South African Markets - Factors to watch on May 3

JOHANNESBURG, May 3 (Reuters) - The following equity and currency market moves may affect South African markets on Wednesday.

SOUTH AFRICAN MARKETS South Africa's rand slipped on Tuesday, with market attention this week likely to hinge on local purchasing managers' index (PMI) surveys and a U.S. Federal Reserve interest rate meeting. GLOBAL MARKETS Asia's stock markets fell in thin trade on Wednesday, as investors contended with signs of a softening U.S. economy, and were in full flight from U.S. regional lenders, ahead of an expected U.S. interest rate hike later in the day. WALL STREET Major U.S. stock indexes fell more than 1% each on Tuesday as regional bank shares tumbled on renewed fears over the financial system and as investors tried to gauge how much longer the Federal Reserve may need to hike interest rates. GOLD Gold prices held steady above the key $2,000 level on Wednesday, while investors turned their attention to the U.S. Federal Reserve's interest rate decision due later in the day. EMERGING MARKETS For the top emerging markets news, double click on - - - -

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

BUSINESS DAY - Planting, weather forecasts suggest solid winter harvests - Economic uncertainty puts brakes on new car sales

FIN 24 - Complaint against Karpowership dismissed
(Compiled by Alexander Winning)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

South African Markets - Factors to watch on May 3

By Reuters

Reuters

Reuters

Gold has a path to $4,000 as U.S. credibility crumbles - WisdomTree’s Nitesh Shah

Why gold revaluation charts put prices at $25,000-$55,000 if history rhymes, silver poised for breakout: Crescat Capital Strategist

Whether 145% or 10%, tariff uncertainty is enough to stop U.S. gold and silver imports, distort the metals market at all levels – Experts

Gold price plummets as U.S.-China trade relations thawing

Gold price down a bit amid better risk appetite