South African Markets - Factors to watch on Nov 6
JOHANNESBURG, Nov 6 (Reuters) -The following equity and currency market moves may affect South African markets on Wednesday.
SOUTH AFRICAN MARKETS
South Africa's rand edged higher on Tuesday after the release of a local purchasing managers' index and as the United States headed to the polls to elect its next leader.
On the stock market, the Top-40 .JTOPI index closed nearly 0.6% higher. .JZAR/
GLOBAL MARKETS
U.S. stock futures and the dollar surged in Asia on Wednesday as investors wagered Republican Donald Trump could win the U.S. presidential election, though officially the race remained too early to call. MKTS/GLOB
WALL STREET
U.S. stocks closed sharply higher in a broad rally on Tuesday after data signaled a solid economy, but investors braced for volatile trading this week as voting was underway in an extremely tight U.S. presidential election. .N
GOLD
Gold prices were largely flat on Wednesday as investors keenly awaited the outcome of a tightly-contested U.S. presidential race. GOL/
EMERGING MARKETS
For the top emerging markets news, double click on nTOPEMRG
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Some of the main stories out in the South African press:
BUSINESS DAY
- Sibanye triples SA gold earnings in third quarter
- Motsepe backs long-term prospects of SA’s ‘trillion-rand’ mining industry
FIN 24
- SA to get 'Home Affairs Premium': A doorstep ID, passport delivery service
- FedEx in SA must withdraw misleading 'no cost' customs claim, watchdog finds
(Compiled by Bhargav Acharya)
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