Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on Jan. 14

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

SOUTH AFRICAN MARKETS

The South African rand steadied in late trade on Wednesday, after a recovery rally in the previous session, and as the dollar rebounded and U.S. yields held near recent highs.

The benchmark FTSE/JSE all-share index ended down 0.1% to 63,475 points. The FTSE/JSE top 40 companies index was down 0.27% to 58,338 points.

GLOBAL MARKETS

Bonds slipped, Japanese stocks jumped to a three-decade high and other Asian equities loitered near record peaks on Thursday as investors focused on U.S. stimulus prospects and extended bets on global recovery and growth.

WALL STREET

Wall Street’s benchmark S&P 500 index closed slightly higher on Wednesday with defensive sectors leading gains as investors waited for details of the next U.S. fiscal stimulus plan and Congress began President Donald Trump’s impeachment hearings.

GOLD

Gold prices fell on Thursday as U.S. Treasury yields and the dollar rebounded, while investors awaited details on incoming U.S. President Joe Biden’s coronavirus stimulus proposal.

EMERGING MARKETS

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