SHOPRIT: 16,588 +234 (+1.43%)
South African Markets - Factors to watch on Feb. 27
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Wednesday.
- No major economic releases.
- MultiChoice lists on JSE
SOUTH AFRICAN MARKETS
South Africa's rand fell on Tuesday, ending a rally that had
seen the currency breach a key technical mark, amid cooling
demand for emerging-market currencies that had been fuelled by
optimism over U.S.-China trade talks.
Asian shares inched towards a five-month high on Wednesday
and the dollar hovered near a three-week low after Federal
Reserve Chairman Jerome Powell reinforced the U.S. central
bank's shift to a more "patient" approach on policy in the face
of a slowing economy.
Wall Street's three major indexes fell slightly after a
choppy session on Tuesday as investors eyed mixed U.S. economic
data and corporate news and waited for clarity on issues such as
the U.S.-China trade talks.
Gold held steady on Wednesday as the dollar traded near
three-week lows, after U.S. Federal Reserve Chairman Jerome
Powell reiterated that the central bank will be patient in
hiking interest rates, while palladium hovered near the
psychological level of $1,550.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Wiese to loosen his grip on Shoprite
- WBHO stung Down Under
- Shoprite in bid to cut ties with Wiese
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