Local futures gained on Monday, after rand hedges, including Naspers, lifted the local bourse, while major global equity markets were also positive. The week started auspiciously, with the release of positive Chinese economic data, but the major global data release this week is US nonfarm payroll numbers on Friday. Activity in China’s manufacturing sector increased robustly in September, with big factories ramping up faster than smaller ones, allaying concerns the economy might slow ahead of a pivotal Communist Party meeting, reported Dow Jones Newswires. China’s official manufacturing purchasing managers’ index rose to 52.4 in September, a five-year high, according to data released on Saturday. Markets remained buoyed, despite increased expectation of an interest-rate increase in the US in December. This followed reports US President Donald Trump was stepping up efforts to find a replacement for current US Federal Reserve chairwoman Janet Yellen. Momentum SP Reid Securities analyst...
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