South African Markets - Factors to watch on Oct 27

JOHANNESBURG, Oct 27 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.

GLOBAL MARKETS

Asian shares followed Wall Street lower on Tuesday with resources stocks under pressure as the price of oil stayed below $79 and with investors growing increasingly worried about the recovery of the world economy.

Japan's Nikkei index .N225 was down 1.3 percent with shares in Mitsubishi (8058.T) skidding 4.3 percent as trading houses were hurt by lower oil and commodity prices in the past day. [ID:nSP477878]

SOUTH AFRICAN ECONOMY

South Africa's national planning minister Trevor Manuel said on Monday he was not all-powerful in setting economic policy. [ID:nLQ411915]

SOUTH AFRICAN MARKETS

South Africa's rand fell to a 3-week low against the dollar on Monday on worries that Finance Minister Pravin Gordhan will announce a bigger fiscal deficit while bond yields rose to 3-month highs.

On the bourse, shares rose for a sixth straight session as a weaker rand buoyed resource shares.

The Johannesburg Top-40 index .JTOPI gained 0.41 percent to 24,237.19 points, while the broader All-Share index added 0.4 percent to 26,910.08 points. [ID:nLQ694505]

SOUTH AFRICAN POLITICS

South African opposition party COPE accused the government on Monday of bowing to pressure from left-leaning unions and shifting economic policy towards more socialist agendas. [ID:nLQ164822]