AFROX: 2,208 +87 (+4.10%)
South African Markets - Factors to watch on March 6
The following company announcements, scheduled economic
indicators, debt and currency market moves and political events
may affect South African markets on Wednesday.
- South Africa's central bank governor Lesetja Kganyago
speaks at public lectures in Cape Town.
- The South African Chamber of Commerce and Industry's
(SACCI) monthly business confidence index due at 0930 GMT.
- African Oxygen says full-year HEPS down 23
percent to 154.9 Cents.
SOUTH AFRICAN MARKETS
South Africa's rand firmed on Tuesday after data showing an
economic recovery from a recession continued in the fourth
quarter of last year, albeit at a slower rate.
Stocks weakened as the GDP figure was below market
Asian stocks held their ground on Wednesday as Chinese
equities soared on stimulus hopes, although a resurgence in
regional tensions capped broader gains with North Korea opting
to restore part of a missile test site it had began dismantling
Wall Street's main indexes dipped in a choppy session on
Tuesday as a drop in General Electric shares countered positive
retailer earnings and investors eyed a key resistance level for
the benchmark S&P 500 after the market's strong run.
Gold prices steadied on Wednesday, after recovering from a
more than five-week low in the previous session, lifted by a
pause in global equities rally, while a firm dollar curbed
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
- 'Zuma spy' bashes DA case
- South Africa's growth factor is still in contraction
(Compiled by Olivia Kumwenda-Mtambo)
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