South African Markets - Factors to watch on April 14

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on April 14
Credit: © Reuters.

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

ECONOMIC EVENTS

South Africa's central bank publishes its bi-annual Monetary Policy Review.

South Africa's health minister to brief parliament committee on COVID-19 vaccines

Retail sales data

SOUTH AFRICAN MARKETS

South Africa's rand reversed earlier losses on Tuesday, as traders digested news of strong gains in March U.S. inflation, though that was not expected to alter the Federal Reserve's commitment to keep interest rates at rock-bottom levels for years.

The benchmark all-share index .JALSH closed up 1.03% at 67,072 points while the blue-chip index .JTOPI ended up 1.17% to 61,383 points.

GLOBAL MARKETS

Global equity markets rose to a fresh record high on Wednesday as bond yields eased after data showed U.S. inflation was not rising wildly.

WALL STREET

The S&P 500 .SPX closed at another record high on Tuesday and the Nasdaq composite index jumped, as investors shook off concerns about the halt in Johnson & Johnson (NYSE: JNJ )'s COVID-19 vaccine rollout and strong U.S. inflation.

GOLD

Gold prices steadied after gaining in early trade on Wednesday as weakness in the U.S. dollar due to higher inflation was countered by some firming in Treasury yields.

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

BUSINESS DAY

- Government pauses use of J&J vaccine pending safety review

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