South African Markets-Factors to watch on February 5

Reuters02-05 13:27
South African Markets-Factors to watch on February 5

JOHANNESBURG, Feb 5 (Reuters) - The following scheduled company announcements, equity and currency market moves may affect South African markets on Thursday.

COMPANIES

Telkom Q3 results

ArcelorMittal South Africa full-year results

Sasol HY trading update

SOUTH AFRICAN MARKETS

The South African rand gained on Wednesday after a purchasing managers' survey showed improved business conditions..JZAR/

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was last up 0.9%.

GLOBAL MARKETS

Asian stocks slumped as concerns about the exploding costs of AI investment encouraged a rotation out of tech, while a renewed slide in silver squeezed leveraged positions that were already under water. MKTS/GLOB

WALL STREET

U.S. stocks ended lower on Wednesday, with losses in Advanced Micro Devices, Palantir and other technology companies, as investors worried about pricey valuations and whether Wall Street's AI rally has reached its peak. .N

GOLD

Gold and silver prices fell sharply in a broader market sell-off on Thursday, as an advance in the dollar to a near two-week high and signs of easing U.S.-China trade tensions added pressure on precious metals.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

- Drought declared a national disaster in three provinces

- Minister of agriculture says no free-for-all on foot-and-mouth disease vaccines

NEWS24

- VAT the only 'wildcard' in an otherwise bland Budget

- Eskom makes U-turn on solar registration fines

(Compiled by Anathi Madubela)

((Anathi.Madubela@thomsonreuters.com))

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