South African Markets - Factors to watch on April 17

Reuters
17 Apr
South African Markets - Factors to watch on April 17

JOHANNESBURG, April 17 (Reuters) - The following equity and currency market moves may affect South African markets on Thursday.

SOUTH AFRICAN MARKETS

South African assets firmed on Wednesday as uncertainty around U.S. tariffs lifted gold prices to record highs and depressed the dollar.

On the Johannesburg Stock Exchange, the blue-chip Top-40 index .JTOPI closed up about 0.3% after hitting an all-time high earlier in the session.JZAR/

GLOBAL MARKETS

Asian equities edged higher on Thursday, while the dollar firmed slightly as traders took stock of trade negotiations between the U.S. and Japan even as uncertainties around tariffs implemented by President Donald Trump kept sentiment fragile.MKTS/GLOB

WALL STREET

U.S. stocks ended sharply lower on Wednesday as Nvidia NVDA.O warned about steep charges from new U.S. curbs on its chip exports to China and Federal Reserve Chair Jerome Powell said U.S. economic growth appears to be slowing..N

GOLD

Gold eased on Thursday as investors booked profits after bullion hit an all-time high earlier, with U.S. restrictions on chip sales to China and continued tariff uncertainty boosting bullion's safe-haven demand.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

- SA researchers launch appeal for emergency funding to counter US cuts

- Analysts declare unions 'more relevant than ever'

(Compiled by Tannur Anders; Editing by Rashmi Aich)

((Tannur.Anders@thomsonreuters.com))

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