South African Markets -Factors to watch on June 20

Reuters
Jun 20, 2025
South African Markets -Factors to watch on June 20

JOHANNESBURG, June 20 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Friday.

ECONOMIC EVENTS

South African inflation-linked bond auction

SOUTH AFRICAN MARKETS

The South African rand fell on Thursday, weighed down by risk-off sentiment as the Israel-Iran conflict continued into a seventh day.

The Johannesburg Stock Exchange's Top-40 index .JTOPI traded 0.3% lower. .JZAR/

GLOBAL MARKETS

Share markets in Asia struggled for direction on Friday as fears of a potential U.S. attack on Iran hung over markets, while oil prices were poised to rise for a third straight week on the escalating Israel-Iran conflict. MKTS/GLOB

WALL STREET

The S&P 500 ended nearly flat on Wednesday, giving back earlier gains after Federal Reserve Chair Jerome Powell said inflation in goods prices is expected to go up over the summer as U.S. President Donald Trump's tariffs work their way to consumers. .N

Most U.S. markets - including Wall Street and the Treasury market - were closed on Thursday for a public holiday.

GOLD

Gold prices fell on Friday and were on track for a weekly decline, as an overall stronger dollar and the prospect of fewer U.S. interest rate cuts offset support from rising geopolitical risks in the Middle East.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

- Health activists pressure Gilead to drop price of anti-HIV jab

- Toyota's Japanese insurer sues SA for R6.5bn over 2022 flood damage

FIN 24

- Two-pot gives SA a R15bn fiscal boost as almost 500k double-dip

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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