The following scheduled economic indicators, debt and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

South African central bank weekly bond auction

SOUTH AFRICAN MARKETS

South Africa’s rand weakened on Monday after the dollar rose as investors ramped up bets that escalating trade tensions between the U.S. and its trade partners will hurt the world’s biggest economy the least for now. .J ZAR/

GLOBAL MARKETS

Chinese stocks went into a tail spin on Tuesday as turbulence gripped equity markets in Asia, which sank to nine-month lows as investors feared the Sino-U.S. trade row could derail a rare period of synchronized global growth. MKTS/GLOB

WALL STREET

Wall Street ended higher on Monday after a choppy session, with gains in Apple (NASDAQ:AAPL) and other technology stocks offsetting worries about an escalating trade war between Washington and its trading partners. .N

GOLD XAU=

Gold prices fell for a second day on Tuesday to the lowest since December as strength in the U.S. dollar put pressure on the yellow metal, offsetting safe-haven demand amid mounting global trade tensions.

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

BUSINESS DAY

– Gold Brands mulls disposal

– Analysts upbeat on new vehicle sales despite dip

Leave a comment

Trending