JOHANNESBURG, May 16 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.
ECONOMIC EVENTS
S&P Global scheduled to review South Africa's rating
Inflation-linked bond auction
Majority union at Transnet may announce plans to strike
SOUTH AFRICAN MARKETS
South Africa's rand firmed on Thursday, after a deputy finance minister indicated that a lower inflation target could be introduced soon, analysts said. .JZAR/
GLOBAL MARKETS
Asian stocks were ending a strong week on a softer note on Friday as the euphoria over U.S.-China trade talks faded, while revived bets for policy easing in the United States sparked a rally in beaten-down bond markets. MKTS/GLOB
WALL STREET
Wall Street stocks ended mixed on Thursday, with gains in Cisco Systems following an upbeat forecast, while UnitedHealth tumbled after a report of a criminal investigation into the insurer. .N
GOLD
Gold prices dropped on Friday and were poised for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset. 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
- Bloisi takes Prosus M&A spending beyond 100 billion rand
- Government not aware of US move to halt G20 work with SA
(Compiled by Alexander Winning)
((alexander.winning@tr.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.