South African Markets - Factors to watch on April 23

JOHANNESBURG, April 23 - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Friday.


South Africa's rand weakened on Thursday, in uncertain trade globally, as investors awaited the next moves in lending rates in the United States and Europe and weighed the impact on economic recovery of delayed vaccine rollouts.


A key gauge of Asian shares rose on Friday, supported by gains in China and a decision by the European Central Bank to maintain stimulus, while investors largely shrugged off the impact of a possible U.S. capital gains tax hike.


U.S. stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech's earnings next week.


Gold rose on Friday and was set to post a third straight weekly gain after U.S. President Joe Biden's proposal to hike capital gains tax weighed on U.S. Treasury yields, while a weaker dollar also bolstered the metal's appeal.


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2021-04-23 07:21:04

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