South African Markets - Factors to watch on January 21

JOHANNESBURG, Jan 21 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday.

ECONOMIC EVENTS

December consumer inflation data ZACPIY=ECI

November retail sales ZARET=ECI data

SOUTH AFRICAN MARKETS

The South African rand traded weaker for most of Tuesday's session as risk appetite waned amid geopolitical tensions, while traders also took in weaker than expected domestic mining data. .JZAR/

On the Johannesburg Stock Exchange, the Top-40 index .JTOPI last traded up 0.4%.

GLOBAL MARKETS

Asian stocks extended their losses for a third session on Wednesday, undone by heightened tensions over U.S. threats to acquire Greenland ahead of President Donald Trump's Davos speech, while a global bond rout appeared to slow for now.MKTS/GLOB

WALL STREET

All three major Wall Street indexes ended Tuesday with their biggest one-day drops in three months, in a broad selloff triggered by concerns that fresh tariff threats from President Donald Trump against Europe could signal renewed market volatility..N

GOLD

Gold prices surged to a record high above $4,800 per ounce on Wednesday, buoyed by safe-haven demand and a softer dollar as U.S. President Donald Trump's pursuit of Greenland threatened to reignite a trade war with Europe and upend the NATO alliance. GOL/

EMERGING MARKETS

For the top emerging markets news, double click on nTOPEMRG

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

BUSINESS DAY

- Fossil fuels consumed most of South Africa's nearly R200bn in energy subsidies, report says

- Billionaires are eroding democracy 'and SA is no exception', Oxfam warn

NEWS24

- Military may have kept govt in the dark on Iran's role in naval drill for 2 months

- Trump wants deals with mining countries — but platinum-rich SA has a weak hand