SOUTH AFRICAN MARKETS The South African rand gained against the dollar on Tuesday as the U.S. currency fell ahead of inflation data, which could provide some clues on the monetary policy trajectory of the Federal Reserve. On the Johannesburg Stock Exchange, the Top-40 index closed 1.22% higher, while the broader all-share index closed up 1.14%. GLOBAL MARKETS Asian equities inched lower on Wednesday ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve's monetary policy path, with markets wagering another hike in interest rates at the central bank's next meeting. WALL STREET Wall Street stocks ended mixed on Tuesday, losing steam late in the session as investors awaited crucial inflation data and the unofficial kick-off of first-quarter reporting season. GOLD Gold prices gained on Wednesday as investors keenly await key U.S. inflation data for signs of how close interest rates are to peaking. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - Sibanye-Stillwater reaches deal with lenders to increase size of revolving credit facility
FIN 24 - IMF cuts growth forecasts, with South Africa taking the biggest hit - G20 finance heads face reform calls from Global South (Compiled by Anait Miridzhanian)
