South African Markets - Factors to watch on Jan 10
JOHANNESBURG, Jan 10 (Reuters) - The following scheduled economic event, equity and currency market moves may affect South African markets on Friday.
ECONOMIC EVENTS
South African inflation-linked bond auction
SOUTH AFRICAN MARKETS
South Africa's rand was steady on Thursday as investors mulled over the outlook for U.S. interest rates and the potential for aggressive tariffs by President-elect Donald Trump.
On the stock market, the Top-40 .JTOPI index closed 0.8% higher..JZAR/
GLOBAL MARKETS
Wall Street futures fell in Asia and Treasury yields held near eight-month highs on Friday as investors counted down to a U.S. jobs report that could exacerbate or ease the sell-off in the global bonds market.MKTS/GLOB
WALL STREET
U.S. stocks ended little changed on Wednesday in a session they struggled for a clear direction, as investors digested the impact of two conflicting sets of jobs data and a report that said President-elect Donald Trump was mulling a national economic emergency declaration on inflation.
The New York Stock Exchange and Nasdaq were closed for trading on Thursday to remember the life of former President Jimmy Carter..N
GOLD
Gold prices hovered near a four-week high on Friday, poised for their best week since mid-November, as investors awaited U.S. jobs data to gauge how aggressively the Federal Reserve might cut interest rates this year.GOL/
EMERGING MARKETS
For the top emerging markets news, double click on nTOPEMRG
- - - -
Some of the main stories out in the South African press:
BUSINESS DAY
- Government must not miss the boat in 2025, ministers warn
FIN 24
- BofA sees big share gains for FirstRand, Capitec and Absa but expects Standard Bank to struggle
(Compiled by Sfundo Parakozov; Editing by Tannur Anders)
((Sfundo.Parakozov@thomsonreuters.com))
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