The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.
SOUTH AFRICAN MARKETS
South Africa’s rand rallied to its best in 15 months on Thursday, extending gains from the previous session supported by strong risk appetite and positive local retail sales data.
The FTSE/JSE all-share index closed 0.02% higher at 67,823 points. The JSE’s bluechip index slipped 0.01% to end at 72,080 points.
A batch of Chinese and U.S. economic data helped underpin global stocks near record highs on Friday, as investors priced in a solid global recovery from the coronavirus-induced slump.
The Dow industrials closed above 34,000 for the first time on Thursday as the blue-chip benchmark and S&P 500 posted fresh record highs on a tech stock rally fuelled by falling bond yields and strong March U.S. retail sales
Gold held steady near a more than one-month high on Friday, en route to its second straight weekly gain, boosted by a drop in U.S. Treasury yields and a weaker dollar.
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Some of the main stories out in the South African press:
– Eskom wins court relief in Econ Oil battle over 14 billion rand contract
– African Bank names Kennedy Bungane as its new CEO
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