South African Markets - Factors to watch on March 20

Mon Mar 20, 2017 5:23am GMT
 

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Monday.

SOUTH AFRICAN MARKETS

South Africa's rand firmed to a near 19-month high on Friday over dovish comments by the U.S. Federal Reserve, which gave impetus to emerging market currencies against the retreating greenback.

Stocks fell, with Net1's Johannesburg-listed shares taking a hit over a court ruling that affected its operations.

GLOBAL MARKETS

Asian stocks were mixed on Monday in thin trade, following Wall Street's declines and the G20's decision to drop a pledge to avoid trade protectionism, while the Federal Reserve's less hawkish-than-expected comments continued to drag the dollar lower.

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UK £ USD =1.2964
Euro USD =1.1406
Rand USD =0.0771