Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on Jan 20

JOHANNESBURG, Jan 20 (Reuters) – The following scheduled economic indicators, debt and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

Foreigners’ trading in bonds and equities

SOUTH AFRICAN MARKETS

South African stocks rose to near seven-month highs on Friday, underpinned by gains in heavyweight Richemont and mining firms, while the rand fell against a broadly stronger dollar.

GLOBAL MARKETS

Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid U.S. economic data and lashes of liquidity from the Federal Reserve.

WALL STREET

Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.

GOLD

Gold traded in a narrow $3 range on Monday as strong U.S. economic data encouraged investment in riskier assets while limited risk hedging supported the metal.

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

– SAA soldiers on without financial backing

– PGM recycling business tough for SA miners to capture

(Compiled by Alexander Winning)


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