South African Markets – Factors to watch on May 8 | Markets


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

ECONOMIC EVENTS

– South African Reserve bank publishes April foreign currency and gold reserve. 0600 GMT

COMPANIES

– No major releases.

SOUTH AFRICAN MARKETS

South Africa’s rand weakened on Monday, tracking the euro and other emerging market currencies as the dollar’s recent rally was reignited by renewed bets of higher lending rates. Stocks ended higher, led by financials and retailers.

GLOBAL MARKETS

Oil prices eased slightly on Tuesday, a day after hitting 3-1/2 year highs, as investors braced for President Donald Trump’s decision on whether to withdraw the United States from the Iran nuclear deal, a move that could…

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