South African Markets - Factors to watch on Aug 23

South African Markets - Factors to watch on Aug 23

Aug 23 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday.


The South African Reserve Bank will publish data on its leading indicator for June at 0700 GMT

Weekly bond auction by South Africa's Treasury

Statistics South Africa to publish unemployment data for the second quarter at 0930 GMT


S.Africa's Sasol profit surges on higher oil, chemicals prices


South Africa's rand was flat on Monday, as the dollar continued to surge after more Federal Reserve officials flagged the likelihood of aggressive interest rate hikes.

On the Johannesburg Stock Exchange, the Top-40 .JTOPI index closed down 0.78% at 62,482 points, while the broader all-share .JALSH dropped 0.75% to 69,195 points.


Asian shares were down for a sixth straight session on Tuesday after a renewed spike in European energy prices stoked fears of recession and pushed bond yields higher, while tipping the euro to 20-year lows.


Wall Street ended sharply lower on Monday as investors fretted about a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the central bank to stamp out inflation.


Gold prices edged higher on Tuesday as the dollar pulled back slightly, but mounting worries over aggressive U.S. rate hikes to control soaring inflation kept bullion near a one-month low.


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


- Big business sounds the alarm over escalating cost of SA debt

- Spike in glucose price bad news for makers of chocolates and sweets (Compiled by Bhargav Acharya)