SOUTH AFRICAN MARKETS The South African rand weakened on Friday as the dollar jumped higher after hawkish comments by a Fed official on the U.S. central bank's interest rate trajectory. GLOBAL MARKETS Asian stocks traded cautiously on Monday as U.S. earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world's second-largest economy is recovering. WALL STREET Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal Reserve interest rate hike, dampening investor enthusiasm after big U.S. bank earnings launched first-quarter reporting season. GOLD Gold prices inched higher on Monday but were off one-year highs reached late last week as mixed economic data prompted investors to reassess the U.S. Federal Reserve's rate hike trajectory and boosted the dollar. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY
- Baptism of fire for new Eskom generation boss
- Icasa puts last spectrum bands aside for auction
(Compiled by Alexander Winning)
