South African Markets - Factors to watch on May 12

Kitco Media
By Reuters
Published:
Updated:
Reuters
JOHANNESBURG, May 12 (Reuters) - The following economic events, company announcements, equity and currency market moves may affect South African markets on Friday.


ECONOMIC EVENTS Inflation-linked bond auction Treasury bill auction


COMPANIES AngloGold Ashanti shifts its primary listing to New York. SOUTH AFRICAN MARKETS A sell-off in the South African rand and bonds gathered pace on Thursday, as news reports that South Africa had provided arms to Russia spooked investors already concerned about the economic impact of crippling power cuts. GLOBAL MARKETS Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from U.S. and China magnified concerns of a global slowdown, although Japanese stocks outperformed. WALL STREET The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co as it lost subscribers, while PacWest led declines in regional banks after posting a drop in deposits. GOLD Gold prices ticked down on Friday as the dollar held firm, although persistent economic fears and the U.S. debt ceiling standoff cushioned bullion's further decline. EMERGING MARKETS For the top emerging markets news, double click on - - - -


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


BUSINESS DAY - Pretoria imperils US trade largesse as ambassador accuses SA of aiding Russia - Rand and Eskom to keep Reserve Bank in mood to hike rate


FIN 24 - Ramaphosa tells MPs that a power ship is the immediate priority (Compiled by Alexander Winning)

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