European stocks, US futures edge higher

Bloomberg  

European stocks edged higher with US futures following a mixed session in Asia as investors looked to earnings and policymakers for the rally’s next catalyst.

Treasuries drifted and the dollar strengthened.

The Stoxx Europe 600 Index climbed for a third straight session, pulled higher by health care shares.

Futures on the S&P 500 Index also nudged up after the US benchmark ended Monday at a record.

Japanese shares dipped as traders returned from a holiday while South Korean stocks advanced. The pound fell for a second day after both UK prime ministerial candidates said they would seek to remove the Irish border backstop plan from any Brexit deal with the European Union. Oil held below $60 a barrel as US output returned after storm Barry was downgraded.

EOH to approach police after probe finds evidence of theft, bribery

Stephen van Coller, the CEO of ICT group EOH, said on Tuesday that an internal probe had revealed that "about eight" people had been involved in a "suspicious transaction" totalling R1.2bn between 2014 and 2017.

Coller was giving an update on the findings on the first part of a forensic probe by law firm ENSafrica into possible fraudulent transactions involving the gro

Economists say SA Reserve Bank rate cut likely

Economists are expecting the SA Reserve Bank’s Monetary Policy Committee to this week announce a reduced repo rate for the first time since March 2018. 

The central bank's recently reappointed governor Lesetja Kganyago is set to announce the repo rate on Thursday in Pretoria at 15:00.