AFROX: 2,216 0 (0.00%)
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.
- 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.
- 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
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
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 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
For the top emerging markets news, double click on
- - - -
Some of the main stories out in the South African press:
- 'Zuma spy' bashes DA case
- South Africa's growth factor is still in contraction
(Compiled by Olivia Kumwenda-Mtambo)
© 2019 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.