The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.
South Africa's central bank to publish its composite leading business cycle indicator.
South Africa's Treasury auctions long-term bond notes.
Imperial Logistics ( IPLJ.J ) reports full-year results
SOUTH AFRICAN MARKETS
South Africa's rand rallied on Monday, helped by a risk-on mood on global markets after U.S. regulators approved a treatment for COVID-19 patients.
On the Johannesburg bourse, the Top-40 index ( .JTOPI ) rose 1.1% to 52,256 points, while the All-share index (.JALSH) gained 1.2% to 56,625 points.
Renewed confidence in a Sino-U.S. trade deal after talks between the countries helped lift most Asian stocks on Tuesday, as did fresh vaccine hopes for a coronavirus vaccine, which boosted broader sentiment.
The S&P 500 and the Nasdaq reached new record closing highs on Monday as optimism over potential medical advances in the war against the coronavirus pandemic pushed all three major U.S. stock indexes higher.
GOLD ( XAU= )
Gold edged higher on Tuesday as the dollar dipped, with investors awaiting U.S. Federal Reserve Chairman Jerome Powell's speech later this week, while a rally in equity markets limited bullion's advance.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.