South African Markets - Factors to watch on February 24
JOHANNESBURG, Feb 24 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.
ECONOMIC EVENTS
December business cycle leading indicator ZALEAD=ECI
Weekly government bond auction
SOUTH AFRICAN MARKETS
The South African rand gained on Monday as investors turned their attention towards the 2026 national budget to be tabled later this week amid what analysts described as a "relatively favourable macroeconomic backdrop".
On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was last up 1.3%..JZAR/
GLOBAL MARKETS
Asian stocks stabilised after a wobbly start on Tuesday as a fresh AI-linked selloff on Wall Street rattled investors, with sentiment also hurt by heightened anxiety over U.S. President Donald Trump's tariff policy and geopolitical tensions.MKTS/GLOB
WALL STREET
Wall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday's U.S. Supreme Court ruling sent investors fleeing from high-risk equities.N
GOLD
Gold prices fell on Tuesday as investors booked profits after bullion rose more than 2% in the previous session, while pressure from a stronger dollar also weighed on the yellow metal.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:
NEWS24
- SA car shifts: Indian imports up nearly 60%, while key export market Belgium surges
- Outpaced and outdated: Why SA is nowhere in global trade deal boom
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