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Rand slides to 10-week low, could face more pain ahead

August 6, 2020--The rand, already on a losing streak, could be heading for more pain as emerging markets face ongoing pressure, analysts warned on Thursday.

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Source: FIN24


Foreign investors losing interest in SA bonds

August 4, 2020--Foreign investors continue to desert South Africa's bond market in July, with their share of government debt falling to the lowest level in more than eight years.

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Source: news24.com


Rand slips to a three-week low in the wake of poor US growth

July 31, 2020--The rand slipped to a three-week low on Friday, this amid continuing Covid-19 uncertainty in global markets.

The local currency opened trade at R16.75 on Friday and ended the day 1.5% weaker at R17.01.

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Source: FIN24


Trade Pact Could Boost Africa's Income by $450 Billion, Study Finds

July 27, 2020--The African Continental Free Trade Area (AfCFTA) represents a major opportunity for countries to boost growth, reduce poverty, and broaden economic inclusion, a new World Bank report has found. If implemented fully, the trade pact could boost regional income by 7% or $450 billion, speed up wage growth for women, and lift 30 million people out of extreme poverty by 2035.

The report suggests that achieving these gains will be particularly important given the economic damage caused by the COVID-19 (coronavirus) pandemic, which is expected to cause up to $79 billion in output losses in Africa in 2020. The pandemic has already caused major disruptions to trade across the continent, including in critical goods such as medical supplies and food.

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view the World Bank The African Continental Free Trade Area Economic and Distributional Effects report

Source: World Bank


African Development Bank Regional Economic Outlook 2020: COVID-19 response and economic diversification crucial to growth recovery in Southern Africa, the most affected region

July 27, 2020--Report recommends inclusive, broad-based and pro-poor policies to address inequality and reduce poverty rates
Impact of COVID-19 in South Africa projected to affect rest of Southern African economies
A higher level of preparedness is urgently needed to prevent and mitigate the COVID-19 pandemic in Southern Africa, including additional resources for testing and to reduce the impact on households and the economy, the African Development Bank said in its new Southern Africa Regional Economic Outlook.

In the worst-case scenario, growth in Southern Africa would fall to -6.6% in 2020 before recovering to 2.2% in 2021.

Growth is projected at -4.9% in the baseline case, mainly driven by the deep recession in South Africa, induced by a fall in commodity prices, containment measures, weather-related events, and the structural issues related to public utilities. The region's growth is projected to be the most affected by COVID-19.

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Source: afdb.org


Nigeria: Country Refines Own Gold For First Time

July 16, 2020--Nigeria has for the first time refined its own gold and purchased the refined product into a new gold reserve.
On Thursday, the Central Bank of Nigeria (CBN) presented a cheque of N268 million for the country's first artisanally-mined and refined gold.

The cheque was presented to the Presidential Artisanal Gold Mining Development Initiative (PAGMDI) on Thursday at the launch of the gold purchase programme in Abuja.

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Source: allafrica.com


Nigeria: Equities Market Opens Negative, As Investors Lose N55 Billion

July 14, 2020-Trading activities at the local bourse started the week bearish as the benchmark index moderated 44bps to close at 24,200.60 following sell-offs in MTNN (-1.0percent), Zenith (-3.0percent) and Guaranty Trust Bank (-2.0percent ).

As a result, investors lost ₦55.2bn as market capitalisation fell ₦12.6tn while year to date loss worsened -9.8percent.

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Source: allafrica.com


African Development Bank Regional Economic Outlook 2020: In West Africa, harnessing the youth workforce could speed economic recovery in the post-COVID-19 era

July 10, 2020--Growth in West Africa, poised to expand by 4.0 percent in 2020, now projected to contract by -2.0 percent in 2020
Demand for science, technology, engineering and mathematics increasing, though school enrolment, retention rates poor

West Africa's burgeoning youth population offers a strategic workforce which can be harnessed for employment and economic growth, despite a COVID-19 pandemic that is devastating the continent and global economies, the African Development Bank said in its regional economic outlook report.

As a result of the pandemic, growth in the West Africa region, which was poised to expand by 4.0 percent in 2020, following growth of 3.6 percent in 2019, is now projected to contract by -2.0 percent in 2020, and could fall by as much as -4.3 percent in a worst-case scenario. Countries that depend on oil and tourism for foreign exchange and fiscal revenues will especially face reduced fiscal space and heightened external account imbalances, stoking a build-up of public debt.

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view the West Africa Economic Outlook 2020-Coping with the COVID-19 Pandemic

Source: afdb.org


Rand 'surprisingly firm' as global coronavirus cases surge

July 10, 2020--The rand plunged to a low of under R19/$ in early April when South Africa entered its first month of lockdown, but has been gradually gaining ground since then.

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Source: FIN24


Nigeria devalues naira to close gap with unofficial rates

July 8, 2020--The Central Bank of Nigeria has weakened the naira, responding to mounting pressure from external lenders, US dollar shortages and a slump in oil prices that has blown a hole in the country's budget.
Traders said that the central bank requested dealers to submit official bids at 380 to the dollar on Friday last week, according to Reuters.

The naira closed at 381 to the dollar on Tuesday, down about 5.5 per cent from the previous official rate of 360.

Nigeria last cut the value of its currency during the height of global market volatility in March, when the price of oil, the country's key export, collapsed. Up to that point, the exchange rate had held at around 307 for more than three years.

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Source: technocodex.com


Americas


June 30, 2025 Allspring Exchange-Traded Funds Trust files with the SEC
June 30, 2025 Northern Lights Fund Trust files with the SEC-Toews Agility Shares Hedged Equal Weight ETF and Toews Agility Shares Hedged-Qs ETF
June 30, 2025 Lazard Active ETF Trust files with the SEC-Lazard US Systematic Small Cap Equity ETF
June 30, 2025 WisdomTree Trust files with the SEC-WisdomTree Japan Opportunities Fund
June 30, 2025 J.P. Morgan Exchange-Traded Fund Trust files with the SEC-JPMorgan 100% U.S. Treasury Securities Money Market ETF

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Europe ETF News


June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter
June 06, 2025 Active ETF fever grips selectors-is the end in sight for mutual funds?

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Asia ETF News


June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update
June 13, 2025 US trading firm Virtu weighs foray into China market-making business

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Global ETP News


June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions
June 03, 2025 Trade Reckoning

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

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White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

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