South African Markets - Factors to watch on July 24

Reuters
24 Jul
South African Markets - Factors to watch on July 24

JOHANNESBURG, July 24 (Reuters) - The following equity and currency market moves may affect South African markets on Thursday.

SOUTH AFRICAN MARKETS

The South African rand strengthened on Wednesday as inflation rose only modestly, keeping the central bank on track to continue cutting interest rates, while the local stock market scaled a new record high. .JZAR/

GLOBAL MARKETS

Stocks in Asia extended gains on Thursday as optimism on Wall Street over trade deals and corporate earnings shored up investor confidence across the region, while the euro was steady ahead of European Central Bank policy meeting. MKTS/GLOB

WALL STREET

The S&P 500 and Nasdaq notched record high closes on Wednesday, lifted by Nvidia and GE Vernova, as the European Union and the U.S. appeared headed toward a trade deal similar to an agreement President Donald Trump struck with Japan. .N

GOLD

Gold prices fell further on Thursday, as easing trade tensions dented demand for safe-haven assets, overshadowing support from a weaker dollar. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

(Compiled by Alexander Winning)

((alexander.winning@tr.com))

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