South African Markets – Factors to watch on October 6

JOHANNESBURG, Oct 6 (Reuters) – The following scheduled economic events, equity and currency market moves may affect South African markets on Monday. ECONOMIC EVENTS Foreigners' trading data in South African bonds and equities Treasury bill auction SOUTH AFRICAN MARKETS The South African rand edged up on Friday, buoyed mainly by higher gold prices, after a purchasing managers' index pointed to improved private sector activity in September but highlighted a gloomy outlook for the year ahead. On the Johannesburg Stock Exchange, the Top-40 index closed up 1.6%. GLOBAL MARKETS Japanese stocks surged more than 4% to an all-time high while the yen skidded on Monday after fiscal and monetary dove Sanae Takaichi was elected as leader of the ruling party, putting her on course to become the nation's first female prime minister. WALL STREET The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations holding up as the U.S. government shutdown went on for a third day. GOLD Gold surged past the $3,900-an-ounce level for the first time on Monday, driven by safe-haven demand following a fall in the yen, the U.S. government shutdown and the growing expectations of additional Federal Reserve rate cuts. EMERGING MARKETS For the top emerging markets news, double click on – – – – Some of the main stories out in the South African press: BUSINESS DAY – South African trade minister Parks Tau throws chrome miners a lifeline – Nigeria’s Century Group eyes SA in oil and gas expansion plan NEWS24 – OUTA targets loophole shielding state bosses from delinquency bans (Compiled by Sfundo Parakozov; Editing by Rashmi Aich)

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