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.
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.
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:
- 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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