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.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Moneyweb - 🏆 5. / 77 Read more »
Ninety One punts Asian stocks over JSEAsset manager set to raise its offshore equity exposure closer to 40% due to SA’s grim economy
Source: BDliveSA - 🏆 12. / 63 Read more »