South African Markets - Factors to watch on January 13

Reuters01-13
South African Markets - Factors to watch on January 13

JOHANNESBURG, Jan 13 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

Weekly government bond auction

SOUTH AFRICAN MARKETS

The South African rand gained on Monday, helped by gold prices reaching another record high.

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was up 1.2% in early trade..JZAR/

GLOBAL MARKETS

A surge in Japanese shares led Asia higher on Tuesday amid investor bullishness over all things AI, while the cloud of uncertainty over Federal Reserve independence favoured gold even as it hindered the dollar.MKTS/GLOB

WALL STREET

The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns about the U.S. Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell..N

GOLD

Gold prices were broadly steady on Tuesday, trading below a record $4,600/ounce level reached in the last session amid sharpened geopolitical and economic uncertainty as investors booked profits.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

- Old Mutual shares jump 30% as new CEO sets value targets

NEWS24

- Platinum is on fire – and the run may not be over

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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