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 AFRICAN MARKETS
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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