South African Markets - Factors to watch on Feb 3

Kitco Media
By Reuters
Published:
Updated:
Reuters
JOHANNESBURG, Feb 3 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Friday. ECONOMIC EVENTS Whole economy PMI SOUTH AFRICAN MARKETS The South African rand held steady on Thursday, after surging a day earlier when the U.S. Federal Reserve signalled it had turned a corner in the fight against inflation. GLOBAL MARKETS Asian shares turned lower and the dollar regained some of its footing on Friday, as disappointing earnings from U.S. tech giants undermined sentiment ahead of a key U.S. non-farm payrolls report. WALL STREET The Nasdaq and S&P 500 ended higher on Thursday and touched roughly five-month highs as a more dovish-than-expected message from Federal Reserve Chair Jerome Powell boosted equities and Meta Platforms shares soared on rigorous cost controls. GOLD Gold prices steadied on Friday after a sharp sell-off in the previous session, as traders digested rate-hike remarks from global central banks, but the metal was set for its first weekly drop in seven amid a strong dollar. EMERGING MARKETS For the top emerging markets news, double click on - - - -


Some of the main stories out in the South African press: BUSINESS DAY - Mminele steps down with SA clean energy funding in limbo - De Ruyter gives peek into coal corruption (Compiled by Alexander Winning)

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