Business
Macquarie chief optimistic as trading conditions improve – Sydney Morning Herald
Macquarie shares jump higher as the investment giant said conditions in the last quarter brightened.
We saw increased volatility as well as dislocation, Ms Wikramanayake said. That drove client activity and trading opportunities for our team.
Ms Wikramanayake said Macquarie now expects its full-year results to be slightly down as opposed to significantly down compared to the previous years performance but added impairments and credit losses were expected.
Market conditions are likely to remain challenging, especially given this significant and unprecedented uncertainty caused by the COVID environment…
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