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.

Companies

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

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.

Add Chart to Comment

Comment Guidelines

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.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search