South African Markets - Factors to watch on Feb 6

Kitco Media
By Reuters
Published:
Updated:
Reuters
JOHANNESBURG, Feb 6 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Monday. ECONOMIC EVENTS Investing in African Mining Indaba conference SOUTH AFRICAN MARKETS The South African rand fell against the dollar on Friday, after the release of a whole-economy survey that showed business activity shrinking in Africa's most industrialised economy. GLOBAL MARKETS Asian shares slid on Monday after a run of upbeat economic data from the United States and globally lessened the risk of recession, but also suggested interest rates would have to rise further and stay up for longer. WALL STREET Major U.S. stock indexes ended lower on Friday after surprisingly strong jobs data sparked concerns about aggressive Federal Reserve action, while investors digested a mixed bag of megacap company earnings reports. GOLD Gold prices regained some ground on Monday but a firmer dollar and concerns that the U.S. Federal Reserve might keep hiking interest rates kept bullion below the key $1,900-an-ounce level. EMERGING MARKETS For the top emerging markets news, double click on - - - -


Some of the main stories out in the South African press: BUSINESS DAY - Ramaphosa asks Mabuza to remain at his post, for now FIN 24 - Cash-strapped Transnet warns of rail tariff hikes to 'recover costs' - 'Challenged' Eskom runs job ad for new CEO with 'integrity and ethics' (Compiled by Anait Miridzhanian)

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