MARKET WRAP: JSE reverses course on Microsoft caution

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Tech behemoth’s results were better than expected but its slower sales growth could signal challenges ahead

The JSE reversed course after registering gains on Wednesday, tracking weaker global peers as investors digested corporate earnings reports from the US.

Reports from major technology companies in the world’s biggest economy have intensified concerns about their performance as rates rise and recession fears mount...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.

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JSE makes cautious gains as stocks struggle for directionImpressive US PMIs matched the eurozone’s, which could support the argument that both the Fed and the ECB can keep raising interest rates
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