South African Markets - Factors to watch on July 16

Reuters
07-16
South African Markets - Factors to watch on July 16

JOHANNESBURG, July 16 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday.

ECONOMIC EVENTS

May retail sales figures ZARET=ECI at 1100 GMT

South Africa hosts G20 finance meeting

SOUTH AFRICAN MARKETS

The South African rand firmed on Tuesday after the release of better-than-expected local mining production figures and as U.S. data showed rising inflation in June in the world's largest economy.

The Johannesburg Stock Exchange's Top-40 index .JTOPI was last up 0.7%..JZAR/

GLOBAL MARKETS

Asian stock markets were under pressure on Wednesday while the dollar climbed to its firmest against the yen since early April, after U.S. inflation data suggested tariffs are pushing prices up, dampening expectations for Federal Reserve policy easing.MKTS/GLOB

WALL STREET

The Nasdaq Composite .IXIC posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks dropped as a key inflation report and a flurry of bank earnings failed to excite investors..N

GOLD

Gold prices rose on Wednesday as investors digested data showing an increase in U.S. consumer prices last month and waited for further clarity on U.S. President Donald Trump's trade policy.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

- Security cracks laid bare as minister flags risk of coup

- SA tops global property returns as international recovery remains mixed

NEWS24

- Govt in talks with three Chinese automakers about boosting their investments, says trade minister

- Post Office ‘on life support’ as Treasury says no to R3.8bn bailout

(Compiled by Sfundo Parakozov; Edited by Harikrishnan Nair)

((Sfundo.Parakozov@thomsonreuters.com))

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