South African Markets - Factors to watch on June 12

- The following scheduled economic event, equity and currency market moves may affect South African markets on Friday.


ECONOMIC EVENTS

Inflation-linked bond auction


SOUTH AFRICAN MARKETS

The South African rand gained on Thursday as the U.S. dollar wavered, while renewed strikes by Iran and the United States and higher oil prices kept broader risk appetite subdued.

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was last up 0.5%..JZAR/


GLOBAL MARKETS

Asian stocks joined a global rally on Friday on hopes a Middle East peace deal may finally materialise, while the dollar and bond yields dropped and oil prices fell to two-month lows, tempering inflation fears.MKTS/GLOB


WALL STREET

U.S. stocks ended sharply higher on Thursday, with indexes extending gains after U.S. President Donald Trump said he canceled planned strikes against Iran, and on the eve of the market debut of Elon Musk's SpaceX..N


GOLD

Gold prices fell on Friday and were on track for a weekly loss, pressured by concerns around inflation and potential U.S. Federal Reserve interest rate hikes.GOL/


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


BUSINESS DAY

- IDC weighs bid for South32 stake in shuttered Mozal smelter

- Luno warns stablecoin rules could leave SA behind


NEWS24

- Bio-jet fuel prospects may offer PetroSA's refinery a new future

- Alexforbes to woo retail investors to balance out its assets