South African Markets – Factors to watch on April 6

PUBLISHED: Tue, 06 Apr 2021 04:54:17 GMT

JOHANNESBURG, April 6 (Reuters) – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday.


South Africa’s rand extended gains against the U.S. dollar on Thursday, as positive manufacturing activity and new vehicle sales data pointed to a recovery in the economy.

Shares on the Johannesburg Stock Exchange (JSE) rallied on Thursday, ending the week on a higher note as financial markets in South Africa closed for a four-day long weekend.


Asia’s stock markets rose on Tuesday as another batch of strong U.S. economic data bolstered the global outlook, while currency and bond markets paused for breath after a month of rapid gains in the dollar and in U.S. Treasury yields.


U.S. stocks rallied on Monday with the Dow and S&P 500 closing at record levels, as a round of strong economic data buoyed investor optimism for the economic reopening and a muted climb in the 10-year U.S. Treasury yield kept inflation worries in check.


Gold prices rose on Tuesday, as a weaker dollar made bullion cheaper and more attractive for buyers outside the United States, while a pull-back in U.S. Treasury yields provided further support.


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– – – – (Compiled by Promit Mukherjee)

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