JOHANNESBURG, May 8 (Reuters) – The following scheduled economic events, equity and currency market moves may affect South African markets on Thursday.
ECONOMIC EVENTS
South Africa’s foreign reserves as at end-April.
March manufacturing output.
SOUTH AFRICAN MARKETS
The South African rand slipped on Wednesday as investors took profits after a strong run against the dollar.
GLOBAL MARKETS
Shares in Asia firmed on Thursday after U.S. President Donald Trump flagged a first trade deal in his global tariff war, while the dollar tried to hold overnight gains as markets pushed out the chance of near-term rate cuts.
WALL STREET
U.S. stocks advanced on Wednesday in choppy trading, buoyed as semiconductor stocks rallied late on a report that regulations on artificial intelligence chips would be loosened.
GOLD
Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labour market risks fuelling economic uncertainty, while investors awaited the outcome of the U.S.-China trade talks this weekend.
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Some of the main stories out in the South African press:
BUSINESS DAY
– Funding for Anglo’s 70 billion rand coal deal on hold
FIN 24
– Gas users face hurdle to secure LNG imports
(Compiled by Sfundo Parakozov)
