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* Rand rallies 3% from last week's plunge
* Financial stocks track firmer currency
* Tiger Brands leads rally by consumer firms (Adds latest figures, analyst quotes)
JOHANNESBURG, June 11 (Reuters) - South Africa's rand rallied more than 1% on Tuesday, stretching its rally back from a nine-month low as cooling trade war worries and much larger-than-expected growth in local manufacturing boosted the battered currency and equities.
At 1515 GMT the rand was 0.88% firmer at 14.7000 per dollar, a touch off its session-best of 14.6550 reached just as New York trading got underway, with sentiment on the side of emerging currencies following the tariff deal between Washington and Mexico.
Manufacturing output in April grew by a consenus-beating 4.6% year-on-year according to Statistics South Africa, as industries blighted by the nationwide power outages of the first quarter bounced back sharply.
"The rand got a little lift from the data but it's mainly being driven by trade factors, which is why you're seeing other EMs firmer today. Plus the noises about the central bank are filtering out too," said Wichard Cilliers, chief trader at TreasuryOne.
Last week the rand sank to its weakest since September after data showing growth contracted in the first quarter was almost immediately followed by a bitter public spat among senior ruling African National Congress officials over the Reserve Bank's mandate.
"We might see the rand even go below 14.60 if things stay as calm as this," Cilliers said.
Bonds also firmed, with the yield on the 2026 government issue down 8.5 basis points to 8.33%, its lowest level since May 2018.
Markets are also increasing bets of a rate cut by the Federal Reserve, helping spur demand for emerging market assets offering chunkier returns.
On the bourse, stocks rose with the benchmark JSE Top-40 Index up 0.57% to 52,656.33 points and the broader All-Share Index closing 0.42% higher at 58,727.73 points.
Manufacturing companies topped the blue-chip index with consumer goods manufacturer Tiger Brands rising 2.69% and paper packaging company Mondi PLC up 1.17%.
Financial companies were among the biggest blue-chip winners, with Capitec Bank up 2.25% and insurance company Discovery closing 1.68% higher on the back of the firmer rand. (Reporting by Mfuneko Toyana and Naledi Mashishi; Editing by Gabrielle Tétrault-Farber)