Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on Jan 21

JOHANNESBURG, Jan 21 (Reuters) – The following economic events, debt and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

Government bond auction

SOUTH AFRICAN MARKETS

South Africa’s rand fell to a five-week low against the dollar on Monday as domestic woes hurt the currency’s carry yield attraction and stocks ended a six-session winning streak.

GLOBAL MARKETS

Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets.

GOLD

Gold prices rose to a two-week high on Tuesday as a new strain of pneumonia in China stoked fears of a wider epidemic that could hamper economic growth, sparking a sudden bout of risk aversion and sell-off in Asian stocks.

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

– Goldman Sachs gets green light for bank in SA

– Union asks Ramaphosa to intervene at Richards Bay mine

(Compiled by Alexander Winning)


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