South African Markets - Factors to watch on Feb 16

Kitco Media
By Reuters
Published:
Updated:
Reuters
JOHANNESBURG, Feb 16 (Reuters) - The following scheduled equity and currency market moves may affect South African markets on Thursday. SOUTH AFRICAN MARKETS The South African rand weakened against a stronger dollar on Wednesday after domestic inflation figures came in line with expectations. GLOBAL MARKETS Asia's stocks rose on Thursday, with investors choosing to cheer strong U.S. retail sales data as good news for earnings rather than worry about it being likely to support interest rate rises. WALL STREET Wall Street was mixed on Wednesday after stronger-than-expected retail sales data offered evidence of resilience in the U.S. economy, while also fueling expectations of more interest rate hikes by Federal Reserve in the months ahead. GOLD Gold prices regained some ground on Thursday as the U.S. dollar pulled back, although prospects of more interest rate hikes by the Federal Reserve kept investors on edge. EMERGING MARKETS For the top emerging markets news, double click on - - - -


Some of the main stories out in the South African press: BUSINESS DAY - Red-hot coal prices light up Glencore's profit FIN 24 - MPs to Transnet: Fix this mess you are creating for the ANC government (Compiled by Nellie Peyton)

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