South African Markets - Factors to watch on September 30

By Reuters News

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


ECONOMIC EVENTS

August money supply ZACRED=ECI, and private sector credit ZAM3=ECI

August producer inflation ZAPPI=ECI

August trade balance ZATBAL=ECI

August budget balance ZABUDM=ECI


SOUTH AFRICAN MARKETS

The South African rand was little changed on Tuesday as investors weighed lower oil prices, higher gold prices and domestic economic data for clues about the health of Africa's largest economy.

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was up 0.4%. .JZAR/


GLOBAL MARKETS

Global bonds wobbled on Wednesday and were set for their worst month in years, hit by a toxic mix of deteriorating government finances, a glut of issuances and rising inflation as the seven-month-old US-Israeli war on Iran keeps energy costs elevated.MKTS/GLOB


WALL STREET

US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates..N


GOLD

Gold prices fell on Wednesday and were headed for a monthly loss as expectations of higher interest rates weighed on sentiment, while investors awaited US inflation data for clues on the Federal Reserve's next policy move.GOL/


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


BUSINESS DAY

- US boosts South Africa sugar quota as local sales fall


NEWS24

- With move to kill prime rate and adopt Zaronia now stuck, Treasury warns of crisis

- Tongaat races against Thursday deadline as bailout talks drag on

- Polyester sold as satin: Some Shein ads banned in SA

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