ARM: 17,900 0 (0.00%)
South African Markets - Factors to watch on March 4
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Monday.
- Bidvest Group says half-year headline earnings
per share up 9.6 percent to 629.1 cents per share.
- RCL Foods reports half-year headline earnings per
share of 54.8 cents.
- Stadio Holdings reports full-year
SOUTH AFRICAN MARKETS
The South African rand extended losses against a stronger
dollar on Friday, after breaching the 14.00 to the dollar mark
in the previous session, as doubts over the fate of a U.S.-China
trade deal curbed appetite for risk.
Stocks got a boost from relatively upbeat results from
property firm Hyprop Investment Ltd, drinks maker
Distell Group and African Rainbow Minerals
Asian shares started the week on the front foot on signs the
United States and China were close to striking a tariff deal to
end their protracted trade war while the dollar eased as traders
wagered Federal Reserve policy would remain
The S&P 500 and the Dow Jones Industrial Average snapped a
three-day run of losses on Friday as optimism about the
prospects for a U.S.-China trade agreement countered downbeat
U.S. and China manufacturing data.
Gold prices edged higher on Monday, after falling below the
critical $1,300 level to their lowest since Jan. 25 in the
previous session, as the dollar softened on prospects of a trade
deal between China and the United States.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- NPA says it is ready to face Zuma in court
- Edcon CEO: focus is now on fixing the business
- Alexander Forbes is facing a 'de facto' takeover
(Compiled by Olivia Kumwenda-Mtambo)
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