ECONOMIC EVENTS International reserves data COMPANIES Redefine Properties results SOUTH AFRICAN MARKETS The South African rand slipped against the dollar on Friday after stronger-than-expected U.S. jobs data signalled that the Federal Reserve could continue with its rate hike cycle. GLOBAL MARKETS Asian shares were mostly higher on Monday as investors braced for a week where U.S. inflation data will test wagers the next move in interest rates will be down, while worries about a possible credit crunch weighed on the dollar. WALL STREET U.S. stocks rallied on Friday, with the Dow posting its biggest one-day percentage gain since Jan. 6, as shares of Apple surged more than 4% after upbeat results and U.S. jobs data pointed to a resilient labour market. GOLD Gold prices edged up on Monday as the dollar eased, while investors awaited a key U.S. inflation data due this week that could influence the Federal Reserve's monetary policy stance. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - SA motor industry's trade surplus cut in half - Renewable power bid window 7 to open in June - Sasria rules out unrest claims if power grid collapses
FIN 24 - Mounting pressure for Standard Bank to make a call on east Africa oil pipeline (Compiled by Alexander Winning)
