The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.
– 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.
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.
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 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.
For the top emerging markets news, double click on (Compiled by Olivia Kumwenda-Mtambo)