SOUTH AFRICAN MARKETS The South African rand weakened on Friday, as rising expectations that the U.S. Federal Reserve will raise interest rates by 25 basis points in May lent support to the dollar. GLOBAL MARKETS Asian shares started cautiously on Monday in a week packed with economic data and central bank meetings, along with earnings from the tech giants that have kept the S&P 500 afloat so far this year. WALL STREET Major U.S. stock indexes ended with fractional gains on Friday following mixed earnings results as investors assessed how conflicting economic data might influence interest rates and looked ahead to a massive week of corporate reports. GOLD Gold prices edged lower on Monday for a second consecutive session, as investor focus shifted to central bank meetings for clarity on their rate-hike strategies. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY
- Ebrahim Patel deplores EU's planned carbon import tariff
- Seriti opens 25-year underground extension at Mpumalanga
coal mine
(Compiled by Alexander Winning)
