JOHANNESBURG, Feb 26 (Reuters) – The following company announcements, scheduled economic indicators, equity and currency market moves may affect South African markets on Friday.
Money supply data
Inflation-linked bond auction
T bill auction
SOUTH AFRICAN MARKETS
South Africa’s rand fell on Thursday, giving up the previous session’s gains when Finance Minister Tito Mboweni’s budget speech reassured some investors the country could avoid a full-scale fiscal crisis.
Asian stocks skidded to one-month lows on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.
Wall Street’s main indexes tumbled on Thursday, with the Nasdaq index posting its largest daily percentage fall in four months, as technology-related stocks remained under pressure following a rise in U.S. bond yields.
Gold inched higher after hitting a one-week low on Friday, but headed for a second straight weekly and monthly decline as a brighter economic outlook and inflation fears propped up U.S. Treasury yields.
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Some of the main stories out in the South African press:
– Anglo applauds Mboweni’s exchange control reforms
– COSATU fires political shot across ANC bow
(Compiled by Alexander Winning)