The JSE was firmer on Thursday morning, along with its global peers, as positive corporate earnings and robust economic data in the US supported sentiment.
Investors warmed to earnings from Moderna and PayPal, as well as surprise US service-sector growth...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 Sunday Times Daily.
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US-CHINA TENSIONS: US House Speaker Pelosi lands in Taiwan, defying Chinese warnings(Bloomberg) — US House Speaker Nancy Pelosi became the highest-ranking American politician to visit Taiwan in 25 years, prompting China to announce missile tests and military drills encircling the island that set the stage for some of its most provocative actions in decades. Thats the story from the one side of the coin. The flip side paints a different picture.
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MARKET WRAP: JSE tracks global peers as Pelosi’s visit to Taiwan angers ChinaThe JSE tracked weaker global markets as US House speaker Nancy Pelosi’s visit to Taiwan stoked anger in China
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MARKET WRAP: JSE firms as US economic data lifts sentimentInvestors cheer better-than-expected figures from the manufacturing sector
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China warns US will 'pay the price' if Pelosi visits Taiwan | The CitizenBeijing considers self-ruled, democratic Taiwan its territory and has vowed to one day seize the island, by force if necessary.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Business Maverick: Stocks stabilise as traders weigh US-China tension: markets wrapStocks stabilised in Asia on Wednesday, helped by a climb in Hong Kong, as some of the investor anxiety over fraught US-China ties eased. Treasuries pared a slide sparked by hawkish Federal Reserve comments.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Pelosi Vows US Won’t Abandon Taiwan in Face of China ThreatsHouse Speaker Nancy Pelosi pledged that the US wouldn’t abandon Taiwan, reaffirming American support for the democratically elected government in Taipei despite threats of fresh trade curbs and military actions by Beijing.
Source: dailymaverick - 🏆 3. / 84 Read more »