South African Markets - Factors to watch on March 8

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 8
Credit: © Reuters.

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


- Retailer Massmart MSMJ.J , majority-owned by Walmart (NYSE: WMT ), announces its full-year results. Old Mutual (LON: OMU ) OMUJ.J issues trading statement.


South Africa's rand was set for a weekly loss of more than 2% against the dollar on Friday, as higher bond-market borrowing costs and a rising dollar sapped risk appetite.

Stocks ended higher, led by petrochemical firm Sasol's SOLJ.J 14% surge.


Share markets turned mixed on Monday as the U.S. Senate passage of a $1.9 trillion stimulus bill augured well for faster global economic growth, but also put fresh pressure on Treasuries and tech stocks with lofty valuations.


Wall Street ended sharply higher after a volatile session on Friday, with the Nasdaq rebounding at the end of a week that saw it extend losses to about 10% from its previous record high.


Gold prices bounced back on Monday from a nine-month low hit in the previous session as the dollar softened, while passage of a long awaited U.S. coronavirus stimulus package boosted the bullion's appeal as a hedge against inflation.

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