South African Markets - Factors to watch on Feb 8

JOHANNESBURG, Feb 8 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday. ECONOMIC EVENTS Investing in African Mining Indaba conference SOUTH AFRICAN MARKETS South Africa's rand inched higher against the dollar on Tuesday ahead of a speech by Federal Reserve Chair Jerome Powell.

Shares on the Johannesburg Stock Exchange were little changed, with both the broader all-share index .JALSH and the top-40 index .JTOPI closing not far from their previous close. GLOBAL MARKETS Asian equities rose, while the dollar wobbled on Wednesday after less hawkish than feared comments from Federal Reserve Chair Jerome Powell boosted risk appetite and investor hopes that the central bank may soon ease monetary policy. WALL STREET U.S. stocks rallied to a convincingly higher close on Tuesday, but trade was choppy as investors digested comments from Federal Reserve Chair Jerome Powell about how long the central bank may need to tame inflation. GOLD Gold prices ticked higher on Wednesday as the dollar retreated from a one-month peak after U.S. Federal Reserve Chair Jerome Powell did not revert to a more hawkish stance despite last week's stronger-than-expected jobs report. EMERGING MARKETS For the top emerging markets news, double click on - - - -

Some of the main stories out in the South African press: BUSINESS DAY - Kieswetter warns power cuts will drag down tax take FIN 24 - As ANC MPs attack De Ruyter, Eskom chair denies Ramaphosa asked for tariff hike halt - Grain silos hit by massive diesel generator costs (Compiled by Nellie Peyton)

Reuters

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South African Markets - Factors to watch on Feb 8

By Reuters

Reuters

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