{"id":9246,"date":"2012-03-24T03:25:23","date_gmt":"2012-03-24T01:25:23","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africa-stocks-end-flat-eyes-on-mpc-next-week\/"},"modified":"2012-03-24T03:25:23","modified_gmt":"2012-03-24T01:25:23","slug":"s-africa-stocks-end-flat-eyes-on-mpc-next-week","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-stocks-end-flat-eyes-on-mpc-next-week\/","title":{"rendered":"S.Africa stocks end flat, eyes on MPC next week"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* MPC, China to be in focus next week<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Shares manage first gains of the week<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 23<\/span> (Reuters) &#8211; South African stocks<br \/>\nclosed higher on Friday for the first time this week as a late<br \/>\nrally inspired by a turn-around on Wall Street saw the market<br \/>\nclaw back losses.<\/p>\n<p><span><\/span><\/p>\n<p>The blue-chip Top-40 index ended 0.06 percent<br \/>\nhigher at 29,716.93. The broader All-share index added<br \/>\nthe same percentage to finish at 33,572.07.<\/p>\n<p><span><\/span><\/p>\n<p>Next week, investors will be monitoring the outlook for<br \/>\nChinese growth, as well as the Monetary Policy Committee (MPC)<br \/>\nmeeting of South Africa&#8217;s central bank on Thursday.<\/p>\n<p><span><\/span><\/p>\n<p>Weak factory activity data in China and the euro zone has<br \/>\nundermined faith in the pace of a global upturn.<\/p>\n<p><span><\/span><\/p>\n<p>A Reuters poll of economists expects the MPC to keep its<br \/>\nkey lending rate on hold at 5.5 percent, although its comments<br \/>\nwill scrutinised for signals about the timing of expected rate<br \/>\nhikes.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s market had been on course for its fourth<br \/>\nconsecutive session of losses until U.S. stocks pared losses as<br \/>\nenergy and basic materials shares, the sectors that had suffered<br \/>\nthe worst hit on Thursday, rebounded.<\/p>\n<p><span><\/span><\/p>\n<p>By the time Johannesburg closed, Wall Street was up, which<br \/>\ncould lift local shares on Monday.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* MPC, China to be in focus next week * Shares manage first gains of the week JOHANNESBURG, March 23 (Reuters) &#8211; South African stocks closed higher on Friday for the first time this week as a late rally inspired by a turn-around on Wall Street saw the market claw back losses. The blue-chip Top-40 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-9246","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=9246"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9246\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}