ECONOMIC EVENTS Government bond auction
January foreign reserves
Investing in African Mining Indaba conference
SOUTH AFRICAN MARKETS South Africa's rand weakened on Monday, as the U.S. dollar jumped on expectations that the U.S. Federal Reserve might pursue its inflation-fighting interest rate hikes for longer. Shares on the Johannesburg Stock Exchange followed similar moves as global equities and ended lower. GLOBAL MARKETS Asian share markets stabilised somewhat on Tuesday after steep losses in the past 24 hours, while the U.S dollar remained elevated as investors considered the prospects interest rates would remain higher for longer in many developed economies. WALL STREET U.S. stocks ended lower on Monday as investors shifted gears after considering the possibility that the U.S. Federal Reserve may take longer to start cutting interest rates. GOLD Gold prices rose on Tuesday as the dollar pulled back slightly, with traders awaiting U.S. Federal Reserve Chair Jerome Powell's speech later in the day for hints about future rate hikes after last week's strong economic data. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press: BUSINESS DAY - Mantashe's department says it's ready to unleash mining exploration FIN 24 - 'We are ready to help' - big mines want to assist govt with rail, power crises (Compiled by Nellie Peyton)
