South African Markets - Factors to watch on Oct 2
JOHANNESBURG, Oct 2 (Reuters) -The following company event, equity and currency market moves may affect South African markets on Wednesday.
COMPANIES
South African mining executives gather for an annual industry conference.
SOUTH AFRICAN MARKETS
The South African rand weakened against a stronger dollar on Tuesday, after Federal Reserve Chair Jerome Powell poured cold water on bets of more super-size interest rate cuts.
On the Johannesburg Stock Exchange, the blue-chip Top-40 index .JTOPI closed little changed..JZAR/
GLOBAL MARKETS
Asia stocks sank on Wednesday, catching up with the sell-off on Wall Street after Iran's ballistic missile strike on Israel provoked fears of a wider regional conflict, while crude oil pushed higher on the risk of supply disruptions.MKTS/GLOB
WALL STREET
U.S. stocks ended lower, with the Nasdaq losing more than 1%, on Tuesday as investors grew more cautious after Iran fired missiles at Israel..N
GOLD
Gold prices were flat on Wednesday, as a firmer dollar partially offset safe-heaven demand amid heightened Middle East tensions, while investors awaited U.S. data for further economic cues.GOL/
EMERGING MARKETS
For the top emerging markets news, double click on nTOPEMRG
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Some of the main stories out in the South African press:
BUSINESS DAY
- SA needs ‘two years of 2% growth’
FIN 24
- 140 CEOs commit new resources to support Ramaphosa's economic reforms
- Even shining gold sector at risk of shock, as SA miners need to make more cuts, PwC warns
(Compiled by Tannur Anders)
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