JOHANNESBURG, Sept 10 (Reuters) – The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.
ECONOMIC EVENTS
South Africa’s government will hold its weekly auction of long-term bonds.
Statistics South Africa will publish manufacturing production data for July.
SOUTH AFRICAN MARKETS
The South African rand slipped against a stronger dollar on Monday, with looming U.S. data likely to dictate currency moves this week.
On the Johannesburg Stock Exchange, the blue-chip Top-40 index closed slightly stronger, up 0.07%.
GLOBAL MARKETS
Asian stocks inched slightly higher on Tuesday but struggled to sustain an upbeat rally on Wall Street as concerns about a faltering Chinese economy dampened the market mood.
WALL STREET
Wall Street’s three major indexes gained more than 1% on Monday as investors looked for bargains after the previous week’s sell-off while they also waited for inflation reports in coming days and the Federal Reserve’s next policy decision next week.
GOLD
Gold prices eased on Tuesday, pressured by a firmer dollar, while traders braced for key U.S. inflation figures that could offer hints about the size of the Federal Reserve’s interest rate reduction next week.
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Some of the main stories out in the South African press:
BUSINESS DAY
– Transnet’s R26bn trade-off to privatise Durban terminal
FIN 24
– Godongwana fires broadside at financial sector as Land Bank ends default
(Compiled by Tannur Anders)