South African Markets - Factors to watch on August 3
SPY•Global markets
Oil prices skidded and stocks wobbled on Monday as hopes of a peace deal in the Middle East grew, while the yen jumped suddenly again after the U.S. and Japan confirmed joint intervention to prop up the frail currency.
Wall Street and gold
Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors.
Gold rose on Monday as oil prices fell after U.S. President Donald Trump held off on fresh attacks on Iran in hopes of a swift deal, slightly easing concerns over inflation and higher interest rates.
Scheduled economic events
The following scheduled economic events, equity and currency market moves may affect South African markets on Monday.
- July vehicle sales
- Absa manufacturing sector PMI
- Foreigners' trading in South African bonds and equities
- South African Treasury bill auction
South African press stories
Some of the main stories out in the South African press:
- Business Day: Ramaphosa backs Eskom asset split amid mounting municipal debt
