South African Markets - Factors to watch on Feb 14

Published 2017/02/14, 07:58
Updated 2017/02/14, 08:00
© Reuters.  South African Markets - Factors to watch on Feb 14
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The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.

ECONOMIC EVENTS

- Stats SA releases Q4 unemployment data

COMPANIES

Kumba Iron Ore annual results. AFRICAN MARKETS

South Africa's rand edged higher on Monday, lifted by improved risk sentiment globally as fears receded over the impact of U.S. President Donald Trump's trade policies. Stocks advanced for a third consecutive session mining companies rose along with metals prices .J ZAR/

GLOBAL MARKETS

Asian shares inched to 19-month highs on Tuesday as the potential for economic stimulus in the United States underpinned the dollar, bond yields and Wall Street stocks. Yet caution bled into markets ahead of testimony by the head of the Federal Reserve, which could highlight the likelihood of two or more U.S. interest rate hikes this year. MKTS/GLOB

WALL STREET

U.S. equity indexes hit record highs on Monday, with the benchmark S&P 500's market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy. .N

GOLD XAU=

Gold prices firmed on Tuesday as investors turned their attention to testimony from U.S. Federal Reserve Chair Janet Yellen later in the day for hints on the central bank's interest rate strategy. Spot gold XAU= was mostly unchanged at $1,225.84 per ounce at 0230 GMT, while U.S. gold futures GCcv1 inched up 0.1 percent to $1,226.8. 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

- Trump gives Zuma a call.

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