SA’s main bourse could struggle for direction in early trading on Tuesday as global markets await new catalysts. US stocks ended only marginally higher on Monday in a light trading session. Asian stocks were also treading water on Tuesday. Hong Kong’s Hang Seng Index, Korea’s Kospi index and Japan’s Nikkei 225 were flat after the morning session. Naspers-associate Tencent was 0.2% up in Hong Kong, while BHP Group was 0.2% higher in Australia. On Tuesday, Statistics SA is due to report tourist accommodation, land transport and food and beverages numbers for February, as well as liquidations and insolvencies data for March. On the JSE, small-cap insurer Indequity Group is due to report interim financial results. Elsewhere, euro-area government debt and consumer confidence statistics are due, along with new home sales numbers from the US. Crude oil stock figures are also due in the US. Meanwhile, the rand was weaker after being “caught off guard this weekend”, said Bianca Botes, corpor...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.