South African Markets - Factors to watch on June 4

Reuters
06/04
South African Markets - Factors to watch on June 4

JOHANNESBURG, June 4(Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Wednesday.

ECONOMIC EVENTS

S&P Global South Africa PMI for May

COMPANIES

South Africa's SPAR Group half-year results SPPJ.J

SOUTH AFRICAN MARKETS

The South African rand weakened on Tuesday after first-quarter gross domestic product $(GDP)$ data came in marginally better than expected but showed that the economy had stagnated.

On the Johannesburg Stock Exchange the Top-40 index .JTOPI closed down about 0.4%..JZAR/

GLOBAL MARKETS

Asian stocks inched higher on Wednesday and the dollar wobbled near six-week lows as traders braced for higher U.S. duties on steel and aluminium, the latest chapter in the trade war saga that has rattled the markets for much of the year.MKTS/GLOB

WALL STREET

U.S. stock indexes closed higher on Tuesday, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on Washington's tariff plans..N

GOLD

Gold prices climbed on Wednesday as uncertainty over U.S.-China trade relations and global economic concerns boosted safe-haven demand.GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

- - - -

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

BUSINESS DAY

- Old Mutual pushes for overhaul of SA’s pensions industry

- Mineral Resources Development Bill will overregulate mining, say legal experts

- SA plans charm offensive to lure skilled migrants and expats

FIN 24

- SA’s top beef producer slashes output after foot-and-mouth hits massive feedlot

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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