ECONOMIC EVENTS Foreign trading in South African stocks and bonds
SOUTH AFRICAN MARKETS The South African rand was flat on Friday after a volatile week fuelled by fears of a global banking crisis and the implications for monetary policy.
The Johannesburg Stock Market closed lower, with the blue-chip Top-40 index falling 0.66% and its broader all-share index sliding 0.52%. GLOBAL MARKETS Equity futures and Asian stocks struggled to stabilise on Monday as a weekend deal to rescue Credit Suisse and promises of liquidity from central banks offered little lasting respite from fears that a bigger banking crisis is brewing. WALL STREET Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession. GOLD Gold prices dropped on Monday, with their safe-haven appeal diminished as risk sentiment improved after Swiss lender UBS sealed a deal to buy peer Credit Suisse in a rescue effort to stabilise global financial markets. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - State says it’s ready to keep violence in check amid showdown with EFF - Tiger Brands hit by consequences of greylisting
FIN 24 - Transnet heightens security ahead of EFF shutdown - Power price hike of almost 19% confirmed for April, despite Ramaphosa plea (Compiled by Anait Miridzhanian)
