ECONOMIC EVENTS Inflation-linked bond auction Treasury bill auction
SOUTH AFRICAN MARKETS The South African rand gained on Thursday as the dollar slipped after U.S. weekly jobless claims data fuelled hopes the U.S. Federal Reserve could slow interest rate hikes. GLOBAL MARKETS Asian stocks slid toward their worst week in a month-and-a-half on Friday and oil nursed losses, while bonds enjoyed their best bid in weeks as U.S. data and earnings showed signs of weakness. WALL STREET Major U.S. stock indexes ended lower on Thursday after disappointing quarterly reports from companies including Tesla and AT&T, while investors sought clarity on the path of interest rates. GOLD Gold prices drifted lower on Friday as the dollar steadied, although soft U.S. economic data reinforced expectations that the Federal Reserve would pause its tightening cycle after delivering one more rate hike next month. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - It's time for hard fiscal choices, says Kganyago - Citrus growers knock on Patel's door again for help
(Compiled by Alexander Winning)
