Friday June 26, 07:17 AM
South African Markets - Factors to watch on June 26
JOHANNESBURG, June 26 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
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GLOBAL
MARKETS
Asian share markets rose on Friday, as higher oil and metals prices boosted resource stocks, while the dollar fell as investors, growing slightly more confident, gingerly shifted some funds back into riskier assets.
The MSCI index of Asian stocks excluding Japan climbed 1.5 percent to 322.92, although remains below the eight-month highs seen at the start of June, while Japan's Nikkei (news) was up just 0.2 percent.
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SOUTH AFRICAN MARKETS
South African stocks fell on Thursday and bonds weakened, partly rattled by an unexpected central bank decision to leave interest rates unchanged, but the rand recouped some of its earlier losses against the dollar.
At 1546 GMT, the rand traded 0.46 percent firmer at 8.01 against the dollar compared to Wednesday's close at 8.05.
The JSE Top-40 index fell 1.25 percent to 19,966.04 points, while the broader All-share index dropped 1.05 percent to 22,156.17 points.
For Friday's South African financial markets closing report, double click on
GOLD
Gold prices inched above $940 to a near one-week high, as firmer oil prices supported bullion's appeal as a potential hedge against oil-led inflation.
Spot gold rose to a high of $942.50 per ounce, up 0.4 percent from New York's notional close of $938.55, and near a one-week high.
For the latest precious metals report, double click on
WALL STREET
U.S. stocks rallied on Thursday as investors were relieved Fed Chairman Ben Bernanke withstood a barrage of pointed questions from Congress on the Bank of America (NYSE: IKJ - news) -Merrill Lynch (NYSE: MER - news) deal relatively unscathed.
The Dow Jones industrial average jumped 172.54 points, or 2.08 percent, to 8,472.40, snapping a four-day losing streak. The Standard & Poor's 500 Index gained 19.32 points, or 2.14 percent, to 920.26. The Nasdaq Composite Index advanced 37.20 points, or 2.08 percent, to 1,829.54.
For the New York stock market report, double click on
EMERGING MARKETS
For the top emerging markets news, double click on
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Some of the main stories out of the South African press:
BUSINESS DAY
- Mboweni resists pressure by holding rates firm
- Trade watchdog raids cement producers
- The National Energy Regulator to set new terms for Eskom hikes
- Xstrata (LSE: XTA.L - news) bid 'must benefit country'
BUSINESS REPORT
- Bank holds rates firm on inflation fear
- Competition Commission raids cement makers
- Avusa profit up 7 percent even as it sheds jobs
THE STAR
- Michael Jackson dead
(Reporting by Tiisetso Motsoeneng) (For full Reuters Africa coverage and to have your say on the top issues, visit: http://af.reuters.com) Keywords: MARKETS SAFRICA FACTORS/
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