MARKET WRAP: JSE has best day in four months as global efforts help ease banking turmoil
Global markets cheered the latest efforts by governments in the US and Europe to ease a crisis threatening the global banking sector
20 March 2023 – 18:24
The JSE had its best day in more than four months on Monday, supported by strong gains in metals, with global markets firmer as investors welcomed the latest efforts by governments in the US and Europe to ease a crisis threatening the global banking sector.
Swiss-based UBS, agreed at the weekend to buy Credit Suisse as part of a cut-price deal in an effort to stem the risk of contagion to the global banking system. Swiss authorities and regulators helped to facilitate the deal, Bloomberg reported…