JOHANNESBURG, July 1 (Reuters) – The following scheduled economic events, company announcement, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

Foreigners’ trading in South African bonds and equities

South Africa June manufacturing sector PMI

South African Treasury bill auction

Vehicle sales data

COMPANIES

South African food producer RCL Foods lists its poultry business, Rainbow Chicken

SOUTH AFRICAN MARKETS

The South African rand rallied on Friday on optimism that the Democratic Alliance and African National Congress would reach an agreement over cabinet positions, a day after local media reported a major disagreement between the parties.

On the Johannesburg Stock Exchange, the blue-chip Top-40 index closed about 1% higher.

GLOBAL MARKETS

Uncertainty over the U.S. rates outlook kept Asian shares steady on Monday, while the euro rose after the first-round voting in France’s shock snap election was won by the far-right, albeit with a smaller share than some polls had projected.

WALL STREET

U.S. stocks ended weaker on Friday after an early rally fizzled as investors digested in-line inflation data and weighed political uncertainty after the U.S. presidential debate.

GOLD

Gold prices held steady on Monday after data showed U.S. inflation subsided, bolstering hopes that the Federal Reserve will start cutting interest rates this year.

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Some of the main stories out in the South African press:

BUSINESS DAY

– Sars puts tax dispute with Kumba’s flagship mine on ice

– Santam’s procurement pick divides panel-beating industry

FIN 24

– ‘We are being allowed to reset’: Hope and caution as bloated, reconfigured GNU Cabinet announced

(Compiled by Bhargav Acharya)