AFROX:  2,216   0 (0.00%)  25/04/2019 00:00

South African Markets - Factors to watch on March 6

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.

ECONOMIC EVENTS

- South Africa's central bank governor Lesetja Kganyago speaks at public lectures in Cape Town.

- The South African Chamber of Commerce and Industry's (SACCI) monthly business confidence index due at 0930 GMT.

COMPANIES

- African Oxygen says full-year HEPS down 23 percent to 154.9 Cents.

SOUTH AFRICAN MARKETS

South Africa's rand firmed on Tuesday after data showing an economic recovery from a recession continued in the fourth quarter of last year, albeit at a slower rate.

Stocks weakened as the GDP figure was below market expectation.

GLOBAL MARKETS

Asian stocks held their ground on Wednesday as Chinese equities soared on stimulus hopes, although a resurgence in regional tensions capped broader gains with North Korea opting to restore part of a missile test site it had began dismantling earlier.

WALL STREET

Wall Street's main indexes dipped in a choppy session on Tuesday as a drop in General Electric shares countered positive retailer earnings and investors eyed a key resistance level for the benchmark S&P 500 after the market's strong run.

GOLD

Gold prices steadied on Wednesday, after recovering from a more than five-week low in the previous session, lifted by a pause in global equities rally, while a firm dollar curbed further gains.

EMERGING MARKETS

For the top emerging markets news, double click on

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Some of the main stories out in the South African press:

BUSINESS DAY

- 'Zuma spy' bashes DA case

BUSINESS REPORT

- South Africa's growth factor is still in contraction (Compiled by Olivia Kumwenda-Mtambo)

2019-03-06 07:26:53

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