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The week ahead: 5 - 9 June 2017
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The week ahead: 5 - 9 June 2017

 

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South African politics, while hot in the press, are not doing much to move markets it seems. The rand is a lot stronger, although this morning's strenght can be attribbuted to S&P and Fitch leaving rates unchanged. 

 

Internationally, the UK is on high alert following London bridge attack. ZAR/GBP to watch, possibly looking at it breaching the R16.30 mark.

 

The Middle East is facing its own share of drama after the Saudi Arabia, Bahrain, the UAE and Egypt severed ties with Qatar, citing the countries support for "terrorist" activity as the impetus behind the decision. Qata has refuted these claims, saying they're metirless and without a firm basis.

 

Events to diarise:

Monday, June 5

  • Astrapak annual results
  • Telkom annual results
  • Standard Bank release May PMI

Tuesday, June 6

  • Eastplats annual results
  • Stats SA releases Q1 GDP data

Wednesday, June 7

  • Sanlam AGM
  • Reserve Bank releases May gold and forex reserves data

Thursday, June 8

  • Peregrine Holdings annual results;
  • Stats SA releases April mining production and manufacturing production data

Friday, June 9

  • Marshall interim results
  • Anchor Group AGM
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