ECONOMIC EVENTS February leading business cycle indicator Weekly government bond auction
SOUTH AFRICAN MARKETS The South African rand slipped on Monday as markets awaited economic data out of the U.S. later this week that could influence the Federal Reserve's rate-hiking cycle. GLOBAL MARKETS Stocks fell broadly and the U.S. dollar also weakened early on Tuesday, reflecting investors' uncertainty in a busy week for corporate earnings and economic data. WALL STREET The Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from firms including Microsoft while Tesla shares fell on concerns about its spending plans. GOLD Gold prices ticked higher on Tuesday after the dollar retreated as cautious investors awaited further U.S. economic data due this week to gauge the Federal Reserve's next policy move. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY
- Ramokgopa wins battle to delay shutdown of Eskom
coal-fired power stations
- Office vacancies peak at highs last recorded in 2003
(Compiled by Alexander Winning)
