South African Markets - Factors to watch on March 10

Reuters
03/10
South African Markets - Factors to watch on March 10

JOHANNESBURG, March 10 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

Fourth quarter 2025 Gross Domestic Product ZAGDPY=ECI data

Weekly government bond auction

COMPANIES

Absa ABGJ.J full-year results

SOUTH AFRICAN MARKETS

South Africa's risk-sensitive rand started the week sharply weaker as investors, unnerved by surging oil prices and the potential effect on global inflation and growth, dumped risk assets and took profit on some of their best-performing trades.

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was down 0.6% in early trade..JZAR/

GLOBAL MARKETS

Asian stocks rallied and oil prices plunged at the start of trading on Tuesday, following a volatile session for markets overnight after U.S. President Donald Trump declared the Middle East war could be "over soon."MKTS/GLOB

WALL STREET

Wall Street stocks clawed their way back from a steep selloff to close higher on Monday, notching a final-hour rebound after U.S. President Donald Trump suggested that the U.S.-Israeli war on Iran could be close to ending..N

GOLD

Gold prices rose on Tuesday, supported by a weaker U.S. dollar and easing energy costs after U.S. President Donald Trump suggested that the war in the Middle East could end soon.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

- Economist scraps expectation of a March rate cut

- Pan African plans £163m buyout to consolidate Tennant Creek gold assets

- Sun International expects earnings increase of 20%

NEWS24

- Fuel rationing fears hit SA as oil crisis exposes local weak spots

(Compiled by Sfundo Parakozov)

((Sfundo.Parakozov@thomsonreuters.com))

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