The following equity and currency market moves may affect South African markets on Wednesday.
SOUTH AFRICAN MARKETS
The South African rand chalked up further gains against the dollar on Tuesday, helped by gold prices reaching another record high.
GLOBAL MARKETS
Asian shares advanced on Wednesday, capping a year of brisk artificial intelligence-driven gains, while commodities such as gold and silver extended their bullish run to new all-time highs as 2025 draws to a close.
WALL STREET
U.S. stocks rose on Tuesday and the S&P 500 notched a closing record after a flurry of economic data that included a reading of economic growth pushed bond yields higher and elevated growth names.
GOLD
Gold surged past the $4,500-an-ounce mark for the first time on Wednesday, while silver and platinum also scaled record highs, as investors piled into precious metals on safe-haven demand and expectations that U.S. interest rates will fall further next year.
EMERGING MARKETS
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Some of the main stories out in the South African press:
BUSINESS DAY
- Murray & Roberts (MURJ.J) to exit JSE in January
NEWS24
- Pepkor JSE:PPH strengthens its board with ex-Investec CEO as it eyes banking expansion