Views Article – Sharenet Wealth

Africa, Forex

South African Markets – Factors to watch on Sept 14

The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

– Statistics South Africa to publishing mining production figures for July at 0930 GMT.

– South Africa’s Treasury auctions long-term bond notes.

SOUTH AFRICAN MARKETS

South Africa’s rand and stocks gained on Monday, benefiting from an easing of local coronavirus lockdown restrictions.

GLOBAL MARKETS

Asia’s share markets were mixed and the dollar held steady on Tuesday, with investors awaiting U.S inflation data for more clues on when the Federal Reserve will taper stimulus.

WALL STREET

The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data.

GOLD

Gold prices inched lower on Tuesday, as investors braced for the U.S. inflation data that could offer cues on the Federal Reserve’s timeline to start tapering stimulus measures meant to aid economic recovery from the pandemic.

EMERGING MARKETS

For the top emerging markets news, double click on (Compiled by Olivia Kumwenda-Mtambo)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.