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South African Markets - Factors to watch on Jan. 30

Stock MarketsJan 30, 2019 07:40
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© Reuters. South African Markets - Factors to watch on Jan. 30

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 publishes December credit and money supply data. 0600 GMT

COMPANIES

- Q2 2019 Adcock Ingram (JO:ADEOJ) Holdings AIPJ.J Earnings Release.

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/

GLOBAL MARKETS

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

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 XAU=

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/

EMERGING MARKETS

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

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

BUSINESS DAY

- Corruption claims rattle $140 billion state asset manager.

- Experts urge finance minister to cut corporate tax.

BUSINESS REPORT

- Grand Parade GPLJ.J gets new chief executive.

South African Markets - Factors to watch on Jan. 30
 

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