The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday.
South Africa’s Treasury auctions long-term bond notes
Mining production data for February
Capitec declared an annual dividend of 1,600 cents ($1.10) per share and reported a 27% decline in full-year profit Tuesday.
SOUTH AFRICAN MARKETS
South Africa’s rand recovered from initial losses on Monday on the back of a weaker dollar as traders awaited crucial U.S. inflation and retail sales data in coming days.
The Johannesburg All-share index was down 1.19%, while the Top-40 index fell 1.28%.
Asian stocks markets were broadly positive Tuesday after China’s exports grew at a strong pace during March and imports rebounded giving investors heart that domestic demand is improving as part of the recovery from the pandemic.
The S&P 500 and Dow Jones industrial average ended lower on Monday, with investors waiting for cues from the upcoming corporate earnings season and a key inflation report later this week.
Gold prices were flat on Tuesday as market participants kept to the sidelines ahead of U.S. inflation data that is expected to shed more light on recovery in the world’s largest economy.
For the top emerging markets news, double click on
– – – –
Some of the main stories out in the South African press:
– Treasury starts to wind down ‘ineffective’ Covid-19 loan scheme
– Naspers staying out of bitcoin market for now
(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html