South African Markets - Factors to watch on Jan.6

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on Jan.6

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.

ECONOMIC EVENTS

IHS Markit's Purchasing Managers' Index (PMI) data at 0715 GMT.

SOUTH AFRICAN MARKETS

Shares on the Johannesburg Stock Exchange (JSE) remained upbeat on Tuesday, driven by higher gold and platinum prices which pushed up shares in mining companies and posted a record closing for the main indices.

GLOBAL MARKETS

Global stock prices slipped and U.S. bond yields rose on Wednesday as investors braced for the prospect that Democrats could win both races in a U.S. Senate run-off election in Georgia, handing them control of the crucial chamber.

WALL STREET

Shares on Wall Street ended higher on Tuesday in choppy trading, as investors took advantage of the previous session's slump to buy them back, ahead of the outcome of the Senate runoff elections in the battleground state of Georgia, which will determine the balance of power in Washington.

GOLD

Gold edged lower on Wednesday as the dollar firmed with investors tracking two closely contested U.S. Senate runoff races in Georgia that will likely determine President-elect Joe Biden administration's fiscal policy. GOL/

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

BUSINESS DAY

- Hopes dashed for early health worker vaccine

- Mondi (LON: MNDI ) to buy €66m stake in Turkish corrugated packaging firm

BUSINESS REPORT

- Aspen (JO: APNJ ) Pharmacare readying to make Johnson & Johnson (NYSE: JNJ ) Covid vaccine

- Western Cape's Covid-19 battle aided by oxygen from Eastern Cape

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