June 24 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Thursday.
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EVENTS
PRETORIA – South African Reserve Bank’s quarterly bulletin. 0900 GMT
PRETORIA – Statistics South Africa releases producer inflation data for May. 0930 GMT
PRETORIA – South Africa’s Crop Estimates Committee releases summer crops 5th production forecast.
LUSAKA – Zambia’s Central Statistical Office releases June inflation data. 0830 GMT
GLOBAL MARKETS
Asian stocks firmed on Thursday, lifted by gain in miners on expectations Australia’s government would compromise on a controversial mining tax, while the U.S. dollar eased after the Federal Reserve said the economic recovery was faltering. [MKTS/GLOB]
SOUTH AFRICAN MARKETS
South African stocks fell to an 8-day low on Wednesday on fears a global economic recovery will be slow, and the rand gave up earlier gains on the dollar after inflation data which left the door open for an interest rate cut next month. [.J]
ADCOCK INGRAM AIPJ.J – will team up with Germany’s Merck Group AVUSA (AVUJ.J) – posted a 38 percent decline in full year headline earnings per share and said it expects benefits from recovering economy. [ID:nWEA7342] SASOL (SOLJ.J) – said operting profit improved further in the third quarter of its financial year. [ID:nWEA7357] GOLD XAU= Gold was flat to slightly firmer on Thursday as the Federal Reserve’s vow to keep interest rates low and uncertainty over the global economy underpinned investor appetite. [GOL/] WALL STREET U.S. stocks mostly fell in a volatile session on Wednesday after the Federal Reserve downgraded its assessment of the economic recovery as it vowed to keep cheap money flowing. [.N] EMERGING MARKETS For the top emerging markets news, double click on [nTOPEMRG] - – - - Some of the main stories out of the South African press: BUSINESS DAY - Policy confusion threatens food security – Ackerman - Gordham moots “new thinking” on jobs, growth - Hotel sector’s low end pulls in World Cup fans BUSINESS REPORT - Nxasana to fly SAfrica flag high at G20 THE STAR - Royal match for Charlene (Reporting by David Dolan)