South African Markets - Factors to watch on June 6

Reuters
2025/06/06
South African Markets - Factors to watch on June 6

JOHANNESBURG, June 6 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.

ECONOMIC EVENTS

South Africa's foreign reserves as at end-May ZAFXRS=ECI

Inflation-linked bond auction

COMPANIES

Mr price full-year results MRPJ.J

The Foschini Group full-year results TFGJ.J

SOUTH AFRICAN MARKETS

The South African rand strengthened on Thursday, helped by better-than-expected current account data.

The Johannesburg Stock Exchange's Top-40 index .JTOPI was last up about 0.8%..JZAR/

GLOBAL MARKETS

Asian shares were subdued on Friday as investors hunkered down for the all-important payrolls report, while Tesla suffered huge losses on the very public feud between President Donald Trump and billionaire Elon Musk.MKTS/GLOB

WALL STREET

Wall Street's stock indexes ended lower on Thursday in choppy trade as a slump in Tesla shares offset news of progress in tariff talks between U.S. President Donald Trump and Chinese leader Xi Jinping..N

GOLD

Gold rose on Friday and was set for weekly gains, as a spate of soft U.S. economic data outweighed initial optimism over U.S. President Donald Trump's call with his Chinese counterpart Xi Jinping, while investors awaited U.S. payroll data.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

- Steenhuisen announces first mass vaccination of SA poultry

- SA Reit market cap tops R250bn for first time since 2020

FIN 24

- Crisis-hit Daybreak's IT services suspended over nonpayment

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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