South African Markets - Factors to watch on Sept. 18

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


- Spar Group issues trading statement.

- Brimstone Investment says proposed disposal of 3.37% shareholding in life healthcare.


South Africa's rand extended its recent rally to a new six-month peak on Thursday after the central bank kept lending rates unchanged.

Stocks, however, fell, with the Johannesburg Stock Exchange's Top-40 Index dropping 1.8% to 50,700 points and the broader All-Share Index down 1.65% to 55,036 points.


Asian stocks inched up on Friday, despite Wall Street declines, but struggled to make deeper gains as worries about a faltering economic recovery kept investors to the sidelines or seeking safer harbour in assets such as the Japanese yen.


U.S. stocks fell on Thursday as technology-related shares slid for a second day and as government data showed high levels of weekly jobless claims.


Gold prices rose on Friday as gloomy U.S. jobs data cast a shadow over the economic outlook, and major central banks pledged to roll out further stimulus if required to revive their coronavirus-battered economies.


For the top emerging markets news, double click on (Compiled by Olivia Kumwenda-Mtambo)

2020-09-18 07:31:24

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