South African Markets – Factors to watch on April 20

PUBLISHED: Tue, 20 Apr 2021 05:42:19 GMT
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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.

GLOBAL MARKETS

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.

WALL STREET

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

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.

EMERGING MARKETS

For the top emerging markets news, double click on

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Some of the main stories out in the South African press:

BUSINESS DAY

– Coca-Cola bottler’s listing will add another blue chip to JSE

– Massmart responds to shareholder concerns over pay

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