The JSE tracked firmer US and European markets on Wednesday as a slew of strong US corporate earnings boosted sentiment. Miners, industrials and retailers were the main winners on the day.
“Stocks rose as investors got better-than-expected earnings while digesting [the] rising US 10-year Treasury yield,” said Oanda senior market analyst Craig Erlam. “While equity markets are recovering some of Tuesday’s losses, anxiety and uncertainty continue to dominate.”..