March 8, 2018 / 5:36 AM / 9 months ago

South African Markets - Factors to watch on March 8

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

COMPANIES

MTN FY results

Exxaro Resources FY results

Aspen HY results

Sanlam FY results

HomeChoice FY results

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SOUTH AFRICAN MARKETS

Rand weakened on Wednesday along with other emerging markets as investors dumped risky assets after a key free trade advocate in the White House resigned, fanning fears U.S. President Donald Trump will trigger a trade war.

GLOBAL MARKETS

Asian shares found relief on Thursday as fears about a global trade war amid U.S. President Donald Trump’s push to introduce protectionist tariffs were tempered by signs the move could include carve-outs for key partners.

WALL STREET

The S&P 500 ended slightly lower after Wednesday’s volatile session as investors struggled to get a read on U.S. trade policy after President Donald Trump promised hefty import tariffs but then said Mexico and Canada could be exempt.

GOLD

Gold prices held steady on Thursday as investors awaited more details on U.S. President Donald Trump’s proposed steel and aluminium tariffs, the outcome of the European Central Bank’s policy meeting, and U.S. jobs data.

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

- MMI cans dividend to buy back shares

- Poll shows DA support in doldrums

BUSINESS REPORT

- BMW guns for shipping cartels

- Rand Merchant concerned about structural imbalances (Compiled by Joe Brock)

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