off-the-wire

South African Markets - Factors to watch on March 29

Kitco Media
By Reuters
Published:
Updated:
Reuters
JOHANNESBURG, March 29 (Reuters) - The following equity and currency market moves may affect South African markets on Wednesday.


SOUTH AFRICAN MARKETS South African mining stocks rose on Tuesday on the back of a weaker dollar and bigger risk appetite from investors, while local currency rand strengthened. GLOBAL MARKETS Asian shares rose sharply on Wednesday while the dollar was on the defensive as easing concerns over the banking sector revived risk appetite, while Alibaba's 9988.HK stock soared on the internet behemoth's plans to split into six units. WALL STREET U.S. stocks ended slightly lower on Tuesday as investors weighed comments from a top U.S. regulator on struggling banks and sold shares of technology-related names after their recent strong run. GOLD Gold prices dropped on Wednesday as easing worries over a potential bigger fallout from the global banking crisis increased appetite for riskier assets and dampened demand for the safe-haven metal. EMERGING MARKETS For the top emerging markets news, double click on - - - -


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


BUSINESS DAY - SA to nudge China towards political solution in Transnet impasse - Retailers come under fire for ‘unjustifiable’ food price hikes
(Compiled by Nellie Peyton)

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