South African Markets - Factors to watch on August 28

Reuters
Aug 28
South African Markets - Factors to watch on August 28

JOHANNESBURG, Aug 28 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday.

ECONOMIC EVENTS

July producer inflation ZAPPIY=ECI figures

COMPANIES

Harmony Gold's annual profit jumps on record-high bullion prices

Impala Platinum restores dividend despite 70% profit plunge

Sibanye Stillwater half-year results

SOUTH AFRICAN MARKETS

The South African rand slipped on Wednesday as the dollar made a tentative rebound, while concerns lingered over the independence of the U.S. Federal Reserve.

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was last down 0.4%..JZAR/

GLOBAL MARKETS

Asian stocks experienced a volatile session on Thursday as worries over the outlook for artificial intelligence bellwether Nvidia's NVDA.O China business hit its regional suppliers, while igniting outsized gains in its Chinese rivals. MKTS/GLOB

WALL STREET

The S&P 500 notched a record high close on Wednesday ahead of quarterly results from Nvidia, Wall Street's most closely watched event this week, which will test the rally that has pushed valuations of AI-related companies to levels that some investors view as too high..N

GOLD

Gold held firm near a more than two-week peak on Thursday, supported by a weaker dollar and U.S. interest rate cut prospects as market participants awaited U.S. inflation data due this week.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

- SA urges EU to reconsider CBAM, citing concessions made to US

- South32 bets big on Hermosa after doubling headline earnings

- Record canola harvest reinforces SA’s status as net exporter

(Compiled by Sfundo Parakozov and Anathi Madubela)

((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