South African Markets - Factors to watch on April 8

JOHANNESBURG, April 8 (Reuters) - The following equity and currency market moves may affect South African markets on Wednesday.

GLOBAL MARKETS

Oil prices dived, stocks surged and the dollar was knocked back on Wednesday as a two-week Middle East ceasefire sparked a relief rally, fuelled by hopes that oil and gas flows through the Strait of Hormuz could resume.MKTS/GLOB

GOLD

Gold prices climbed to a near three-week high on Wednesday as markets reassessed near-term risks after U.S. President Donald Trump agreed to suspend bombing and attacks on Iran for two weeks, easing fears of energy-driven inflation.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

- Icasa tightens broadcast rules as election campaign season opens

- China tightens its grip on global ferrochrome industry

NEWS24

- Return flight between Cape Town and Joburg now 2 000 rand ($0.1217) more expensive as surcharges soar

- Engen imposes surcharges on certain customers as govt warns against unilateral price hikes

($1 = 16.4376 rand)