The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
South Africa’s rand weakened on Thursday as demand for emerging currencies continued to ebb due to growing concerns over the impact of the coronavirus on the global economy.
Asian stocks struggled to extend gains on Friday and were on course to end the week lower as deteriorating U.S.-China relations undercut optimism over the reopening of major economies.
Wall Street surged on Thursday as investors weighed the prospect of economic recovery against bellicose remarks from President Donald Trump regarding U.S.-China trade and a whistleblower’s dire warnings about the U.S. response to the coronavirus pandemic.
Gold rose on Friday to trade below a three-week high reached in the previous session, as cracks widened in Sino-U.S. relations and investors worried a recovery from coronavirus-induced economic slump would be slower than expected.
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- More than 3.5-million apply for temporary Covid-19 relief grant in three days
- Ebrahim Patel makes a U-turn on e-commerce