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/
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
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 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:
- Former Delta Property Fund executives maintain innocence after writedown
- Green shoots or hot air? Sasol (JO: SOLJ )'s decarbonisation plans come under scrutiny
- 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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what's up on Wed zar is fluctuatingLike 0
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