South African Markets - Factors to watch on April 12

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on April 12

The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

Johannesburg Stock Exchange to release data on foreigners' trading in bonds and equities.

SOUTH AFRICAN MARKETS

The South African rand retreated from a six-week peak on Friday, taking a breather after dovish signals from the U.S. Federal Reserve spurred a rally in riskier assets.

In the equities market, the Johannesburg All-Share index. JALSH closed 0.2% stronger at 67,191 points, while the Top-40 index .JTOPI rose 0.25% to 61,458 points, tracking gains in global stocks which hit record highs on Friday.

GLOBAL MARKETS

Asian shares faltered on Monday as anxious investors wait to see if U.S. earnings can justify sky-high valuations, while a rally in bonds could be tested by what should be very strong readings for U.S. inflation and retail sales this week.

WALL STREET

The S&P 500 and the Dow rose on Friday to close at record highs, posting a third straight weekly rise partly on a lift from growth stocks, with a late-day rally building gains ahead of quarterly earnings season next week.

GOLD

Gold prices fell on Monday, weighed down by surging U.S. Treasury yields and a firmer dollar after better-than-expected U.S. economic data lifted prospects for higher inflation.

 

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