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South African Markets - Factors to watch on February 27

ReutersFeb 27, 2025 6:32 AM

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

ECONOMIC EVENTS

South Africa January producer inflation figures

COMPANIES

Impala Platinum half-year profit plunges 43% as low metal prices persist

Truworths half-year results

SOUTH AFRICAN MARKETS

South Africa's rand was stable on Wednesday as markets awaited U.S. gross domestic product data and an inflation reading later this week.

On the Johannesburg Stock Exchange, the blue-chip Top-40 index .JTOPI closed about 0.7% higher. .JZAR/

GLOBAL MARKETS

The U.S. dollar firmed in early Asian hours on Thursday as Treasury yields ticked higher while investors assessed the outlook for tariffs and the economy under President Donald Trump. MKTS/GLOB

WALL STREET

The S&P 500 ended little changed on Wednesday ahead of quarterly results from Nvidia, whose positive outlook could set the tone for the artificial intelligence sector. .N

GOLD

Gold eased on Thursday, pressured by a stronger U.S. dollar and rising Treasury yields, while investors awaited a key inflation report to assess the Federal Reserve's policy path. 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

- Sars boss resolute against tax increase

- Acsa in court battle over R3.15bn airport baggage screening tender

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