{"id":9352,"date":"2012-03-27T03:32:38","date_gmt":"2012-03-27T01:32:38","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-african-stocks-inch-higher-track-global-markets\/"},"modified":"2012-03-27T03:32:38","modified_gmt":"2012-03-27T01:32:38","slug":"s-african-stocks-inch-higher-track-global-markets","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-stocks-inch-higher-track-global-markets\/","title":{"rendered":"S.African stocks inch higher, track global markets"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 index up 0.27 pct<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-share index up 0.28 pct<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, March 26<\/span> (Reuters) &#8211; South African stocks<br \/>\nended slightly higher on Monday, tracking an upbeat mood in<br \/>\nglobal markets, but investors refrained from making large moves<br \/>\nahead of domestic interest rate verdict later in the week.<\/p>\n<p><span><\/span><\/p>\n<p>The central bank will announce on Thursday its decision on<br \/>\ninterest rates, with most economists expecting the bank to keep<br \/>\nthe number on hold at 5.5 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The interest rate decision, while it is expected to be in<br \/>\nline, could be an major catalyst for the market,&#8221; said Michele<br \/>\nSantangelo, a portfolio manager at Newstrading.<\/p>\n<p><span><\/span><\/p>\n<p>Market players will be watching to see if the bank takes a<br \/>\nhawkish stand on inflation, which breached the central bank&#8217;s<br \/>\n3-6 percent target in November and has been above the band since<br \/>\nthen.<\/p>\n<p><span><\/span><\/p>\n<p>They are also watching for signs of monetary easing in the<br \/>\nUnited States that is expected to boost markets in several parts<br \/>\nof the world, including South Africa.<\/p>\n<p><span><\/span><\/p>\n<p>The JSE Top-40 index gained 0.27 percent to<br \/>\n29,796.56 and the broader All-share index was 0.28<br \/>\npercent higher at 33,664.46.<\/p>\n<p><span><\/span><\/p>\n<p>Vodacom featured on the gainers&#8217; list, up 1.2<br \/>\npercent to 105 rand, after brokerage house Credit Suisse raised<br \/>\nits price target on the mobile phone operator to 105 rand from<br \/>\n95 rand.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Top-40 index up 0.27 pct * All-share index up 0.28 pct JOHANNESBURG, March 26 (Reuters) &#8211; South African stocks ended slightly higher on Monday, tracking an upbeat mood in global markets, but investors refrained from making large moves ahead of domestic interest rate verdict later in the week. The central bank will announce on [&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-9352","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\/9352","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=9352"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9352\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}