JOHANNESBURG, Jan 4 (Reuters) – The following scheduled
equity and currency market moves may affect South African
markets on Wednesday.
SOUTH AFRICAN MARKETS
South Africa’s rand was flat on Tuesday, as investors
awaited minutes from the last U.S. Federal Reserve policy
meeting in December for clues on its interest rate path for
2023.
On the stock market, the Top-40 and the broader
all-share indexes ended around 2% higher.
GLOBAL MARKETS
Asian equities rose on Wednesday, while the dollar was on
the back foot after a steep spike overnight, with investors
keenly awaiting minutes from the Federal Reserve’s most recent
meeting to gauge the path forward for interest rates.
WALL STREET
Wall Street’s main indexes closed lower on the first trading
day of 2023 with the biggest drags from Tesla and Apple, while
investors worried about the Federal Reserve’s interest-rate
hiking path as they awaited minutes from its December meeting.
GOLD
Gold prices edged higher on Wednesday, supported by a
pullback in the dollar, although caution prevailed as investors
awaited minutes from the Federal Reserve’s December policy
meeting that could offer hints on the U.S. central bank’s
tightening path.
EMERGING MARKETS
For the top emerging markets news, double click on
– – – –
Some of the main stories out in the South African press:
BUSINESS DAY
– SA, Nigeria and Ghana are risks for Sub-Saharan Africa in
2023, says Fitch
(Compiled by Bhargav Acharya)
