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South African Markets - Factors to watch on June 25



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JOHANNESBURG, June 25 (Reuters) -The following scheduled political and economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday.


POLITICAL EVENTS

Negotiations over cabinet positions continue between the 10 political parties that make up the government of national unity.

ECONOMIC EVENTS

South Africa's central bank will publish its composite leading business cycle indicator for April.

South Africa's government will hold its weekly auction of long-term bonds.


COMPANIES

Medical marijuana company Cilo Cybin will list on the Johannesburg Stock Exchange, in a first for South Africa.


SOUTH AFRICAN MARKETS

The South African rand slipped on Monday, as markets waited for President Cyril Ramaphosa to announce the cabinet lineup of his government of national unity.

On the Johannesburg Stock Exchange, the blue-chip Top-40 .JTOPI index closed 0.9% stronger. .JZAR/


GLOBAL MARKETS

Asian shares were subdued on Tuesday while the battered yen hit a record low versus the euro, although the risk of intervention stemmed further weakness against the U.S. dollar. MKTS/GLOB


WALL STREET

The Dow rallied on Monday to a one-month high, while the Nasdaq tumbled over 1% as investors rotated out of AI-linked stocks and added some laggards to their portfolios, betting on Federal Reserve interest rate cuts this year. .N


GOLD

Gold prices eased on Tuesday, while investors looked toward key U.S. inflation data due later this week that could throw some light on the Federal Reserve's interest rate cut stance. GOL/


EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

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


BUSINESS DAY

- Tension rises in the unity government as the DA sets out its demands



(Compiled by Tannur Anders)

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