South African Markets - Factors to watch on March 2

JOHANNESBURG, March 2 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday.

COMPANIES Impala Platinum results FirstRand results

SOUTH AFRICAN MARKETS The South African rand gained on Wednesday after China's manufacturing activity expanded at its fastest pace since April 2012, fuelling risk-on appetite globally.

On the stock market, the Top-40 closed 1.27% higher and the broader all-share index was up 1.15%. GLOBAL MARKETS A rally in Asian shares sputtered on Thursday, pressured by a pullback in Chinese stocks and higher U.S. yields amid fears that global central banks would keep raising interest rates to combat sticky inflation. WALL STREET The S&P 500 and Nasdaq fell for a second straight session on Wednesday as Treasury yields jumped after manufacturing data indicated inflation is likely to remain stubbornly high, while comments from Federal Reserve policymakers supported a hawkish policy stance. GOLD Gold prices were lower on Thursday as the dollar firmed, with a fresh set of global economic data cementing investor worries that global interest rates would stay higher for longer than expected. EMERGING MARKETS For the top emerging markets news, double click on - - - -

Some of the main stories out in the South African press:

FIN 24 - 100 years of Eskom: From Van der Bijl to 'power company of the year' to SA's biggest risk (Compiled by Anait Miridzhanian)

Reuters

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off-the-wire

South African Markets - Factors to watch on March 2

By Reuters

Reuters

Reuters

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