South African Markets - Factors to watch on May 19

Reuters
19 May
South African Markets - Factors to watch on May 19

JOHANNESBURG, May 19 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

Foreigners' trading in bonds and equities last week

Treasury bill auction

COMPANIES

South Africa's Vodacom full-year results VODJ.J

Majority union at Transnet may announce plans to strike

SOUTH AFRICAN MARKETS

South Africa's rand eased from its strongest level in five months on Friday, a day after a minister said that a new inflation-targeting plan was imminent.

On the stock market, the Top-40 .JTOPI index was up 0.2%..JZAR/

GLOBAL MARKETS

Asian shares slipped on Monday as a mixed bag of Chinese economic data showed the domestic economy was struggling even as U.S. tariffs began to bite into exports, while the White House kept up its rhetorical pressure on trade partners.MKTS/GLOB

WALL STREET

Wall Street's main indexes rose on Friday for their fifth straight day, buoyed by the U.S.-China tariff truce earlier in the week even as economic survey data showed a deterioration in consumer sentiment. .N

GOLD

Gold prices climbed on Monday as a softer dollar and renewed trade tensions, following U.S. Treasury Secretary Scott Bessent's reaffirmation of President Donald Trump's tariff threats, fuelled safe-haven demand.GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

- - - -

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

BUSINESS DAY

- Smooth sailing expected for Budget 3.0

- Moody’s puts Transnet on notice

FIN 24

- Big Budget 3.0 squeeze: Will debt costs end up swallowing 30% of tax?

- Sasol faces make-or-break moment amid investor fatigue

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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