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South African Markets - Factors to watch on April 23

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

ECONOMIC EVENTS

- No major economic releases.

COMPANIES

- No major company releases.

SOUTH AFRICAN MARKETS

South Africa's rand weakened by as much as one percent on Friday, hit by returning demand for the dollar and rising U.S. treasury yields that prompted profit taking after the local currency's recent rally.

Stocks nudged higher with Steinhoff International SNHJ.J and British American tobacco .BTIJ.J among the better performers.

GLOBAL MARKETS

Asian stocks dipped on Monday as investors braced for a bevy of earnings from the world's largest corporations, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past.

WALL STREET

Wall Street's three major indexes declined on Friday as investors worried about a jump in U.S. bond yields, with technology stocks leading the decline on nerves about upcoming earnings reports and iPhone demand.

GOLD

Gold prices slipped to their lowest level in nearly two weeks on Monday as the dollar rose on the back of climbing U.S. Treasury yields and as global political concerns eased.

EMERGING MARKETS

For the top emerging markets news, double click on

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

BUSINESS DAY

- ANC leaders to hold emergency meeting on North West protests.

BUSINESS REPORT

- Murray and Roberts urges shareholders to retract greenlight for hostile share offer.

2018-04-23 07:40:23

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