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South African Markets - Factors to watch on October 30

By Reuters News

JOHANNESBURG, Oct 30 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Friday.


ECONOMIC EVENTS

September trade balance ZATBAL=ECI

September budget balance ZABUDM=ECI

Inflation-linked bond auction


SOUTH AFRICAN MARKETS

South Africa's rand weakened on Thursday, pressured by falling gold and platinum prices after the US Federal Reserve held interest rates steady, while faster producer inflation added to concerns about the domestic outlook..JZAR/


GLOBAL MARKETS

Tech shares sank on Friday, while the yen rose and bonds surged toward their biggest monthly gain in nearly three years, as investors scurried to safety on worries that huge and rising AI spending may not deliver sufficient returns.MKTS/GLOB


WALL STREET

US stocks slid on Thursday, with investors reassessing big tech's massive AI spending spree as they digested high-profile earnings and crucial inflation data the day after the Federal Reserve held US interest rates steady..N


GOLD

Gold slipped on Friday as higher oil prices spurred inflation concerns and robust US inflation data strengthened the case for another Federal Reserve rate hike later this year.GOL/



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


BUSINESS DAY

- ‘We are ready regardless of Agoa decision’ — Tau ahead of US ruling

- Guilty Air Chefs boss Seshibe proposes ‘separation’ not resignation


NEWS24

- Double blow for SA cherries: Crop to shrink up to 50%, China access stalls

- FlySafair deal: Harith to be barred from Lanseria decisions affecting rival airlines

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