February 9, 2018 / 5:21 AM / 15 days ago

South African Markets - Factors to watch on Feb 9

JOHANNESBURG, Feb 9 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves may affect South African markets on Friday.

ECONOMIC EVENTS

Inflation-linked bond auction

Weekly Treasury bill auction

SOUTH AFRICAN MARKETS

South Africa’s rand edged firmer on Thursday but remained above the crucial 12.00 mark against the dollar as the continuing stalemate over President Jacob Zuma’s future capped demand.

GLOBAL MARKETS

Asian stocks fell on Friday, with Chinese shares slipping to multi-month lows after Wall Street shares dropped again in the face of rapidly-rising bond yields, while perceived havens such as the yen and Swiss franc were in demand.

WALL STREET

U.S. stocks plunged around 4 percent on Thursday in another dramatic session, confirming a correction that has thrown the market’s nearly nine-year bull run off course.

GOLD

Gold held steady on Friday amid tumbling equity markets, but a firmer dollar and worries about rising global interest rates dragged on prices.

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

- The budget balancing act

- Cyril Ramaphosa brings hope for mining, says Mbazima

BUSINESS REPORT

- Mining sector on the road to recovery

- Basil Read to raise R150m from a non-core asset disposal (Reporting by Alexander Winning)

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