South African Markets - Factors to watch on Jan. 25

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Jan. 25
Credit: © Reuters.

JOHANNESBURG, Jan 25 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.


Retailer Woolworths Holdings Ltd (JO: WHLJ ) to announce H1 trading update

South African Markets

South Africa's rand had weakened last Friday as rally in riskier assets cooled off. It was, however, trading strong early morning on Monday. Shares on the JSE slipped. 

Global Markets

Asian shares rose on Monday as concerns over rising COVID-19 cases and delays in vaccine supplies were eclipsed by expectations of a $1.9 trillion fiscal stimulus plan to help revive the U.S. economy. 

Wall Street

The Dow and S&P 500 ended modestly lower on Friday, dragged down by losses in blue-chip technology stalwarts Intel (NASDAQ: INTC ) and IBM (NYSE: IBM ) following their quarterly results, as hopes for a full economic reopening in the coming months waned. Stocks are expected to open stronger on Monday. 


Gold prices gained on Monday as the dollar eased and hopes that a massive economic stimulus in the world's largest economy would be passed remained intact. 

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

Busienss Day

- Discovery (JO: DSBPp ), South Africa's largest private medical schemes administrator, denies unfairly targeting black health practitioners

- The Oppenheimer family has spent half-a-billion rand on a stake in JSE-listed MAS Real Estate to gain exposure to Romania's commercial real estate market as its looks to spread its wealth further across the world.

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