SUNINT: 4,060 +60 (+1.50%)
South African Markets - Factors to watch on March 19
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Tuesday.
- No major economic releases.
- Sasfin Holdings Half Year 2019 Earnings Release.
- Master Drilling Group Full Year 2018 Earnings
SOUTH AFRICAN MARKETS
South Africa's rand weakened on Monday after power utility
Eskom said it would carry out more power cuts this week as it
struggles with capacity shortages, weighing on investor
Stocks meanwhile rose, with the Johannesburg Stock
Exchange's top-40 index closing 1.42 percent higher, at 50,388
points. The broader all-share index rose 1.3 percent to 56,769
Asian shares held tight ranges on Tuesday ahead of the a
Federal Reserve policy meeting, but were broadly supported near
six-month highs on expectations the central bank might strike a
dovish tone, while fresh Brexit worries dogged the
Banks and tech helped lead Wall Street higher on Monday,
while Boeing and Facebook were a drag and investors eyed this
week's U.S. Federal Reserve meeting for affirmation of its
commitment to "patient" monetary policy.
Palladium prices surged to a record on Tuesday, bolstered by
worries about shrinking supply of the auto-catalyst metal, while
gold rose on expectations that the U.S. Federal Reserve will
maintain a dovish tone at its policy meeting this week.
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- Pepkor cleared in audit investigation into
- Hotel group Sun International flagship resort
suffers first asset loss as weak economy weighs.
- Eskom looks to Brics Bank for $480 billion loan for Medupi
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