Sep 22, 2009

JOHANNESBURG, Sept 22 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.

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GLOBAL MARKETS

Asian shares inched up on Tuesday with softer commodity prices weighing on Australian stocks, while the New Zealand dollar hit a 13-month high on signs of a recovery in prices for the country's key dairy exports.

The MSCI index of Asia Pacific stocks traded outside Japan .MIAPJ0000PUS edged up 0.7 percent and the Asian Development Bank raised its growth forecasts for developing Asia to 3.9 percent for 2009, from 3.4 percent, and lifted its 2010 forecast to 6.4 percent from 6 percent. [ID:nLM137965]

SOUTH AFRICAN MARKETS

South Africa's rand fell against the dollar on Monday but was off its day's lows after retail sales data reinforced views that rates will remain steady while local stocks closed in the red as metal prices retreated.

South Africa's central bank started its two-day meeting on rates and will announce its decision around 1300 GMT on Tuesday. ...

reuters