ECONOMIC EVENTS South Africa's S&P Global PMI Inflation-linked bond auction Treasury bill auction
SOUTH AFRICAN MARKETS South Africa's rand weakened on Thursday, as the dollar firmed on strong U.S. labour data, which suggested the Federal Reserve will likely keep rates higher for longer. On the stock market, the Top-40 index and the broader all-share index were both down about 1.4%. GLOBAL MARKETS Asian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve as well as on prospects of a solid economic recovery in China. WALL STREET U.S. stocks rallied on Thursday, as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favored path of interest rate hikes for the central bank. GOLD Gold prices rose on Friday and looked set to post their biggest weekly gain since mid-January, as the U.S. dollar eased, while traders assessed prospects of further rate hikes by the Federal Reserve. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - Forensic report confirms ‘deliberate, premeditated’ sabotage at Tutuka FIN 24 - Private power projects worth 20GW - equal to six load shedding stages - seek grid access, Eskom says (Compiled by Anait Miridzhanian)
