South African Markets - Factors to watch on October 2
JOHANNESBURG, Oct 2 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Friday.
ECONOMIC EVENTS
Inflation-linked bond auction
SOUTH AFRICAN MARKETS
The South African rand weakened against a stronger dollar on Thursday, as investors digested domestic economic data showing an improvement in manufacturing sentiment and resilient vehicle sales.
On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was down 0.3%..JZAR/
GLOBAL MARKETS
Asian shares fell on Friday as investors grappled with wild swings in bond and currency markets ahead of key US jobs data, while a widening military buildup in the Gulf kept oil prices elevated. MKTS/GLOB
WALL STREET
US stocks recovered from early losses to close slightly higher on Thursday, with the S&P 500 bouncing from a two-week low as a global bond selloff reversed course after sending US Treasury yields to multi-decade highs. .N
GOLD
Gold prices fell on Friday and were on track for a second straight weekly decline, pressured by a firmer US dollar and elevated Treasury yields, while investors awaited key US payrolls data for clues on the Federal Reserve's policy path.GOL/
Some of the main stories out in the South African press:
BUSINESS DAY
- Party leaders clash over coalitions and corruption in Johannesburg mayoral debate
- Crowded car market in South Africa faces survival test as new brands pile in
NEWS24
- Political hits ravage South Africa with 42 people murdered in less than a year
- Discovery, Momentum announce steep hikes for 2027 – far above recommended rate