South African Markets - Factors to watch on July 4

Reuters
04 Jul
South African Markets - Factors to watch on July 4

JOHANNESBURG, July 4 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Friday.

ECONOMIC EVENTS

Inflation-linked bond auction

SOUTH AFRICAN MARKETS

The South African rand gained on Thursday on optimism among global investors about trade negotiations with the U.S. after the country signed a trade deal with Vietnam, fuelling hopes of more such deals ahead of a July 9 deadline set by Washington.

The Johannesburg Stock Exchange's Top-40 index .JTOPI closed up 0.2%..JZAR/

GLOBAL MARKETS

Most Asian equity markets struggled on Friday, despite record highs for Wall Street overnight, as U.S. President Donald Trump's deadline for trade deals loomed next week. MKTS/GLOB

WALL STREET

Wall Street rallied on Thursday to record closing highs, as chipmaker Nvidia rose closer to a $4 trillion valuation and a surprisingly strong U.S. jobs report cheered investors, who shrugged off dimming chances for an interest rate cut this month. .N

GOLD

Gold rose on Friday, poised for a weekly gain as investors sought safe-haven assets after the passage of U.S. President Donald Trump's tax-cut and spending bill in Congress raised fiscal concerns. 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

- Blind spot in SA's 'opaque' gold trade data flagged by foreign NGO

- SA banks are in an expansionary phase, says S&P

NEWS24

- South Africa to roll out the red carpet for Austria at the Union Buildings

- Red meat prices surge amid panic buying as foot-and-mouth spreads

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10