JOHANNESBURG, Feb 9 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves may affect South African markets on Friday.
Inflation-linked bond auction
Weekly Treasury bill auction
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.
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.
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 held steady on Friday amid tumbling equity markets, but a firmer dollar and worries about rising global interest rates dragged on prices.
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Some of the main stories out in the South African press:
- The budget balancing act
- Cyril Ramaphosa brings hope for mining, says Mbazima
- Mining sector on the road to recovery
- Basil Read to raise R150m from a non-core asset disposal (Reporting by Alexander Winning)