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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.
South Africa's Treasury auctions long-term bond notes
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
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
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 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.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Old Mutual misses its targets
- Absa retail division gains ground
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