South African Markets Factors To Watch On August 19

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south african markets factors to watch on august 19

SOUTH AFRICAN MARKETS

The South African rand edged lower on Monday, with the main focus this week on domestic inflation numbers, while investors also eyed geopolitical developments which could influence the risk-sensitive local currency.

On the stock market, the Johannesburg Stock Exchanges Top-40 .JTOPI index was last down 0.7.

GLOBAL MARKETS

Stocks in Asia were flat and oil slid on Tuesday before a key meeting of central bankers and as traders evaluated promising diplomatic signals toward ending hostilities between Russia and Ukraine.

WALL STREET

Wall Streets main indexes closed roughly flat on Monday, after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserves annual symposium in Jackson Hole.

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