South African Markets - Factors to watch on April 13

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on April 13
Credit: © Reuters.

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

ECONOMIC EVENTS

South Africa's Treasury auctions long-term bond notes

Mining production data for February

COMPANIES

Capitec CPIJ.J declared an annual dividend of 1,600 cents ($1.10) per share and reported a 27% decline in full-year profit Tuesday.

AFRICAN MARKETS

South Africa's rand recovered from initial losses on Monday on the back of a weaker dollar as traders awaited crucial U.S. inflation and retail sales data in coming days.

The Johannesburg All-share index .JALSH was down 1.19%, while the Top-40 index .JTOPI fell 1.28%.

GLOBAL MARKETS

Asian stocks markets were broadly positive Tuesday after China's exports grew at a strong pace during March and imports rebounded giving investors heart that domestic demand is improving as part of the recovery from the pandemic.

WALL STREET

The S&P 500 .SPX and Dow Jones industrial average .DJI ended lower on Monday, with investors waiting for cues from the upcoming corporate earnings season and a key inflation report later this week.

GOLD

Gold prices were flat on Tuesday as market participants kept to the sidelines ahead of U.S. inflation data that is expected to shed more light on recovery in the world's largest economy.

BUSINESS DAY

- Treasury starts to wind down ‘ineffective' Covid-19 loan scheme

- Naspers (JO: NPNJn ) staying out of bitcoin market for now

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