South African Markets - Factors to watch on March 11

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 11

The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday.

ECONOMIC EVENTS

The South African Reserve Bank publishes current account data for the final quarter of 2020 at 0900 GMT.

COMPANIES

Africa's largest lender by assets Standard Bank SBKJ.J will on Thursday report its full-year results.

Sanlam SLMJ.J reports 24% rise in full-year profit. Brait SE BATJ.J gives updates on restructuring of Virgin Active UK business.

AFRICAN MARKETS

South Africa's rand firmed on Wednesday, extending gains from the previous session as appetite for higher yielding currencies improved.

Stocks closed slightly lower, with the Johannesburg Stock Exchange's benchmark Top-40 Index .JTOPI falling 0.34% to 62,886 points and the broader All-Share Index.JALSH dipping 0.2% to 68,517 points. 

GLOBAL MARKETS

Asian stocks extended their rebound from a two-month low on Thursday after a report on U.S. consumer prices calmed concerns about inflation and lifted the Dow Jones Industrial Average to a record close.

WALL STREET

The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress gave final approval to one of the largest economic stimulus measures in U.S. history.

GOLD

Gold prices rose to a more than one-week peak on Thursday, after a weaker-than-expected U.S. inflation data halted an advance in Treasury yields and the dollar.

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

Error: File type not supported

Drop an image here or

100