South African Markets

JOHANNESBURG, Sept 9 (Reuters) – The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Monday.

ECONOMIC EVENTS

Treasury bill auction

Offshore trading in bonds and equities

COMPANIES

Sun International half-year earnings

Avi annual results

Land Bank briefing on agreement to cure default

The South African rand slipped on Friday after U.S. data suggested a big Federal Reserve interest rate cut was likely not warranted, while the benchmark government bond hit an almost three-year high on improved investor sentiment.

GLOBAL MARKETS

Asian share markets slid on Monday after worries about a possible U.S. economic downturn slugged Wall Street, though U.S. stock futures did rally from an early dip and bond yields came off their lows.

WALL STREET

U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labour market slowdown but left traders uncertain about how far the Federal Reserve will go in cutting interest rates.

GOLD

Gold prices were flat on Monday, as investors awaited U.S. inflation print due this week to strengthen their bets on the size of a likely reduction in Federal Reserve’s interest rates.

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

BUSINESS DAY

– Big accounting hurdle for Transnet’s 11 bln rand tender

– Carmakers ration supply of petrol vehicles to UK

FIN 24

– What happened to the BRICS bank’s Medupi loan?

– SA’s financial watchdog has approved the split of the JSE’s main board. Here’s what it means

(Compiled by Alexander Winning)

ECONOMIC EVENTS

COMPANIES