South African Markets - Factors to watch on March 11

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 11
Credit: © Reuters.

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

ECONOMIC EVENTS

- No major releases.

COMPANIES

- Full Year 2019 Absa Group Ltd ABGJ.J Earnings Release.

- Half Year 2020 Rmb Holdings Ltd RMHJ.J Earnings Release.

- Full Year 2019 SA Corporate Real Estate Fund Managers (Pty) Ltd SACJ.J Earnings Release.

SOUTH AFRICAN MARKETS

South Africa's {{|rand}} firmed on Tuesday, recovering most of its losses as emerging markets broadly recovered from heavy selling in the previous session triggered by a dive in oil prices and fears about the economic impact of the coronavirus.

Stocks rose in line with a rebound in global markets, while FirstRand (JO: FSRJ ) shares rose after half-year profits. .J ZAR/

GLOBAL MARKETS

Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington's stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally. MKTS/GLOB

WALL STREET

Wall Street roared back to life on Tuesday, rebounding from the brink of bear market confirmation as bargain-hunting and hopes of government stimulus calmed investors' fears surrounding the coronavirus and growing signs of imminent recession. .N

GOLD XAU=

Gold prices rose on Wednesday after a steep fall in the previous session, as doubts about a stimulus package proposed by U.S. President Donald Trump to soften the economic impact of the coronavirus epidemic weighed on risk sentiment. GOL/

BUSINESS DAY

- Sasol SOLJ.J may need cash injection as shares tank.

BUSINESS REPORT

- Gold stocks hold firm aftermarket blood bath.

- Assore ASRJ.J to de-list from JSE.

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