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SA stocks may rise on better risk sentiment on Wednesday

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S&P 500 Index gains 0.8% overnight

The JSE could be boosted by slightly improved risk sentiment on Wednesday after US President Donald Trump sought to reassure markets that a trade dispute with China could still be resolved.

China retaliated to higher tariffs on exports to the US, sparking concerns about global economic growth. Hong Kong’s Hang Seng Index was 0.7% up on Wednesday, while the Shanghai Composite added 1.1%. Stocks rose in Japan, Korea and Australia. Brian Joffe’s Long4Life is scheduled to report results for the year ended February. The group said recently headline earnings per share in the year rose 22% to 32%.

 

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