South African futures were little changed on Monday, in line with the local bourse, while major global markets were negative.The rand was at a two-week low, putting pressure on shares with a primary local focus, while property stocks and precious-metals miners were firmer.The Dow also opened weaker, with Facebook dropping about 7%, putting the company on track for its worst one-day loss since 2014. The social-media giant was drawing considerable flak for how it had managed users’ data, reported Dow Jones Newswires.Activity is expected to be subdued this week as the market waits for key risk events, notably the US Federal Reserve’s federal open market committee announcement on monetary policy, on Wednesday.Friday sees Moody’s latest announcement of its view of SA’s sovereign credit status. Analysts widely expect that Moody’s will not downgrade SA’s local currency debt rating further, due to recent positive political developments and the government’s promises of fiscal consolidation.L...
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