South African Markets - Factors to watch on August 6

Reuters
08/06
South African Markets - Factors to watch on August 6

JOHANNESBURG, August 6 (Reuters) - The following equity and currency market moves may affect South African markets on Wednesday.

SOUTH AFRICAN MARKETS

The South African rand was little changed in muted trade on Tuesday even after the release of a positive purchasing managers' index survey as investors continued to wait for tariff updates ahead of the United States' August 8 deadline.

The Johannesburg Stock Exchange's Top-40 index .JTOPI was last up 0.4%..JZAR/

GLOBAL MARKETS

Asian shares slipped along with Wall Street on Wednesday, after weak U.S. data highlighted the damage tariffs were having on economic activity and earnings, while the dollar struggled with the drag from lower bond yields.MKTS/GLOB

WALL STREET

U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after Yum Brands YUM.N and other companies cited trade duties in their results or outlooks..N

GOLD

Gold prices edged lower on Wednesday due to a slightly firmer dollar, while investors held back from making big bets ahead of U.S. President Donald Trump's decision on appointments to the Federal Reserve.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

- Nedbank chief flags Reserve Bank-Treasury rift

NEWS24

- S&P flags fiscal risk as ANC party blasts central bank governor's inflation target cut

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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