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South African Markets - Factors to watch on Jan 23
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Wednesday.
SOUTH AFRICAN MARKETS
The South African rand slipped on Tuesday, as fears about
the health of the global economy dampened appetite for riskier
emerging market assets.
Asian stocks took a breather on Wednesday, with mounting
signs of slowing global growth and concerns over a
yet-unresolved Sino-U.S. trade dispute putting the brakes on
investor appetite for risk assets.
U.S. stocks ended lower on Tuesday, snapping a four-session
rally, as a gloomy global economic growth outlook, trade
concerns and disappointing company forecasts dampened sentiment.
Gold prices held steady on Wednesday, after rising the most
since Jan. 9 the day before, on demand for safe-haven assets
amid concerns over the slowing global economy along with
uncertainty about the trade dispute between the United States
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Experts brief ANC on Eskom survival plan
- Tough trading environment for Shoprite in Africa
- Massmart takes 20% tumble on JSE
- World Bank warns cost of education aid could balloon
(Compiled by Joe Brock)
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