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South African Markets - Factors to watch on March 13

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

COMPANIES

Libstar Holdings to report full-year results

SOUTH AFRICAN MARKETS

South Africa's rand firmed on Tuesday, supported by renewed risk appetite after potential progress on Brexit in Britain and as the dollar weakened after U.S. consumer price data.

Stocks also gained alongside emerging-market rivals, with drugmaker Aspen Pharmacare leading the gainers as it clawed back gains after a sell-off last week.

GLOBAL MARKETS

Global stock markets fell with U.S. bond yields and agricultural commodities on Tuesday, while the dollar rose and investors flocked to safety in the face of a rapidly escalating U.S.-China trade conflict.

WALL STREET

The S&P 500 and Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve's dovish stance on rate hikes, but the Dow ended down as Boeing's shares sank for a second day after one of its planes crashed in Ethiopia.

GOLD

Gold scaled a near two-week peak on Wednesday, after reclaiming the key $1,300 level in the previous session, as investors opted for the safe-haven metal after British lawmakers rejected an amended exit deal, while a weaker dollar lent further support.

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

- FNB 'ready' for rising competition

BUSINESS REPORT

- Cash-strapped Group Five in business rescue

- FirstRand 'not fazed' by newcomers entering the banking market

2019-03-13 07:45:46

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