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South African Markets - Factors to watch on February 26

ReutersFeb 26, 2025 5:42 AM

- The following scheduled economic event, company announcement, equity and currency market moves may affect South African markets on Wednesday.

ECONOMIC EVENTS

South Africa January consumer inflation data

COMPANIES

South Africa's Bidcorp half-year profit jumps 6%

SOUTH AFRICAN MARKETS

South Africa's rand was stable on Tuesday amid market caution about U.S. President Donald Trump's tariff plans and geopolitical stance.

On the stock market, the Top-40 .JTOPI index closed about 0.5% higher. .JZAR/

GLOBAL MARKETS

U.S. Treasury yields regained some lost ground on Wednesday after the House of Representatives advanced President Donald Trump's tax-cut agenda, while the dollar and oil prices struggled on mounting worries over the U.S. growth outlook.MKTS/GLOB

WALL STREET

U.S. stocks struggled on Tuesday, with the S&P 500 and the Nasdaq touching one-month lows as a dour consumer confidence report put mounting economic uncertainties into sharp relief. .N

GOLD

Gold prices inched higher on Wednesday after hitting a one-week low in the previous session, as uncertainties stemming from U.S. President Donald Trump's tariff plans dampened risk appetite and boosted demand for safe-haven bullion. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

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Some of the main stories out in the South African press:

BUSINESS DAY

- Mahindra unveils big plans for SA

- Fiscal tug-of-war emerges over government spending

FIN 24

- SA's credit rating may be four notches too low, says Standard Bank boss

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