South African Markets - Factors to watch on May 14

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


ECONOMIC EVENTS

March mining output ZAMNG=ECI


SOUTH AFRICAN MARKETS

The South African rand edged higher on Wednesday, as investors awaited developments from a meeting between U.S. President Donald Trump and China's Xi Jinping in Beijing..JZAR/

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was last up 1%.


GLOBAL MARKETS

Stocks rose on Thursday, powered by AI fervour that pushed South Korea's SK Hynix to the brink of joining the trillion-dollar club, while the spotlight was firmly on a high-stakes summit between U.S. President Donald Trump and China's Xi Jinping.MKTS/GLOB


WALL STREET

The S&P 500 and the Nasdaq gained ground on Wednesday with a boost from artificial intelligence-related tech shares, which helped markets look past hotter-than-expected inflation data and the growing probability that the Federal Reserve will hold to its restrictive monetary policy for the foreseeable future..N


GOLD

Gold prices ticked up on Thursday, supported by a weaker dollar, as investors focused on talks between U.S. President Donald Trump and Chinese President Xi Jinping, and looked for signs of progress in the Iran war.GOL/


EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

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


BUSINESS DAY

- Sars aims to collect R44bn from avoiders with state contracts

- ANALYSIS | Data centre boom leaves commercial landlords selling land, not leases


NEWS24

- Historic Breede River floods leave top wine farms underwater