South African Markets - Factors to watch on March 17

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 17
Credit: © Reuters.

JOHANNESBURG, March 17 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Wednesday.

Economic Events

Retail sales data

Companies

Nedbank ( NEDJ.J ) results

Libstar ( LBRJ.J ) results

South African Markets

The South African rand firmed on Tuesday as the currency continued to take its cue from swings in global markets ahead of a U.S. Federal Reserve meeting.

Global Markets

Asian stocks fell on Wednesday, tracking Wall Street, as investors waited to see if the U.S. Federal Reserve will signal a faster path toward policy normalisation than previously expected. 

Wall Street

The S&P 500 ended lower on Tuesday, weighed down by energy and industrial stocks as investors awaited the result of the Federal Reserve's two-day policy meeting. 

Gold

Gold prices edged up on Wednesday to hover near their highest in more than two weeks on prospects of higher inflation, although trade was range-bound as investors exercised caution ahead of the Federal Reserve's policy meeting outcome. 

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

Business Day

- Busisiwe Mkhwebane: first round goes to Ramaphosa

- Sizzling metal prices mask threat of Eskom tariff hikes

FIN 24

- Absa (JO: ABGJ ) is reinventing itself to claim rightful place in Africa, CEO says

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