JOHANNESBURG, May 6 (Reuters) - The following scheduled economic events, equity and currency market moves may affect South African markets on Wednesday.

ECONOMIC EVENTS

April S&P purchasing managers index

SOUTH AFRICAN MARKETS

The South African rand was range-bound in early trade on Tuesday as fresh U.S. and Iranian strikes in the Gulf tested a fragile truce and weighed on risk appetite..JZAR/

GLOBAL MARKETS

Stocks leaped, oil prices sank, and the dollar dropped in Asian trading on Wednesday after U.S. President Donald Trump touted "great progress" toward a "final agreement" with Tehran, while momentum in AI-driven trades accelerated. MKTS/GLOB

WALL STREET

The S&P 500 and Nasdaq notched record high closes on Tuesday, lifted by Intel and other AI-related stocks, as a U.S.-Iran ceasefire held firm and investors focused on strong quarterly earnings..N

GOLD

Gold prices rose 2% on Wednesday, buoyed by a weaker dollar, while softer oil prices eased fears of inflation and higher-for-longer interest rates, amid hopes of a U.S.-Iran peace deal.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

- Listed property rebounds with April rally after weak first quarter

- Insurance giant raises alarm over business insolvencies