The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.
- South Africa's Treasury holds its weekly auction of inflation-linked bonds.
- South Africa's Treasury holds weekly auction for 3-month, 6-month 9-month and 1-year Treasury bills.
- Woolworths (ASX: WOW ) Holdings Ltd announces sale completion of Elizabeth Street Property in Australia. Sasol Ltd SOLJ.J says unit priced offering of US$-denominated, SEC-Registered notes. AFRICAN MARKETS
South Africa's rand gained for a third session in a row on Thursday, powering to a new one-week best as weaker-than-expected U.S. inflation data halted an advance in Treasury yields and fuelled appetite for risk assets.
In the equities market, stocks rose, led by mobile operator MTN Group MTNJ.J and investment firm Brait SE BATJ.J . The Johannesburg All-Share index .JALSH rose by 0.38% to 68,775 points, while the Top-40 index .JTOPI rose by 0.48% to 63,187 points.
Asian shares pushed higher on Friday after U.S. President Joe Biden signed a $1.9 trillion stimulus bill into law, and as a retreat in bond yields overnight eased global concerns about rising inflation.
The S&P 500 and the Dow closed at all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive stimulus bill reinforced expectations of a strong economic recovery.
Gold prices retreated on Friday as firmer U.S. bond yields and a strong dollar weighed on the metal, but bullion was on course for its biggest weekly gain in seven.
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