The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Wednesday.
The South African rand slipped on Tuesday, as fears about the health of the global economy dampened appetite for riskier emerging market assets.
Asian stocks took a breather on Wednesday, with mounting signs of slowing global growth and concerns over a yet-unresolved Sino-U.S. trade dispute putting the brakes on investor appetite for risk assets.
U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment.
Gold prices held steady on Wednesday, after rising the most since Jan. 9 the day before, on demand for safe-haven assets amid concerns over the slowing global economy along with uncertainty about the trade dispute between the United States and China.
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Some of the main stories out in the South African press:
- Experts brief ANC on Eskom survival plan
- Tough trading environment for Shoprite in Africa
- Massmart takes 20% tumble on JSE
- World Bank warns cost of education aid could balloon (Compiled by Joe Brock)