ECONOMIC EVENTS January mining output January factory production Weekly government bond auction
COMPANIES Old Mutual results Attacq results SOUTH AFRICAN MARKETS The South African rand firmed on Monday as the dollar fell sharply on expectations that the largest U.S. bank failure since the 2008 financial crisis would prompt the Federal Reserve to slow the pace of its interest rate hikes. GLOBAL MARKETS Asia's share markets slid on Tuesday, with financial stocks in Tokyo leading losses as fear of a U.S. banking crisis had investors fleeing the sector and slashing the interest rate outlook even ahead of U.S. inflation data due later in the day. WALL STREET Sliding bank shares dragged Wall Street down on Monday with investors worried about contagion from the Silicon Valley Bank collapse, but trade was choppy and the Nasdaq composite ended higher as some sectors benefited from hopes the Federal Reserve could ease up on interest rates hikes. GOLD Gold prices slipped on Tuesday from a more than five-week high, but held above the key $1,900 level as expectations grew that the U.S. Federal Reserve would dial back its rate hikes after the collapse of two big regional banks. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - Agribusiness confidence smashed back to early COVID era
FIN 24 - MTN takes massive beating on JSE as it warns of load-shedding fallout
(Compiled by Alexander Winning)
