The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
- South Africa's central bank publishes December credit and money supply data. 0600 GMT
SOUTH AFRICAN MARKETS
South Africa's rand firmed on Tuesday, gaining with other emerging market currencies on hopes of a pause to increases to U.S. interest rates, while stocks also climbed. .J ZAR/
Asian equities steadied on Wednesday as investors awaited Federal Reserve policy guidance and the outcome of high level trade talks between the United States and China, while drawing relief from Apple (NASDAQ:AAPL) Inc's earnings. MKTS/GLOB
Wall Street was mixed on Tuesday, with Alphabet (NASDAQ:GOOGL), Facebook (NASDAQ:FB) and other technology-related shares dipping, while a rebound in 3M (NYSE:MMM) and other industrials elevated the Dow Jones Industrial Average. .N
Gold prices edged up on Wednesday to hit their highest since May 2018, supported by uncertainty over U.S.-China trade relations and expectations the Federal Reserve will keep rates on hold. GOL/
For the top emerging markets news, double click on - - -
Some of the main stories out in the South African press:
- Corruption claims rattle $140 billion state asset manager.
- Experts urge finance minister to cut corporate tax.
- Grand Parade GPLJ.J gets new chief executive.
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