SHOPRIT:  17,820   -57 (-0.32%)  18/04/2019 00:00

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.

ECONOMIC EVENTS

- No major economic releases.

COMPANIES

- 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.

GLOBAL MARKETS

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

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

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.

EMERGING MARKETS

For the top emerging markets news, double click on

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Some of the main stories out in the South African press:

BUSINESS DAY

- Wiese to loosen his grip on Shoprite

- WBHO stung Down Under

BUSINESS REPORT

- Shoprite in bid to cut ties with Wiese

2019-02-27 07:29:36

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