The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
- Standard Bank/Markit whole economy purchasing manager’s index for April. 0715 GMT
- Pharmacy chain Dis-Chem publishes earnings update.
South Africa’s rand strengthened on Thursday as the U.S. Federal Reserve avoided a hawkish tone at its latest monetary policy meeting, while stocks slipped.
Asian shares stepped back on Friday while the dollar ran into some profit-taking after a strong week of gains as financial markets turned their attention to looming U.S. payrolls data for fresh catalysts.
The S&P 500 ended lower on Thursday after a choppy session as disappointing earnings reports from several companies offset strong economic data.
Gold prices rose for a third straight session on Friday as the dollar slipped further from 2018 highs, while investors turned their focus to the upcoming U.S. jobs data for fresh catalysts.
Spot gold XAU= had risen by 0.2 percent to $1,313.46 per ounce by 0405 GMT, but was headed for a third consecutive weekly decline.
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Some of the main stories out in the South African press:
- Eskom poised for 12th chief executive.
- Coal miners next target for civil claims after silicosis victory.
- Indian car-maker Mahindra planning to build local assembly.