The Daily Update: 18 July

The latest updates from the JSE and NYSE over the past 24 hours.

South Africa

ArcelorMittal South Africa Limited

• The Company CFO has resigned with immediate effect due to personal reasons.

The U.S.

Bank of America Earnings

• EPS of $0.88 beating expectations of $0.84.
• Revenue of $25.20B beating expectations of $25B.

Tesla

• Tesla is planning to double the size of its German Gigafacotory to produce up to one million EVs cars a year.