off-the-wire

South African Markets - Factors to watch on March 9

Kitco Media
By Reuters
Published:
Updated:
Reuters
JOHANNESBURG, March 9 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Thursday.


ECONOMIC EVENTS South Africa current account data for Q4 2022


COMPANIES Sanlam full-year results Standard Bank full-year results


SOUTH AFRICAN MARKETS The South African rand recovered some ground on Wednesday after hitting its lowest level in almost three years after South African data showed a sharp economic contraction and on hawkish comments from U.S. Federal Reserve Chair Jerome Powell. GLOBAL MARKETS Asian shares wobbled while the dollar was perched near a three-month top on Thursday after a spate of economic data overnight appeared to support Federal Reserve Chairman Jerome Powell's hawkish guidance on further interest rate increases. WALL STREET U.S. stock indexes struggled for direction on Wednesday as investors worried about a potential recession, a day after comments from Federal Reserve Chair Jerome Powell fueled bets of sharper rate hikes GOLD Gold prices traded in a tight range on Thursday as some investors stayed on the sidelines ahead of U.S. jobs data that could influence the Federal Reserve's monetary policy path. EMERGING MARKETS For the top emerging markets news, double click on - - - -


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


BUSINESS DAY - ANC prepares for legal fight with André de Ruyter over corruption claims - Karpowership not welcome in Saldanha port (Compiled by Nellie Peyton)

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