South African Markets - Factors to watch on Jan. 21
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Thursday.
Statistics South Africa is set to release retail sales data
for November at 0900 GMT, while the South African Reserve Bank
will announce its interest rate decision at 1300 GMT.
Retailer Massmart has published a 52-week trading
SOUTH AFRICAN MARKETS
South Africa's rand and stocks were boosted on Wednesday by
U.S. Treasury Secretary nominee Janet Yellen underscoring the
need for stimulus to help the world's largest economy recover
from the coronavirus pandemic.
Asian stocks rose to new record highs on Thursday, tracking
U.S. markets as investors hoped for more economic stimulus from
newly inaugurated U.S. President Joe Biden to offset damage
wreaked by the COVID-19 pandemic.
U.S. stocks closed at record highs on Wednesday as Joe Biden
was sworn in as the 46th U.S. president, while solid results
from Netflix sparked a rally in shares of "stay-at-home"
Gold rose to a two-week high on Thursday as the dollar eased
on hopes of further stimulus under the Joe Biden administration,
although bullion's gains were limited by some profit booking.
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- SA paying double rate for Covid vaccines from Serum
Institute of India
- PetroSA plans to cut a third of its jobs
- Wine exports improve on favourable weather despite
Covid-19 threat to vineyard production
© 2021 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.