South African Markets - Factors to watch on May 20
JOHANNESBURG, May 20 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday.
ECONOMIC EVENTS
April consumer price index ZACPIY=ECI
March retail sales ZARET=ECI
SOUTH AFRICAN MARKETS
South Africa's rand weakened on Tuesday as investors monitored developments in the Middle East after U.S. President Donald Trump paused a planned attack on Iran.
On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was last down 1%..JZAR/
GLOBAL MARKETS
Asian stocks fell for a fourth straight session on Wednesday as war-driven inflation fears hammered bonds, while investors awaited earnings from Nvidia to see whether the world's most valuable company might help markets navigate higher borrowing costs.MKTS/GLOB
WALL STREET
Wall Street's main indexes closed lower on Tuesday with the Nasdaq leading declines, after the benchmark 10-year Treasury yield climbed to its highest level in more than a year on mounting inflation concerns as oil prices stayed elevated and investors were anxious about the lack of a peace agreement between the U.S. and Iran..N
GOLD
Gold prices slipped on Wednesday to their lowest point in 1-1/2 months, as high Treasury yields and a firm dollar outweighed optimism over a potential U.S.-Iran peace agreement.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:
NEWS24
- Will Pick n Pay come back for more? Analysts weigh in after 4.7 billion rand ($281.40 million) Boxer bookbuild
($1 = 16.7022 rand)
