South African Markets - Factors to watch on April 3

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on April 3
Credit: © Reuters.

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

ECONOMIC EVENTS

PRETORIA - South Africa's tax agency releases annual revenue statistics.

JOHANNESBURG - The ruling ANC's top six officials to meet for first time after President Jacob Zuma sacked Finance Minister Pravin Gordhan.

COMPANIES

Brait SE BATJ.J releases Q3 trading statement.

SOUTH AFRICAN MARKETS

South Africa's rand recovered some ground on Friday as investors took profits after the currency fell sharply following President Jacob Zuma's late night decision to remove finance minister Pravin Gordhan.

Stocks also suffered, with banking shares hardest hit following the president's surprise move to fire Gordhan and eight other ministers. .J ZAR/

GLOBAL MARKETS

Asian shares started the week modestly higher on Monday after a bumper quarter as investors look to the shape of U.S. trade and economic policies and how they could affect global growth. MKTS/GLOB

WALL STREET

Wall Street fell on Friday, pulled down by Exxon (NYSE: XOM ) and JPMorgan Chase (NYSE: JPM ) as investors wrapped up a strong quarter and weighed whether corporate earnings reports will justify the market's lofty valuations. .N

GOLD XAU=

Gold prices held firm on Monday after marking their best quarter in a year, supported by uninspiring economic data from the United States and dovish remarks from a Federal Reserve official on Friday. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on - - -

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

BUSINESS DAY

- Gigaba: change has arrived at Treasury

- Mbete considers calls for motion of no confidence

BUSINESS REPORT / THE STAR

- Zuma to face ANC top brass

- 1,900 jobs lost in vehicle industry

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