South African Markets - Factors to watch on January 14
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The South African rand weakened as investors took profits after a surge in gold prices. The Top-40 index on the Johannesburg Stock Exchange remained flat. Global markets saw Asian stocks rise, influenced by Japanese shares and potential fiscal stimulus from a snap election. U.S. stocks fell, led by financial shares amid concerns over credit-card rate caps. Gold approached record highs, while silver surpassed $90, driven by soft U.S. inflation data. In local news, South Africa is off the EU's high-risk list, and BP and Sasol are seeking tariff hikes due to demand drops.
Source: Reuters The copyright of this article belongs to the original author/organization.
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