South African Markets – Factors to watch on March 26

PUBLISHED: Fri, 26 Mar 2021 05:11:54 GMT
Share

JOHANNESBURG, March 26 – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.

SOUTH AFRICAN MARKETS

South Africa’s rand slipped to a two-week low on Thursday after the central bank kept lending rates unchanged despite a wave of rate increases by other emerging markets.

GLOBAL MARKETS

Asian shares bounced back from a three-month low on Friday thanks to a late-day rally on Wall Street as optimism about the global economic recovery was overshadowed by rising tensions between the West and China.

WALL STREET

U.S. stocks rose in a late-day rally on Thursday as investors bought stocks likely to do well in the recovery and picked up beaten-down Apple and Tesla shares in anticipation that the U.S. economy grows at its fastest pace in decades this year.

GOLD

Gold prices slipped towards a one-week low on Friday, on course for a first weekly decline in three, with bullion pressured by a rallying dollar following positive U.S. economic data and as vaccine roll-outs gathered steam.

EMERGING MARKETS

For the top emerging markets news, double click on

– – – –

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

FIN 24

– Lockdown purge: survey sees another 1.2 million layoffs as Covid-19 batters small businesses

(c) Copyright Thomson Reuters 2021. Click For Restrictions – https://agency.reuters.com/en/copyright.html

Sign Up for Our Newsletter Daily Update

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.

,