JOHANNESBURG, April 9 (Reuters) – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.
South Africa’s gross and net forex reserves
Royal Bafokeng Platinum annual shareholders meeting
SOUTH AFRICAN MARKETS
South Africa’s rand rallied to its best level in six-weeks on Thursday, shaking off sluggish manufacturing data as global demand for high-yielding currencies was lifted by growing bets that lending rates in the United States will remain low.
Equities fell after local manufacturing output contracted 2.1% year on year in February, more than expected.
Global stocks held firm near record highs on Friday as receding inflation fears in the United States pushed down bond yields and lifted Wall Street, though softness in Chinese shares capped gains in Asia.
The S&P 500 closed at a record high on Thursday, as U.S. Treasury yields fell following softer-than-anticipated labor market data, boosting technology and other growth stocks.
Gold prices fell on Friday as robust economic data from China boosted hopes of a swift recovery, although bullion was set to rise more than 1% on the week as the U.S. dollar and Treasury yields pulled back from recent highs.
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Some of the main stories out in the South African press:
– Eskom makes plans to avoid Oracle switch-off (Compiled by Promit Mukherjee)
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