Sunday, May 31, 2026

South African Markets - Factors to watch on June 1

 

The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

May Absa Manufacturing Sector Purchasing Managers Index

May Car sales

Foreigners' trading in South African bonds and equities

Treasury bill auction

COMPANIES

South Africa's Tiger Brands reports marginal rise in half-year earnings

SOUTH AFRICAN MARKETS

The South African rand was steady on Friday as markets reviewed a range of domestic data for clues on the health of Africa's most industrialised economy.

On the Johannesburg Stock Exchange, the Top-40 index SA40 was steady.

GLOBAL MARKETS

Asian share markets firmed on Monday as the boom in all things AI continued to drive demand, offsetting a lack of progress in Gulf peace talks that challenged optimism on a re-opening of the Strait of Hormuz and lifted oil prices.

WALL STREET

Wall Street's main indexes hit record closing highs on Friday and posted weekly and monthly gains as Dell results drove tech shares higher, while investors awaited details on a potential U.S.-Iran deal.

GOLD

Gold inched lower on Monday, pressured by a stronger dollar and rising crude oil prices, as investors awaited U.S. President Donald Trump's decision on a proposed deal to extend the ceasefire with Iran.

$4000 at risk: Gold sellers refuse to give up amid hot US inflation, Mideast tensions

  Gold pauses its recovery from seven-month lows of $4,024 in Wednesday’s Asian trading, after facing fresh offers above the $4,100 level. G...