ECONOMIC EVENTS South Africa S&P Global April PMI
COMPANIES Pick n Pay announces full year results
SOUTH AFRICAN MARKETS The South African rand gained on Wednesday ahead of a Federal Reserve interest rate announcement that will set the tone for markets globally. Shares on the Johannesburg Stock Exchange gained on Wednesday, with the blue-chip Top-40 index .JTOPI closing 0.96% higher, and the broader all-share index .JALSH ending up 0.88%. GLOBAL MARKETS Global stock markets sagged while the Japanese yen rose on Thursday in reaction to the Fed's policy statement and signs of stress at another U.S. regional bank, spurring investors to price in a pivot rather than just a pause in rate rises WALL STREET U.S. stocks ended lower on Wednesday, reversing gains after comments by Federal Reserve Chair Jerome Powell left investors wondering what the U.S. central bank's next move would be with interest rate hikes. GOLD Gold prices traded near record-high levels on Thursday, as U.S. yields and the dollar dipped after the U.S. Federal Reserve hinted it may pause its rate-hike cycle. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - Russian plane owned by firm under sanctions in stealth landing at Waterkloof - Municipalities get reprieve over Eskom debt (Compiled by Nellie Peyton)
