June 22 (Reuters) – The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday.
Statistics South Africa to publish May consumer price inflation figures at 0800 GMT.
SOUTH AFRICAN MARKETS
The South African rand strengthened against a broadly weaker dollar on Tuesday, although worries lingered over aggressive interest hikes from global central banks.
On the stock market, the All-Share index rose 0.6% to 66,747 points, while the Top-40 index closed 0.5% higher at 60,374 points.
Asian stocks slipped in volatile trade on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar.
Wall Street’s major indexes jumped over 2% on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.
Gold prices eased on Wednesday as the dollar firmed, although bullion still traded in a narrow range as investors awaited fresh cues from top central banks on their monetary policy plans, especially from the U.S. Federal Reserve.
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Some of the main stories out in the South African press:
– SA waits for cabinet to scrap masks after health minister gives thumbs up
– Cell C recapitalisation expected to close in July, says Blue Label
– COP26 chief wants to see SA’s investment plans for $8.5bn climate finance deal
– Interest rates: Reserve Bank acted early enough to keep inflation in check, says Kganyago (Compiled by Anait Miridzhanian)