(REUTERS) The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.
SOUTH AFRICAN MARKETS
South Africa’s rand weakened on Friday as strong U.S. employment data kept emerging market currencies on the back foot with investors betting the Federal Reserve remains on track to raise interest rates at least once this year. Stocks fell as gold and platinum mining shares weakened.
Asian stocks rose on Monday thanks to a robust Wall Street performance at the end of last week, while the U.S. dollar extended gains made after much stronger than expected June employment data.
Wall Street stocks closed on a high note Friday, with the S&P 500 index posting its best gain in six sessions on the heels of a U.S. payrolls report that gave investors more confidence in the strength of the U.S. economy.
Gold inched lower on Monday as the dollar steadied and as Asian equities firmed following stronger-than-expected U.S. jobs data late last week that reinforced expectations of another interest rate hike in the United States.
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Some of the main stories out in the South African press:
– IDC faces 90 mln rand loss as Guptas’ Oakbay delists
– ANC body asked Zuma to quit
– Taxi industry’s new targets
– JSE restructuring will shed 14 pct of its work force within two years