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South African Markets - Factors to watch on March 12

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.

ECONOMIC EVENTS

South Africa's Treasury auctions long-term bond notes

COMPANIES

FirstRand reports full-year results on Tuesday

SOUTH AFRICAN MARKETS

South Africa's rand firmed on Monday, helped by increasing demand for emerging market currencies amid a slew of disappointing economic data in developed markets and growth warnings from central banks.

Stocks also rose, boosted by e-commerce and technology giant Naspers, though a fall in the shares of financials after weak results capped gains on the Johannesburg All-Share index.

GLOBAL MARKETS

The pound jumped and Asian shares rallied on Tuesday after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement.

WALL STREET

U.S. stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing's shares limited the Dow's advance after a deadly airline crash in Ethiopia.

GOLD

Gold rose on Tuesday as the dollar weakened after the European Commission agreed to amendments to the UK's Brexit deal, although gains were limited as the agreement also buoyed sentiment for riskier assets.

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

- Old Mutual misses its targets

- Absa retail division gains ground

2019-03-12 07:44:53

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