ECONOMIC EVENTS Weekly government bond auction Statistics South Africa to publish unemployment data Q1 2023 Finance minister to deliver budget vote for national treasury in parliament
SOUTH AFRICAN MARKETS South Africa's rand firmed on Monday, recovering from an all-time low hit against the dollar last week as investors were spooked by possible sanctions amid U.S. allegations, rejected by Pretoria, that South Africa had shipped arms to Russia.
On the stock market, the Top-40 and the broader all-share index were both almost flat. GLOBAL MARKETS Asia stocks mostly held firm on Tuesday despite weaker-than-expected Chinese economic data, with investors expecting the world's second-biggest economy to provide policy support. WALL STREET The S&P 500 and the Dow ended with modest gains on Monday after manufacturing data raised concerns about a slowing U.S. economy that could help bring down inflation amid ongoing debt ceiling negotiations, while a rise in Meta shares helped lift the Nasdaq. GOLD Gold prices eased in a narrow range on Tuesday as traders assessed comments from U.S. central bank officials on interest rates staying high, while the US debt-ceiling debate and risk of a default curbed further losses in bullion. EMERGING MARKETS For the top emerging markets news, double click on - - - -
Some of the main stories out in the South African press:
BUSINESS DAY - Discovery fails in bid to appeal against R25m award to former stockbroker (Compiled by Bhargav Acharya)
