April 20, 2012 / 5:23 AM / in 5 years

South African Markets - Factors to watch on April 20

JOHANNESBURG, April 20 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.

DIARY

For South Africa corporate diary, click on

For southern and South Africa diary, click on

COMPANIES

The following companies to trade ex-dividend:

- Shoprite

- Truworths

SOUTH AFRICAN MARKETS

South African stocks ticked up on Thursday for a third day running, boosted by solid demand at a Spanish bond sale and led by the likes of miner BHP Billiton, which extended gains from the previous session on better-than-expected output figures.

South Africa’s rand and government bonds slipped on Thursday, taking a break after sharp rallies earlier in the week and as investors fretted about the euro zone debt crisis.

GLOBAL MARKETS

Asian shares fell and commodity-linked currencies such as the Australian dollar slipped on Friday after disappointing U.S. economic data stirred doubts about the strength of the recovery.

Renewed worries on the euro zone debt crisis also kept riskier assets under pressure, as a better-than-feared Spanish bond auction failed to allay concerns that Spain may follow Greece, Ireland and Portugal in needing an international bailout.

WALL STREET

U.S. stocks fell for a second day on Thursday as labor market data showed more signs of weakness, while a warning from Qualcomm and poor results from Stanley Black & Decker also discouraged investors.

A late bounce cut the Dow’s and the S&P 500’s losses almost in half.

GOLD

Gold held steady on Friday in listless trading as persistent concerns about the euro zone’s finances and disappointing U.S. economic data put off most investors.

EMERGING MARKETS

For the top emerging markets news, double click on

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

BUSINESS DAY

- Stiglitz gives nod to S.Africa’s ambitious build plans

- S&P warns of risk of ‘credit bubble’ if unsecured lending growth persists

BUSINESS REPORT

- E-tolling leaves taxis in the dark

- Infrastructure drive to stimulate S.Africa’s economic growth - Stiglitz (Compiled by Olivia Kumwenda)

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