South African Markets - Factors to watch on March 22

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 22
Credit: © Reuters.

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

ECONOMIC EVENTS

- South Africa's central bank releases fourth quarter current account data at 0800 GMT.

- Statistics South Africa releases February consumer inflation data at 0800 GMT.

COMPANIES

- Advtech ADHJ.J releases full year results

SOUTH AFRICAN MARKETS

South Africa's rand rose to its strongest level in 19 months on Monday, extending gains to the fourth straight session as the U.S. Federal Reserve's less hawkish-than-expected comments continued to drag the U.S. dollar lower. .J ZAR/

GLOBAL MARKETS

Asian stocks posted their biggest drop in two weeks on Wednesday as growing doubts about Donald Trump's economic growth agenda prompted investors to dump risky assets and to rush to safe havens such as gold and government bonds. MKTS/GLOB

WALL STREET

Wall Street fell sharply on Tuesday as investors worried that President Donald Trump will struggle to deliver promised tax cuts that propelled the market to record highs in recent months, with nervousness deepening ahead of a key healthcare vote. .N

GOLD XAU=

Gold prices on Wednesday held steady near a three-week high reached in the previous session as risk-averse investors sought safer investments amid a weak dollar and as equities dropped on doubts about U.S. President Donald Trump's economic agenda. 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

- Wiphold plans to buy 25.1 % stake in Sasfin

- Upside predicted for bank shares

BUSINESS REPORT

- SA fears over Brazil meat scandal

- Sinopec may buy Chevron (NYSE: CVX )'s SA assets

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