The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.
MTN FY results
Exxaro Resources FY results
Aspen HY results
Sanlam FY results
HomeChoice FY results
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Rand weakened on Wednesday along with other emerging markets as investors dumped risky assets after a key free trade advocate in the White House resigned, fanning fears U.S. President Donald Trump will trigger a trade war.
Asian shares found relief on Thursday as fears about a global trade war amid U.S. President Donald Trump’s push to introduce protectionist tariffs were tempered by signs the move could include carve-outs for key partners.
The S&P 500 ended slightly lower after Wednesday’s volatile session as investors struggled to get a read on U.S. trade policy after President Donald Trump promised hefty import tariffs but then said Mexico and Canada could be exempt.
Gold prices held steady on Thursday as investors awaited more details on U.S. President Donald Trump’s proposed steel and aluminium tariffs, the outcome of the European Central Bank’s policy meeting, and U.S. jobs data.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- MMI cans dividend to buy back shares
- Poll shows DA support in doldrums
- BMW guns for shipping cartels
- Rand Merchant concerned about structural imbalances (Compiled by Joe Brock)