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South African Markets - Factors to watch on July 1

ReutersJul 1, 2025 5:16 AM

- The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

Weekly government bond auction

June vehicle sales ZAVEHY=ECI

Absa manufacturing sector PMI survey

SOUTH AFRICAN MARKETS

The South African rand was steady on Monday after the release of a mixed bag of domestic data by the country's central bank, revenue service agency and National Treasury, while investors also await jobs data from the world's largest economy.

The Johannesburg Stock Exchange's Top-40 index .JTOPI last traded down 0.6%..JZAR/

GLOBAL MARKETS

Asian shares crept higher and the dollar languished near multi-year lows on Tuesday as markets awaited a vote over U.S. President Donald Trump's landmark tax and spending legislation.MKTS/GLOB

WALL STREET

The S&P 500 and Nasdaq reached record closing highs on Monday, capping their best quarter in over a year as hopes for trade deals and possible rate cuts eased investor uncertainty..N

GOLD

Gold prices rose on Tuesday, supported by a weaker dollar and heightened uncertainty over U.S. President Donald Trump's tariff policies ahead of the July 9 deadline, driving investors toward safe-haven assets.GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

- - - -

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

BUSINESS DAY

- State proposes to slash red tape for business licensing

- Investec’s UK business hits zero coal exposure ahead of schedule

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