News Formal

MARKET WRAP: JSE reverses course amid conflicting signals

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Investors are torn between better-than-expected Big Tech earnings and fears of further pain in the US banking sector

The JSE reversed course on Wednesday, closing marginally firmer as better-than-expected quarterly earnings results from Microsoft and Alphabet, and fresh US banking sector jitters jostled for investors’ attention.

Alphabet, Google’s parent company, also beat expectations on sales and earnings, and announced it would step up its share buyback programme to $70bn. First Republic is in the spotlight as investors fear it could face the same fate as Silicon Valley Bank and Signature Bank, whose closures set off an industry crisis in March, according to Bloomberg. Its shares have collapsed more than 93% in the year to date.” said Oanda senior market analyst Craig Erlam.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

SA still an attractive emerging market for investorsSouth Africa continues to be an attractive emerging market investment destination for global business leaders, thanks to the continuing presence of “stable governance and a robust legal framework”. Moneyweb InvestSA Matshoba_A
La source: Moneyweb - 🏆 5. / 77 Lire la suite »

Ninety One punts Asian stocks over JSEAsset manager set to raise its offshore equity exposure closer to 40% due to SA’s grim economy
La source: BDliveSA - 🏆 12. / 63 Lire la suite »