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South African Markets - Factors to watch on Nov 5

By Reuters News

JOHANNESBURG, Nov 5 (Reuters) - The following scheduled political and economic events, and equity and currency market moves may affect South African markets on Thursday.


SCHEDULED EVENTS

South Africa's municipal election results trickle in

Whole-economy PMI survey ZAPMIM=ECI


GLOBAL MARKETS

Oil, chip stocks and the dollar were under pressure in Asia on Thursday and just about everything else was up after US voters swept the Democrats to a series of stunning midterm election wins, a result that raised hopes for an end to the US-Iran war. MKTS/GLOB


WALL STREET

Wall Street closed sharply higher on Wednesday as Democrats' sweeping midterm election victory eased political uncertainty and boosted risk appetite, though data centre shares fell on fears of tighter AI regulation. .N


GOLD

Gold prices climbed nearly 2% to a two-week high on Thursday, supported by a weaker US dollar and lower US Treasury yields in the wake of a Democratic midterm election wave. GOL/


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


BUSINESS DAY

- SA voter turnout threatens to redraw political map


NEWS24

- What was AGOA really worth to SA exporters?

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