MARKET WRAP: JSE rebounds on the back of strong US earnings
Analysts caution that rising US Treasury yields are pointing clearly to higher interest rates that are likely to hit stocks
19 January 2022 - 17:53
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.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.