South African Markets - Factors to watch on January 12

Reuters01-12
South African Markets - Factors to watch on January 12

JOHANNESBURG, Jan 12 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

Foreigners' trading in South African bonds and equities

Treasury bill auction

GLOBAL MARKETS

The dollar slipped and U.S. equity futures eased on Monday after Federal Reserve Chair Jerome Powell said the Trump administration threatened him with a criminal indictment, stoking worries about the central bank's independence.MKTS/GLOB

WALL STREET

The S&P 500 rallied to a record high close on Friday, lifted by Broadcom and other chipmakers, while a weaker-than-expected jobs report did little to alter expectations of interest rate cuts from the Federal Reserve this year..N

GOLD

Gold broke through $4,600/ounce for the first time on Monday, while silver also hit a record high, as investors snapped up safe havens due to heightened geopolitical uncertainties and a criminal probe into Federal Reserve Chair Jerome Powell.GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

- - - -

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

BUSINESS DAY

- Price wars and private labels squeeze Tiger Brands

NEWS24

- Washington may revive AGOA this week — but SA still under scrutiny

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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