July 13 (Reuters) – The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.
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PRETORIA – Government auctions 1.4 billion rand of its 2020 bond ZAR207= and 700 million rand of its 2031 bond at its weekly auction.
Chinese stocks fell 2 percent on Tuesday on reports that Beijing will not relax tougher property measures any time soon, weighing on the Australian dollar and curbing early gains in Asian shares. [MKTS/GLOB]
SOUTH AFRICAN MARKETS
South African stocks fell for the first time in five sessions on Monday after a technical glitch delayed the opening of trade by 90 minutes.
The rand weakened slightly against the dollar, with market players citing few incentives to trade, given the slack summer volume, while South Africa’s finance minister defended the government’s flexible exchange rate policy.
The JSE Top-40 index of blue chips .JTOPI edged down 0.4 percent to 24,193.39, and the broader All-Share index gave up 0.3 percent to 27,192.31. [ID:nLDE66B1UY]
Gold clawed back near $1,200 per ounce on Tuesday on light physical buying, but further gains were capped by investor caution ahead of the earnings season and firmness in the dollar. [GOL/]
Caution prevailed in the U.S. stock market on Monday, with indexes edging higher as investors kept bets to a minimum in front of earnings.
The Dow Jones industrial average .DJI added 18.24 points, or 0.18 percent, to end at 10,216.27. The Standard & Poor’s 500 Index .SPX edged up just 0.79 of a point, or 0.07 percent, to 1,078.75. The Nasdaq Composite Index .IXIC gained 1.91 points, or 0.09 percent, to close at 2,198.36. [.N]
For the top emerging markets news, double click on [nTOPEMRG]
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Some of the main stories out of the South African press:
- Secrecy bill gives state companies “unfair edge”
- Discovery sees U.S. health opportunity
- Vodacom (VODJ.J) traffic rises 40 percent
- Cold spells trouble for food: prices to rise sharply as farmers struggle with frost, high input cots and a tough market
- Economists lean towards rate cut
(Reporting by Tiisetso Motsoeneng)