South African Markets - Factors to watch on March 16

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 16

JOHANNESBURG, March 16 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday.

Economic Events

Government bond auction

Companies

Shoprite ( SHPJ.J ) results

South African Markets

South Africa's rand firmed in afternoon trade on Monday as U.S. Treasury yields backed off recent highs. 

Global Markets

Asian stocks rose on Tuesday, tracking an advance by Wall Street's main indexes to record highs, as investors looked to key central bank meetings this week, starting with the U.S. Federal Reserve . 

Wall Street

The S&P 500 and Dow Jones Industrial Average closed at record highs on Monday, as investors eyed an economic recovery from the coronavirus and awaited cues from the Federal Reserve amid caution over rising borrowing costs. 

Gold

Gold prices were subdued on Tuesday as investors watched for a U.S. Federal Reserve meeting to tackle concerns over inflation and bond yields, although appetite for riskier assets grew on hopes of a swifter economic recovery. 

Some of the main stories out in the South African press:

Business Day

- Students fired up after state digs in amid fee protests

- Zuma must be jailed for defiance, Zondo commission argues

- Vulindlela unit opens way for some reforms

FIN 24

- Health workers made up 60% of Discovery Life's (JO: DSBPp ) R1.5bn COVID claims

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