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Africa, Forex

South African Markets – Factors to watch on Sept. 27

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

SOUTH AFRICAN MARKETS

South African markets were closed on Friday for a public holiday.

On Thursday, rand gained strongly as the dollar fell on global markets and the central bank held its main interest rate at a record low.

Johannesburg-listed stocks rose, with the All-share index ending up 1.1% at 64,049 points and the Top-40 index closing up 1.2% at 57,643 points.

GLOBAL MARKETS

Asian shares crept higher on Monday as risk sentiment turned for the better, though a surge in oil prices to three-year highs could inflame inflation fears and aggravate the recent hawkish turn by some major central banks.

WALL STREET

The Dow and S&P 500 edged higher on Friday and ended a turbulent week with slight increases, helped by gains in Tesla and Facebook that offset a tumble by Nike .

GOLD

Gold prices firmed on Monday, propped up by a subdued dollar and slight retreat in the U.S. Treasury yields, with investors gearing up for a week of speeches from U.S. Federal Reserve policymakers for cues on the central bank’s rate hike path.

EMERGING MARKETS

For the top emerging markets news, double click on (Compiled by Olivia Kumwenda-Mtambo)


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