off-the-wire

South African Markets - Factors to watch on March 15

Kitco Media
By Reuters
Published:
Updated:
Reuters
JOHANNESBURG, March 15 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Wednesday.


ECONOMIC EVENTS January retail sales


COMPANIES Growthpoint results


SOUTH AFRICAN MARKETS South African shares were subdued on Tuesday as the brewing U.S. banking crisis continued to weigh on global markets while the rand traded higher on appetite for emerging market currencies sparked by the fallout. GLOBAL MARKETS Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as U.S. inflation data delivered no nasty surprises, reinforcing hopes the Federal Reserve will likely go for a smaller rate hike when it meets next week. WALL STREET U.S. stocks bounced back on Tuesday as largely on-target inflation data and easing jitters over contagion in the banking sector cooled expectations regarding the size of the rate hike at the Federal Reserve's policy meeting next week. GOLD Gold prices edged up in range-bound trading on Wednesday due to a softer dollar, while investors assessed the U.S. Federal Reserve's rate-hike trajectory after a closely-watched consumer prices report showed still-high inflation. EMERGING MARKETS For the top emerging markets news, double click on - - - -


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


FIN 24 - Government has oil for 50 days and wants to stockpile diesel, petrol too
(Compiled by Alexander Winning)

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