South African Markets-Factors to watch on January 9

Reuters01-09
South African Markets-Factors to watch on January 9

JOHANNESBURG, Jan 9 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Friday.

ECONOMIC EVENTS

Inflation-linked bond auction

SOUTH AFRICAN MARKETS

The rand may clock another year of gains supported by easing interest rates, with firmer public finances also boosting South Africa's domestic economy, Goldman Sachs said in a research note on Thursday. .JZAR/

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI last traded down 0.8%.

GLOBAL MARKETS

Asian stocks drifted lower and the dollar stood tall on Friday ahead of a crucial jobs report, while investors girded for a Supreme Court ruling on the legality of U.S. President Donald Trump's sweeping global tariff that jolted markets last year. MKTS/GLOB

WALL STREET

Wall Street ended mixed on Thursday, as Nvidia and other technology stocks dipped, while defense companies advanced after Trump called for an enlarged $1.5 trillion military budget. .N

GOLD

Gold fell on Friday as commodity index readjustments and a firm dollar kept the pressure on prices, with investors positioning ahead of crucial U.S. non-farm payrolls data due later in the day.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

- SA's trade deficit with Brics partners widens

- Airlink eyes Paris, Frankfurt and London with new codeshare agreement

NEWS24

- Exporters forced to sell fruit in SA as high winds halt port for 30 days

(Compiled by Anathi Madubela)

((Anathi.Madubela@thomsonreuters.com))

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