South African Markets - Factors to watch on May 29

Reuters
05-29
South African Markets - Factors to watch on May 29

JOHANNESBURG, May 29 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Thursday.

ECONOMIC EVENTS

South African central bank interest rate announcement ZAREPO=ECI

April producer inflation data ZAPPIY=ECI, ZAPPI=ECI

SOUTH AFRICAN MARKETS

The South African rand was steady on Wednesday, a day ahead of the central bank's interest rate decision.

On the stock market, the Top-40 index was up 0.2%. .JZAR/

GLOBAL MARKETS

Asian shares and Wall Street futures jumped in Asia on Thursday after a U.S. federal court blocked President Donald Trump's "Liberation Day" tariffs from going into effect, sending the dollar up. MKTS/GLOB

WALL STREET

U.S. stock indexes closed lower on Wednesday as investors digested minutes from the last Federal Reserve meeting and shares of chip designers fell in late trading. .N

GOLD

Gold touched a more than one-week low on Thursday after a U.S. federal court blocked President Donald Trump's "reciprocal tariffs", dampening the metal's safe-haven allure, while a robust dollar further pressured prices of the precious metal.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

- Investec’s lofty growth plans could add R18bn in revenue, says Bank of America

- ANC’s survival at the mercy of the courts as DA challenges its transformation laws

FIN 24

- ‘Tough’ talk as Mantashe and miners prepare to face off over new bill

- Chinese automakers may be keen to buy Nissan’s SA plant, says economist

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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