South African Markets - Factors to watch on October 27

By Reuters News

- The following scheduled economic events, equity and currency market moves may affect South African markets on Tuesday.

ECONOMIC EVENTS

South Africa-Leading indicator ZALEAD=ECI

South African government bond auction

GLOBAL MARKETS

Asian stocks surged on Tuesday as AI bellwether Anthropic's eagerly anticipated IPO filing lifted risk appetite ahead of tech earnings that will be a test for the AI trade, and central bank meetings that will influence near-term interest rates. MKTS/GLOB

WALL STREET

US stocks closed higher on Monday, with the S&P 500 and Nasdaq coming off consecutive weekly declines, as Anthropic's IPO filing helped boost sentiment in AI-related stocks in a week filled with a host of market catalysts. .N

GOLD

Gold slipped on Tuesday, weighed down by a firmer US dollar, while investors looked ahead to the Federal Reserve's policy meeting for fresh guidance on the outlook for interest rates. GOL/

Some of the main stories out in the South African press:

BUSINESS DAY

- Godongwana: Political tightrope ahead to pass fiscal anchor

- Helios to buy up to 49% of Mozambique’s largest flour miller

NEWS24

- Irvin Jim, Numsa officials’ fightback bid doomed as special meeting draws too few members

- Pick n Pay rewrites its store mix as rivals ‘carpet-bomb’ the market

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