JOHANNESBURG, April 19 – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.
Retailer Steinhoff said on Monday it would seek creditor approval to list its discount variety retailer Pepco Group.
SOUTH AFRICAN MARKETS
South Africa’s rand fell on Friday, but looked set for weekly gains after a rally the day before that took it to its best level in 15 months as falling yields in the United States drove global demand for risk assets.
Asian shares hovered near 1-1/2 week highs on Monday helped by expectations monetary policy will remain accommodative the world over, while COVID-19 vaccine rollouts help ease fears of another dangerous wave of coronavirus infections.
The three main Wall Street indexes ended Friday higher for the day and week, with the S&P 500 .SPX and the Dow .DJI breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic recovery.
Gold edged higher on Monday, hovering near a seven-week peak hit in the previous session, as a weaker dollar and lower U.S. Treasury yields supported prices.
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Some of the main stories out in the South African press:
– Stalled J&J vaccine rollout poised to resume this week
– New interim SAA CEO wants to make the airline something SA can ‘be proud of’
– Kganyago hits back at critics
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