South African Markets - Factors to watch on July 14

JOHANNESBURG, July 14 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.


ECONOMIC EVENTS

May mining output ZAMNG=ECI

Weekly government bond auction


SOUTH AFRICAN MARKETS

The South African rand weakened against the dollar on Monday, tracking losses among emerging market currencies as escalating tensions in the Middle East dampened risk sentiment..JZAR/


GLOBAL MARKETS

Stocks fell and oil hit a one-month high in Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz.MKTS/GLOB


WALL STREET

Tech shares pulled U.S. stocks lower on Monday after President Donald Trump announced that he would reinstate a blockade on Iranian ports in the latest escalation of U.S.-Iran hostilities that sent oil prices jumping and dampened risk appetite..N


GOLD

Gold rose on Tuesday after hitting a two-week low earlier in the session, as markets awaited key U.S. inflation data, with escalating U.S.-Iran tensions driving oil prices higher and reinforcing expectations of further Federal Reserve rate hikes.GOL/


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


BUSINESS DAY

- Citrus growers renew call for private sector role in SA rail overhaul


NEWS24

- Case for an interest rate hike has weakened, but some still expect it

- Crypto exchange Luno says Treasury’s draft capital flow rules may be unconstitutional

- SA slams neighbours with massive tile tariffs to deter dumping


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