ECONOMIC EVENTS March consumer price index February retail sales SOUTH AFRICAN MARKETS South African stocks and the rand strengthened on Tuesday after the resources index jumped on the back of higher platinum group metals prices. GLOBAL MARKETS Stocks eased on Wednesday, while the dollar was under a little pressure, as traders shifted focus from U.S. banking stress to expectations for an imminent peak in the Federal Reserve's interest rate cycle. WALL STREET The S&P 500 eked out a slim gain on Tuesday after strength in some big technology stocks countered disappointing quarterly reports from Johnson & Johnson and Goldman Sachs as first-quarter earnings season kicked into gear. GOLD Gold prices edged lower on Wednesday as the U.S. dollar regained some ground, while traders assessed chances of the U.S. Federal Reserve raising interest rates just once more in May before pausing. 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 snubs vaccine maker Biovac with switch to imports
- German prosecutors want arrest warrant for Markus Jooste
(Compiled by Alexander Winning)
