The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.
Wescoal WSLJ.J published its full-year results.
SOUTH AFRICAN MARKETS
South Africa's rand edged up in subdued trading on Monday as a global surge in coronavirus infections put the brakes on demand spurred by hopes that the European Union would agree on a recovery fund to rescue the worst hit members of the union.
Asian shares advanced on Tuesday as prospects of a deal by European Union leaders to jointly fund recovery of their economies and hopes for a coronavirus vaccine lifted risk appetite.
Wall Street gained ground on Monday and surging technology shares pushed the Nasdaq to a record closing high, as promising trial results from potential COVID-19 vaccines helped investors look beyond spiraling new cases of the disease.
Gold rose on Tuesday, hovering near a nine-year peak hit in the last session, as worries over a spike in COVID-19 cases and expectations for inflation from more economic stimulus measures boosted demand for the safe-haven metal.
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Some of the main stories out in the South African press:
- Small businesses in dire state, McKinsey report shows
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