JOHANNESBURG, March 17 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Wednesday.
Retail sales data
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.
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.
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 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:
- Busisiwe Mkhwebane: first round goes to Ramaphosa
- Sizzling metal prices mask threat of Eskom tariff hikes
- Absa (JO: ABGJ ) is reinventing itself to claim rightful place in Africa, CEO says
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.