South African Markets – Factors to watch on April 23

0
1320

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

 

ECONOMIC EVENTS

– No major economic releases.

 

COMPANIES

– No major company releases.

 

SOUTH AFRICAN MARKETS

South Africa’s rand weakened by as much as one percent on
Friday, hit by returning demand for the dollar and rising U.S.
treasury yields that prompted profit taking after the local
currency’s recent rally.

Stocks nudged higher with Steinhoff International SNHJ.J and
British American tobacco .BTIJ.J among the better
performers.

 

GLOBAL MARKETS

Asian stocks dipped on Monday as investors braced for a bevy
of earnings from the world’s largest corporations, while keeping
a wary eye on U.S. bond yields as they approach peaks that have
triggered market spasms in the past.

 

WALL STREET

Wall Street’s three major indexes declined on Friday as
investors worried about a jump in U.S. bond yields, with
technology stocks leading the decline on nerves about upcoming
earnings reports and iPhone demand.

 

GOLD

Gold prices slipped to their lowest level in nearly two
weeks on Monday as the dollar rose on the back of climbing U.S.
Treasury yields and as global political concerns eased.

 

EMERGING MARKETS

For the top emerging markets news, double click on

– – – –

Some of the main stories out in the South African press:

 

BUSINESS DAY

– ANC leaders to hold emergency meeting on North West
protests.

 

BUSINESS REPORT

– Murray and Roberts urges shareholders to retract
greenlight for hostile share offer.