South African Markets - Factors to watch on Feb. 23
JOHANNESBURG, Feb 23 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.
- Leading indicator of economic activity
- Unemployment rate
- Half year results of Bid Corporation Ltd BIDJ.J
- Half year results of Imperial Logistics Ltd IPLJ.J
- Q2 results of Harmony Gold Mining Ltd HARJ.J
- Full year results of Kumba Iron Ore Ltd KIOJ.J
SOUTH AFRICAN MARKETS
South Africa's rand weakened on Monday with demand for risk assets dampened by rising yields in the United States and some investor caution ahead of the South African government budget this week. ZAR/
Stocks were down slightly, with the Johannesburg Stock Exchange's Top-40 Index .JTOPI slipping 0.32% to 61,904 points and the broader All-Share Index .JALSH closing 0.15% down at 67,363 points. .J
Asian stocks rebounded from two-week lows struck on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares. MKTS/GLOB
The S&P 500 and Nasdaq closed lower on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of high-flying growth companies. .N
Gold climbed a one-week peak on Tuesday, bolstered by a weaker dollar and a retreat in U.S. Treasury yields, while concerns of rising inflation further boosted bullion's appeal as a hedge against inflation. GOL/
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