News Formal

MARKET WRAP: JSE pares losses as global markets assess fallout from SVB’s collapse

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

Business News News

Gains in local precious metals and resources stocks helped lift the JSE off its intraday worst levels

The JSE pared losses on Monday, ending off its intraday worst levels, as global stock investors assessed the implications of the Silicon Valley Bank collapse.

The US Treasury and Federal Reserve stepped in to provide emergency funding to the banking sector at the weekend in the face of a potential banking crisis after the sudden collapse of SBV on Friday...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: S&P futures jump on SVB backstop, rate bets shift: markets wrapUS stock futures rallied more than 1.5% while the dollar and bond yields tumbled as investors digested the steps taken by regulators to shore up the American financial sector in the wake of Silicon Valley Bank’s failure.
Source: dailymaverick - 🏆 3. / 84 Read more »