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South African Markets -Factors to watch on Jan 21

ReutersJan 21, 2025 5:32 AM

- The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

South African government bond auction

November mining production data ZAMNG=ECI

South African President Cyril Ramaphosa address to World Economic Forum

SOUTH AFRICAN MARKETS

The South African rand jumped on Monday as markets waited for U.S. President-elect Donald Trump's policy announcements for further clarity on his administration's fiscal stance.

On the Johannesburg Stock Exchange, the blue-chip Top-40 index .JTOPI last traded about 0.1% up..JZAR/

GLOBAL MARKETS

Global markets greeted Donald Trump's presidency with apprehension on Tuesday in moves that were highly sensitive to headlines over the newly sworn-in president's plans for trade relations and tariffs in particular.MKTS/GLOB

WALL STREET

U.S. stocks rallied on Friday to close out a strong week on optimism over the health of the economy and path of interest rates as investors braced for a slew of policy changes under the incoming Trump administration..N

GOLD

Gold prices rose for a second session on Tuesday as the dollar weakened, with markets evaluating the possible consequences of U.S. President Donald Trump's policies in his second term after his inauguration.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

- S&P expects SA's rail, ports and water spend to be a boon for banks

- Ericsson faces huge lawsuit in SA over Angola 'off-the-books' dealings

- Afrigen gets $6.2 mln grant to develop mRNA vaccine for Rift Valley fever

(Compiled by Tannur Anders)

((Tannur.Anders@thomsonreuters.com))

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