South African Markets - Factors to watch on March 28

Reuters2025-03-28
South African Markets - Factors to watch on March 28

JOHANNESBURG, March 28 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Friday.

ECONOMIC EVENTS

Inflation-linked bond auction

February budget balance data

SOUTH AFRICAN MARKETS

South Africa's rand weakened on Thursday as markets fretted over U.S. President Donald Trump's tariffs due next week.

On the Johannesburg Stock Exchange, the blue-chip Top-40 index last traded down about 0.4%. .JZAR/

GLOBAL MARKETS

Asian stocks fell on Friday with heavy selling in South Korea and Japan while safe-haven gold hit a record high as the latest tariff salvo from U.S. President Donald Trump stoked investor worries of an all-out trade war. MKTS/GLOB

WALL STREET

The S&P 500 ended lower on Thursday, as investors grappled with U.S. President Donald Trump's latest trade tariff announcement that hit shares of General Motors and Ford. .N

GOLD

Gold prices surged to a record high on Friday as fresh tariff plans from U.S. President Donald Trump fuelled fears the global trade war will intensify further, prompting investors to seek refuge in the safe-haven precious metal. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

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Some of the main stories out in the South African press:

BUSINESS DAY

- Coalition closer to budget compromise than people think, says DA leader Steenhuisen

FIN 24

- With steep new US import tariffs looming, SA auto council says AGOA still key

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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