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SOUTH AFRICAN MARKETS The South African rand recovered some losses it incurred earlier on Wednesday after local inflation data showed a rise in prices for the second consecutive month. GLOBAL MARKETS Asian stocks edged lower on Thursday, while the dollar was on the back foot as investors remained cautious ahead of an expected 25 basis point hike in interest rates by the U.S. Federal Reserve next month. WALL STREET The S&P 500 ended virtually unchanged on Wednesday while the Dow dipped as investors digested a mixed bag of corporate earnings, including upbeat reports from medical technology companies, countered by weakness in Netflix shares. GOLD Gold prices inched down on Thursday, after hitting a more than two-week low in the previous session, as investors grappled with the likelihood of more interest rate hikes by central banks to contain inflationary pressures. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - Kganyago admits prices shocked as Reserve Bank affirms inflation forecast - Crisis committee to meet on plans for coal plant life support
FIN 24 - New plan to keep coal stations alive may kill $8.5 bln deal, critics warn (Compiled by Alexander Winning)
