South African Markets - Factors to watch on April 28

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on April 28

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

SOUTH AFRICAN MARKETS

South Africa's rand edged higher early on Monday in thin trade ahead of a national holiday, with traders unlikely to take many big bets before key data due later in the week. .J ZAR/

GLOBAL MARKETS

Asian shares were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting. MKTS/GLOB

WALL STREET

Tepid results from Tesla (NASDAQ: TSLA ) and 3M (NYSE: MMM ) weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on the wave of earnings reports from Microsoft (NASDAQ: MSFT ), Alphabet (NASDAQ: GOOGL ) and other corporate heavyweights.

GOLD

Gold prices fell to a one-week low on Wednesday, weighed down by firmer U.S. Treasury yields with investors awaiting policy cues from the Federal Reserve's statement, while palladium eased after scaling a record high in the last session.

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

BUSINESS DAY

- Former Delta Property Fund executives maintain innocence after writedown

- Green shoots or hot air? Sasol (JO: SOLJ )'s decarbonisation plans come under scrutiny

FIN 24

- Government interdicted from paying out any businesses from its R1.2bn Tourism Equity Fund

- Managers at SAA Technical put their foot down as salaries hang in the balance again

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  • Vuyiseka Mbekwa @Vuyiseka Mbekwa
    what's up on Wed zar is fluctuating
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