South African Markets - Factors to watch on April 4

JOHANNESBURG, April 4 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS Weekly bond auction by South Africa's Treasury SOUTH AFRICAN MARKETS South Africa's rand was flat on Monday, having regained its losses from earlier in the day after a decision by major oil producers to reduce supply caused the dollar to briefly spike. Stocks rose, with the Johannesburg All Share index and the Top-40 index up about 0.7%. GLOBAL MARKETS Asian stocks dithered on Tuesday as investors grappled with inflation concerns in the wake of the surprise cuts to the OPEC+ group's oil output targets, while treasury yields retreated after frail U.S. manufacturing sector data. WALL STREET The S&P 500 ended higher on Monday, lifted by energy stocks following surprise cuts to the OPEC+ group's oil output targets, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors. GOLD Gold prices edged lower on Tuesday as traders assessed the likely path of the Federal Reserve's monetary policy after data showed a slump in U.S. manufacturing activity and as OPEC+'s production cut sparked inflationary risks. EMERGING MARKETS For the top emerging markets news, double click on - - - -

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

BUSINESS DAY - Asset manager Visio calls on Northam to drop bid for RBPlat (Compiled by Bhargav Acharya)

Reuters

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off-the-wire

South African Markets - Factors to watch on April 4

By Reuters

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