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South African Markets - Factors to watch on Sept. 4
September 4, 2017 / 5:57 AM / 3 months ago

South African Markets - Factors to watch on Sept. 4

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

SOUTH AFRICAN MARKETS

South Africa’s rand raced to its firmest in more than a month on Friday as traders eased their dollar holdings and bought the local currency after the United States reported weaker than expected employment growth.

GLOBAL MARKETS

The Japanese yen, gold and sovereign bonds all rose on Monday as North Korea’s latest nuclear test provoked the usual knee-jerk shift to safe havens, though equity losses were modest amid expectations the flare-up would prove fleeting.

WALL STREET

U.S. equity index futures dipped at the open on Sunday, as stock traders showed caution following news that North Korea had escalated diplomatic tensions by conducting what it said was a test of a hydrogen bomb.

GOLD

Gold prices hit their highest in nearly 10 months on Monday after North Korea’s latest and most powerful nuclear test drove investors towards safe-haven assets.

EMERGING MARKETS

For the top emerging markets news, double click on

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Some of the main stories out in the South African press:

BUSINESS DAY

- Gigaba set to appoint new Treasury chiefs

- Shock CEO news hits Pioneer Food Group

BUSINESS REPORT

- Policy directive for clean energy (Compiled by Tiisetso Motsoeneng)

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