South African Markets - Factors to watch on Feb 14
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Friday.
SOUTH AFRICAN MARKETS
South Africa's rand was slightly weaker on Thursday ahead of
President Cyril Ramaphosa's State of the Nation address, with
investors treading cautiously before hearing the government's
plans to grow a limping economy.
Asian shares edged up on Friday, on course to post the
second straight week of gains, helped by hopes governments will
make provisions to soften the impact on their economies from the
Wall Street lost ground on Thursday, backing away from
record highs as investors digested new coronavirus developments
and mixed corporate earnings.
Gold eased from an over one-week peak on Friday as risk
sentiment improved on hopes of global measures to soften the
impact of the coronavirus outbreak, but a surge in new cases
capped bullion's losses and kept it on track for a weekly gain.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Ramaphosa pledge on Eskom obstacles
- Aton could still launch a new bid, says M&R
- Ramaphosa unveils list of priorities for SA
- Gold Fields to keep revived South Deep
(Compiled by Nqobile Dludla)
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