In response to growth concerns, Europe’s central bank delayed rate hikes and launched a new stimulus package aimed at helping banks lend more
A pedestrian walks past an electronics stock indicator at the window of a securities company in Tokyo, Japan. Picture: AFP/MARTIN BUREAU
A more dovish ECB on Thursday delayed rate hikes and launched a new stimulus package aimed at helping banks lend more. Tencent, the flagship asset of JSE-heavyweight Naspers, was 2.3% down in Hong Kong, setting Africa’s largest public company up for a negative end to the week.Financial services group MMI Holdings, along with a number of small- and mid-cap groups, is due to report results on the JSE on Friday.The drug manufacturer said its commercial pharmaceuticals business in emerging markets did well, although this was offset by a decline in revenue from manufacturing.
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