South African Markets – Factors to watch on Feb 10
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.
COMPANIES
– ArcelorMittal South Africa releases Full-year results.
– Brait releases third quarter results.
SOUTH AFRICAN MARKETS
South Africa’s rand weakened slightly on Thursday, weighed down by a rebound in the U.S. dollar, ahead of President Jacob Zuma’s annual state of the nation speech.
GLOBAL MARKETS
Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses.
WALL STREET
Wall Street’s three main indexes surged to fresh record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few weeks.
GOLD
Gold fell on Friday on a firmer dollar after U.S. President Donald Trump promised a major tax announcement and as economic data boosted expectations of a U.S. rate hike.
EMERGING MARKETS
For the top emerging markets news, double click on
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Some of the main stories out in the South African press:
BUSINESS DAY
– Flayed Zuma delivers transformation plan
– Uncertainty ‘stymies coal miners’
BUSINESS REPORT
– Banks shielded from the bad debt