Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on Sept. 15

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.

ECONOMIC EVENTS

– South Africa’s Treasury auctions long-term bond notes.

COMPANIES

– South African miner Harmony Gold reports its full-year results.

SOUTH AFRICAN MARKETS

South Africa’s rand firmed on Monday, lifted by improved risk appetite globally as a coronavirus vaccine trial was back on track and investors looked forward to key central bank meetings locally and abroad.

In equities, stocks were also lifted by the vaccine hopes.

GLOBAL MARKETS

Asian equities extended gains on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines.

WALL STREET

U.S. stocks ended sharply higher on Monday as signs of progress in developing a COVID-19 vaccine and a spurt of multibillion-dollar deals lifted investor optimism.

GOLD

Gold prices rose on Tuesday as the dollar remained subdued, with investors turning their focus to a U.S. Federal Reserve monetary policy meeting, seeking details of its plans on inflation targeting.

EMERGING MARKETS

For the top emerging markets news, double click on (Compiled by Olivia Kumwenda-Mtambo)


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