Some of the main stories out in the South African press: BUSINESS DAY - Exporters turn to government for help with EU citrus rules - Power woes inhibit motor industry's localisation plans FIN 24 - Mine gets going in Mpumalanga as global appetite for coal turns ravenous (Compiled by Alexander Winning)
JOHANNESBURG, Feb 2 (Reuters) - The following equity and
currency market moves may affect South African markets on
Thursday.
SOUTH AFRICAN MARKETS
South Africa's rand strengthened against a weakened dollar
on Wednesday as investors awaited the U.S. Federal Reserve's
interest rate decision. GLOBAL MARKETS
Asian stocks jumped on Thursday while the dollar eased after
Fed Chair Jerome Powell said a "disinflationary" process was
underway, boosting risk appetite and hopes that the U.S. central
bank will soon end its monetary tightening streak. WALL STREET
The S&P 500 and the Nasdaq closed sharply higher on
Wednesday after Fed Chair Powell acknowledged that inflation was
starting to ease, in remarks following a quarter-point rate hike
by the U.S. central bank. GOLD
Gold prices extended gains on Thursday to touch their
highest in more than nine months after the U.S. Fed raised
interest rates by an expected 25 basis points and Chair Powell's
comments were read as dovish by the market. EMERGING MARKETS
For the top emerging markets news, double click on - - - -
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.