JOHANNESBURG, April 20 – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday.
SOUTH AFRICAN MARKETS
South Africa’s rand strengthened on Monday, aided by the U.S. dollar being pinned near a one-month low and greater global risk appetite.
Asian shares rose on Tuesday, led by a stronger Chinese opening and shaking off the initial drag from tech-driven Wall Street losses, while the dollar stayed at multiweek lows against other major currencies.
U.S. stocks closed lower on Monday, slipping from last week’s record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc TSLA.O shares fell after a fatal car crash.
Gold eked out some gains on Tuesday buoyed by a weaker dollar, although prices were hovering below Monday’s seven-week high as a rebound in U.S. Treasury yields weighed on bullion’s appeal.
For the top emerging markets news, double click on
– – – –
Some of the main stories out in the South African press:
– Coca-Cola bottler’s listing will add another blue chip to JSE
– Massmart responds to shareholder concerns over pay
(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html