South African Markets -Factors to watch on September 29

By Reuters News

JOHANNESBURG, Sept 29 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.


ECONOMIC EVENTS

Formal sector employment data

Weekly government bond auction

Central bank quarterly bulletin


GLOBAL MARKETS

Oil prices and bond yields were higher in an uncomfortable combination for Asian equities on Tuesday, as investors braced for an interest rate hike in Australia and an era where short term borrowing costs settle at their highest for years.MKTS/GLOB


GOLD

Gold inched up but hovered close to a more than seven-week low on concerns that the Federal Reserve may keep interest rates higher for longer, while investors awaited a slew of US economic data.GOL/



SOUTH AFRICAN MARKETS

The South African rand slipped on Monday as the US-Iran standoff continued to drive oil prices higher, weighing on risk-sensitive currencies in oil-importing economies.

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI fell 1.7%..JZAR/


WALL STREET

US stocks fell as oil prices and Treasury yields increased, with investors weighing uncertainty over the prospects for an Iran war peace deal and the impact on the Federal Reserve's rate path..N


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


BUSINESS DAY

- Eskom cuts diesel spending by nearly 81% amid steep fuel price hikes

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