South African Markets - Factors to watch on March 9

  • Reuters
  • Stock Market News
South African Markets - Factors to watch on March 9
Credit: © Reuters.

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

COMPANIES

Conduit Capital CNDJ.J HY results

ECONOMIC DATA

Inflation-linked bond auction

Weekly Treasury bill auction

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SOUTH AFRICAN MARKETS

Rand weakened on Thursday for a third straight session amid worries that a potential global trade war could curb economic growth and metals demand, overshadowing signs locally of an economic turnaround. .J ZAR/

GLOBAL MARKETS

Asian shares rallied and the safe-haven yen eased on Friday after North Korean leader Kim Jong Un offered to stop nuclear and missile testing and U.S. President Donald Trump agreed to a meeting that could come before May. MKTS/GLOB

WALL STREET

The three major U.S. stock indexes closed higher on Thursday after President Donald Trump appeared to soften his stance on trade tariffs, easing trade war fears that had had the market on edge for a week. .N

GOLD XAU=

Gold prices extended losses into a third session on Friday as the dollar strengthened against the yen on hopes of easing tensions between the United States and North Korea and ahead of U.S. non-farm payroll data later in the day. GOL/

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

BUSINESS DAY

- Sanlam cuts bonuses on Steinhoff contagion

- MTN to revisit financial services in SA

BUSINESS REPORT

- SAA in far deeper trouble

- Sanlam buys out Saham

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