Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on March 2

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

ECONOMIC EVENTS

Weekly bond auction by South Africa’s Treasury

SOUTH AFRICAN MARKETS

South Africa’s rand recovered on Monday from the previous session’s four-week low against the U.S. dollar as global bond markets calmed after last week’s sell-off.

GLOBAL MARKETS

Asia extended the global rally in stocks on Tuesday as a halt in a recent bond markets sell-off eased investor nerves and lifted riskier assets, although oil prices were on the defensive on fears of slowing Chinese energy consumption.

WALL STREET

The S&P 500 surged on Monday in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another COVID-19 vaccine getting U.S. approval and fiscal stimulus bolstered expectations of a swift economic recovery.

GOLD

The S&P 500 surged on Monday in its strongest one-day gain since June as bond markets calmed after a month-long selloff, while another COVID-19 vaccine getting U.S. approval and fiscal stimulus bolstered expectations of a swift economic recovery.

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:

FIN 24

– Ramaphosa halts search for a back-up finance minister in case Mboweni decided to quit


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