JOHANNESBURG, July 21 – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Wednesday.
Statistics South Africa will publish core inflation and consumer price inflation data at 0800 GMT.
SOUTH AFRICAN MARKETS
South Africa’s rand slipped further on Tuesday, as the fast spread of the Delta coronavirus variant made global investors nervous and drove a continued flight to safer assets.
Asian shares and U.S. Treasury yields rose on Wednesday, clawing back some of the week’s losses as investors reassessed economic worries, but the dollar was firm on concerns over the impact of a fast-spreading coronavirus variant.
Wall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.
Gold eased on Wednesday as the dollar emerged as the preferred safe-haven bet amid fears that the highly contagious Delta coronavirus variant may stall a global economic recovery, while a rebound in U.S. bond yields further pressured bullion prices.
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Some of the main stories out in the South African press:
– New welfare grant is on the table â€” the question is how much (Reporting by Emma Rumney)