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South African Markets – Factors to watch on March 26

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

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

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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

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