Attention is on the European Central Bank policy announcement on Thursday, with a hike widely expected
The JSE looks set to open to positive Asian markets on Monday morning before what should be a busy week for news, much of it focused on Europe.
Italy's coalition government is also under threat of collapse, and Prime Minister Mario Draghi is set to address parliament this week after threatening to resign, an issue that is contributing to the likelihood the ECB will only hike interest rates 25 basis points this week, according to Swissquote Bank senior analyst Ipek Ozkardeskaya.
SA also looks set for a 50 basis point interest rate hike this week, but attention is likely to be largely offshore, with investors also concerned that Russia may not turn back on the Nord Stream pipeline this week that is undergoing maintenance.