ASPEN: 10,787 +189 (+1.78%)
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.
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 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.
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 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
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- FNB 'ready' for rising competition
- Cash-strapped Group Five in business rescue
- FirstRand 'not fazed' by newcomers entering the banking
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