South African Markets – Factors to watch on Jan 7

JOHANNESBURG, Jan 7 (Reuters) – The following scheduled equity and currency market moves may affect South African markets on Tuesday.

SOUTH AFRICAN MARKETS

The South African rand regained some ground against a weaker dollar on Monday ahead of a flurry of economic data releases this week from the world’s biggest economy.

On the stock market, the Top-40 index was little changed.

GLOBAL MARKETS

Asia shares rose on Tuesday, tracking Wall Street’s positive lead and as some investors hoped incoming U.S. President-elect Donald Trump could adopt a less aggressive tariff stance than promised when he takes office.

WALL STREET

Wall Street’s main indexes rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected.

GOLD

Gold prices nudged higher on Tuesday, as market participants awaited further U.S. economic data to gauge the Federal Reserve’s interest rate trajectory for the year.

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

– Amsa digs its heels in to resist Chinese imports

– Buyout offer sees Barloworld being top stock in December (Compiled by Sfundo Parakozov)

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