The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday.
Lending rates at 1300 GMT.
SOUTH AFRICAN MARKETS
South Africa’s rand and local stocks gained on Wednesday, lifted by improved risk appetite on global markets.
Asian stocks rallied on Thursday, bonds nursed losses and oil held onto sharp gains as investors seemed to set aside virus jitters for now and looked ahead to the European Central Bank for reassurance that policy support will continue for some time.
Wall Street stocks posted their second straight daily gain on Wednesday, with robust corporate earnings and renewed optimism about the U.S. economic recovery fuelling a risk-on rally.
Gold prices fell on Thursday, hovering near a more than one-week low, weighed down by a stronger dollar and a rebound in risk sentiment as investors looked past economic threats from rising cases of the Delta coronavirus variant.
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Some of the main stories out in the South African press:
– Mr Price says just 20 stores remain closed
– Listed property still reeling from Covid-19
– Unions push to put Mango in business rescue
– Toyota resumes production at Durban plant, as talks over new supplier park are fast-tracked (Compiled by Nqobile Dludla)