September 5, 2017 / 6:19 AM / 3 months ago

South African Markets - Factors to watch on Sept. 5

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

SOUTH AFRICAN MARKETS

The rand weakened slightly against the dollar on Monday ahead of second-quarter GDP numbers and as safe-haven assets gained after a nuclear test by North Korea; but stocks were weaker.

GLOBAL MARKETS

Asian shares were on the defensive on worries about North Korea but expectations that Beijing will maintain support for its economy ahead of a key congress supported Chinese stocks and copper prices.

WALL STREET

U.S. stock index futures were modestly lower on Monday, paring losses from Sunday after North Korea said it conducted a hydrogen bomb test.

GOLD

Gold prices edged up on Tuesday, hovering around their highest levels in nearly a year, as North Korea’s most powerful nuclear test to date underpinned haven demand for the precious metal.

EMERGING MARKETS

For the top emerging markets news, double click on

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

BUSINESS DAY

- AfriSam submits new PPC proposal

- PetroSA signs $400 million deal with Russia’s Rosgeo

BUSINESS REPORT

- Woolworths chairman lets rip about Zuma (Compiled by Tiisetso Motsoeneng)

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