South African Markets - Factors to watch on Aug 19
JOHANNESBURG, Aug 19 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.
Inflation-linked bond auction
T bill auction
Standard Bank SBKJ.J interim results
SOUTH AFRICAN MARKETS
The South African rand fell on Thursday, extending the previous day's losses, as the dollar bounced on investor uncertainty surrounding the pace of interest rate hikes by the U.S. Federal Reserve.
Asian shares were left in limbo on Friday while the U.S. dollar made all the running as recession clouds gathered over Europe and highlighted the relative outperformance of the U.S. economy.
U.S. stocks ended higher on Thursday as an upbeat sales forecast from Cisco Systems helped to lift the technology sector, while data showed the economy remained relatively strong.
Gold prices slipped to a three-week low on Friday and were set for their first weekly drop in five, as a stronger dollar and prospects of more rate hikes by the U.S. Federal Reserve dented bullion's appeal.
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Some of the main stories out in the South African press:
- Treasury to allocate 30% more to build infrastructure
- Godongwana says he will step aside if charged
- Europe is ravenous for SA coal, and Exxaro is coming up with new ways to export
- Municipal debt to Eskom surged by R5 billion in just four months (Compiled by Alexander Winning)
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