anxiety about AI valuations and whether the massive spending will deliver returns rattled investors ahead of crucial earnings from big tech firms and a U.S. Federal Reserve policy decision.MKTS/GLOB
WALL STREET
The S&P 500 ended higher on Tuesday as gains in Boeing and Coca-Cola helped offset tumbling chip stocks ahead of quarterly reports from Apple and other tech companies this week..N
GOLD
Gold prices were largely steady on Wednesday as investors awaited the U.S. Federal Reserve's policy decision and comments from Fed Chairman Kevin Warsh for clues on inflation and interest rate outlooks.GOL/
Some of the main stories out in the South African press:
BUSINESS DAY
- Boxer charges ahead with ambitious store rollout despite slowing sales
NEWS24
- Canal+ promises content remains king as MultiChoice ekes out growth
(Compiled by Sfundo Parakozov)
Recent news on Valterra Platinum
See all newsAnglo sticks to copper forecast after snow in Chile hits quarter (updated)
Anglo American posts 5% drop in Q3 copper output on Chile weather disruptions
Brief: Valterra Platinum To Purchase 50% Of Tharisa Mine PGM Concentrate From 1 January 2027
Top of the Street: Glencore, Anglo American, Carmila
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