JOHANNESBURG, July 29 (Reuters) – The following scheduled economic events, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

June money supply data

Foreigners’ weekly trading in South African bonds and equities

South African weekly Treasury bill auction

SOUTH AFRICAN MARKETS

The South African rand gained against the dollar on Friday, after a reading of U.S. inflation did little to alter expectations of a September interest rate cut by the Federal Reserve.

GLOBAL MARKETS

Asian shares bounced on Monday into a week packed with earnings and a trio of central bank meetings that could see the United States and UK open the door to easing, while Japan might lift borrowing costs in a step toward “normality”.

WALL STREET

Wall Street’s major indexes ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data boosted optimism that the Federal Reserve will soon commence cutting interest rates.

GOLD

Prices of safe-haven gold climbed on Monday on heightened geopolitical tensions in the Middle East and amid expectations of a U.S. rate cut in September, while focus shifted to the Federal Reserve’s policy meeting due later this week.

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

BUSINESS DAY

– ‘Unnecessarily tight’ policy may lead to recession, Investec warns

– Seize the moment, JPMorgan investment bank boss tells SA

(Compiled by Bhargav Acharya)