The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
- South Africa’s premier mining conference in Cape Town continues.
South Africa’s rand steadied against the dollar in late afternoon trade on Tuesday as traders awaited U.S. President Donald Trump’s State of the Union address which could hint at progress in U.S.-China trade talks.
Asian shares were subdued on Wednesday after U.S. President Donald Trump’s State of the Union speech failed to give markets fresh trading catalysts, while the Australian dollar slumped after the central bank opened the door to a possible rate cut.
U.S. stocks rose on Tuesday as largely upbeat corporate results fueled investor optimism ahead of the highly awaited State of the Union address by President Donald Trump.
Gold prices held steady on Wednesday after U.S. President Donald Trump, in his State of the Union speech, vowed to build a border wall, but gave little clarity over developments in the ongoing trade discussions with China.
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Some of the main stories out in the South African press:
- Ramaphosa tackles mining investors’ fears
- Clover suitor spells out plans
- Ramaphosa moves to allay mining fears