South African Markets - Factors to watch on Oct 2
JOHANNESBURG, Oct 2 (Reuters) -The following scheduled economic events, equity and currency market moves may affect South African markets on Monday.
The Johannesburg Stock Exchange will release data on foreigners' buying and selling of bonds and stocks during the previous week.
The South African government will hold its weekly auction for Treasury bills.
The country's automobile association will publish new vehicle sales data for September
Absa purchasing managers' index for South African factory activity
SOUTH AFRICAN MARKETS
The South African rand strengthened against a weaker dollar on Friday after U.S. Treasury yields lost some steam, infusing some risk appetite into the markets.
Shares on the Johannesburg Stock Exchange fell, with the blue-chip top-40 index .JTOPI closing nearly 0.3% lower. .JZAR/
Japanese stocks soared on Monday, with the exporter-heavy Nikkei 225 share average buoyed by the yen's slide to its lowest point in nearly a year and after the U.S. avoided a government shutdown. MKTS/GLOB
The S&P 500 ended lower on Friday as investors digested implications of a U.S. inflation report for the Federal Reserve's interest rate policy and adjusted their portfolios on the last day of a weak third quarter for stocks. .N
Gold extended losses on Monday for the sixth consecutive session to hit a near seven-month low, as the dollar stayed strong, with traders digesting a key U.S. inflation report as they positioned for a slew of job market data due this week.GOL/
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:
- SA's policy uncertainty eases but high volatility in growth factors persists
- 'Turning the corner' : Electricity minister strikes optimistic note after progress at Kusile
(Compiled by Tannur Anders)</body></html>
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