ECONOMIC EVENTS Foreign trading in South African stocks and bonds
COMPANIES Absa Group results MTN Group results
SOUTH AFRICAN MARKETS Shares on the Johannesburg Stock Exchange fell on Friday as a sell-off in banking stocks globally drove investors away from riskier assets following mixed U.S. jobs data. GLOBAL MARKETS U.S. stock futures rallied in tense Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank, while investors wagered a rate hike this month was no longer a certainty. WALL STREET Wall Street's indexes ended down more than 1% on Friday after investors ran for the exits as they feared for the health of U.S. banks after the failure of a high-profile lender to the technology sector, overshadowing the February jobs report. GOLD Gold prices jumped more than 1% and made a run towards the key $1,900 level on Monday as fears of a fallout from the largest U.S. bank failure since the 2008 financial crisis drove investors to the safe-haven asset. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY
- All three Karpowership applications stuck in limbo
- Public protector shifts blame for Phala Phala to police
(Compiled by Alexander Winning)
