South African Markets - Factors to watch on May 27

SPX +0.61% IXIC +1.19% The following scheduled equity and currency market moves may affect South African markets on Wednesday. SOUTH AFRICAN MARKETS South Africa's rand fell on Tuesday as U.S. military strikes on Iran dialled back hopes of a peace deal. GLOBAL MARKETS Asian shares climbed to record highs while oil prices remained elevated on Wednesday, as markets looked for signals that a shaky truce between the United States and Iran will be extended. WALL STREET The S&P 500 and Nasdaq hit record closing highs on Tuesday, as AI-fueled optimism offset anxiety over Middle East peace talks — concerns that were compounded by recent U.S. strikes on Iran. GOLD Gold prices edged lower on Wednesday as investors assessed ongoing tensions between the U.S. and Iran, and awaited comments from Federal Reserve officials for monetary policy clues.