South African Markets - Factors to watch on Sept 2
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On Sept 2, 2024, South Africa's Johannesburg Stock Exchange will release data on foreign bond and stock transactions from the previous week; the government will hold its weekly Treasury bill auction; the manufacturing sector's purchasing managers' index for August will be published; RCL Foods reported a 31% increase in full-year profit; Transnet will release its full-year financial results; AVI Ltd will report its full-year results. The rand remained stable against the dollar, which was buoyant, and the Top-40 index closed down 0.64%. Wall Street saw a rise with the Dow reaching an all-time high, influenced by expectations of a modest interest rate cut by the Federal Reserve in September. Gold prices dipped as the dollar strengthened, with investors awaiting U.S. jobs data.

#SouthAfrica #Economy #StockMarket #TreasuryBills #RclFoods #Transnet #AviLtd #Rand #GoldPrices #FederalReserve

https://www.cnbcafrica.com/2024/south-african-markets-factors-to-watch-on-sept-2/ 

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