The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
- Oceana Group reports full-year results.
South Africa’s rand firmed on Thursday, bucking a risk-off trend in global markets, but equities were pulled lower on weak Chinese data and doubts about whether Beijing and Washington will reach a trade deal anytime soon.
Asian stocks jumped on Friday, propelled by a record S&P 500 finish and White House comments suggesting Washington and Beijing were close to striking a trade deal, reviving hopes the tariff war may near an end.
The benchmark S&P 500 stock index posted a slim gain to end with a record closing high on Thursday, as a dour forecast from tech stalwart Cisco Systems was offset by a strong report from big box retailer Walmart.
Gold prices fell on Friday as risk appetite was whetted by comments from White House economic adviser Larry Kudlow that the United States is nearing an interim trade pact with China.
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Some of the main stories out in the South African press:
- SAA strike starts today, says unions
- Cement producers lobby for protection
- Sappi to halt dividend as profits slump 34.68% (Compiled by Olivia Kumwenda-Mtambo)