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.
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 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.
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 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:
- Hopes dashed for early health worker vaccine
- Mondi (LON: MNDI ) to buy €66m stake in Turkish corrugated packaging firm
- 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
Add Chart to Comment
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
Drop an image here or