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JSE firmer on bargain-hunting

June 12, 2013--The JSE was in positive territory on Wednesday morning as Tuesday's profit-taking gave way to bargain-hunting by investors who saw value in stocks at lower price levels.

At 9:41‚ the JSE All Share [JSE:J203] index was up 0.67% at 39‚884.95 points‚ and the blue-chip Top 40 - (Tradeeble) [JSE:J200] index up by a similar margin‚ adding 0.70%.

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Source: FIN24


Rand reverses losses

June 11, 2013--The rand wiped out earlier losses in late afternoon trade on Tuesday, turning firmer against the dollar after local factory output beat forecasts.

The rand, which was earlier sold off to a new four-year low of R10.36, firmed 0.46% to R10.1401 by 15:51

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Source: FIN24


JSE plunges as rand extends weakness

June 11, 2013--The JSE plunged lower at midday due to a broad-based sell-off across emerging markets and in particular emerging market bonds.

“We are seeing fresh sell-off across emerging markets today spurred by a further deterioration in the rand. The currency broke through the key 10.30 level to the dollar‚ igniting the sell-off across the different sectors‚” said Francois Venter‚ an equity dealer at Investec Asset Management.

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Source: FIN24


Renminbi Set to Internationalise Further in Africa

June 10, 2013--Growing China-Africa trade ties position the renminbi to continue its internationalisation on the continent

Just over two years since its began its process of internationalisation, China's renminbi is well on its way to becoming a global currency. Trade redenomination into renminbi has taken place everywhere from Malaysia to the Middle East, although the process is still in its early stages across Africa.

But growing trade ties between China and Africa will drive a rapid uptick in the use of the renminbi on the continent, particularly in trade settlement, according to Standard Chartered.

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Source: AllAfrica.com


Climate Resilience and Low-Carbon Growth Critical for Nigeria's Economic Future

June 10, 2013--Nigeria's economy can be made more climate-resilient and less carbon-intensive without foregoing growth, argue two new World Bank reports "Toward Climate-Resilient Development in Nigeria" and "Low-Carbon Development Opportunities for Nigeria," released today.

These studies are the fruit of a two-year long collaboration between the World Bank and the Government of Nigeria to address the challenges posed by climate change to Nigeria. The reports identify specific technologies and management practices that could be applied to key economic sectors, including agriculture and land use, water resources, oil and gas, power, and transport.

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Source: World Banlk


JSE firmer, aided by rand hedge stocks

June 10, 2013--The JSE was up slightly on Monday at midday as rand hedge stocks helped lift the local bourse despite losses in banks and retail counters.

“The rand is the main factor driving movement on the JSE today and banks are the key underperformers‚” said Ryan Wibberley‚ head of equity dealing for emerging markets at Investec Asset Management.

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Source: FIN24


Rand weakens on mine strike fears

June 10, 2013--The rand extended losses against the dollar to more than 2.4% on Monday and long-dated government bond yields soared 30 basis points, on fears of more mine strikes and as the market prices in higher interest rates this year.

The rand hit a week's low of R10.2152 after ending Friday's session at R9.9700, edging closer to last month's four-year low of R10.2850. It was at R10.1750 by 13:48, down 2% from the previous close.

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Source: FIN24


Absa lists NewPlat ETF

SA investors gain direct exposure to Rand performance of platinum bullion
June 8, 2013--On April 26, 2013, The corporate and investment banking division of Absa Bank Limited (Absa), member of Barclays, listed the first fully backed physical platinum Exchange Traded Fund (ETF) on the Johannesburg Stock Exchange (JSE).

An investment in Absa’s NewPlat ETF issued by NewGold Issuer Limited, issuer of the largest ETF in the South African market, will provide investors with the opportunity to obtain exposure to the Rand performance of platinum bullion.

"As a South African first, the NewPlat ETF demonstrates Absa’s innovation and leadership in brining world class financial products to local investors at competitive rates,” says Vladimir Nedeljkovic, Head of Investments at Absa’s Corporate and Investment Banking division.

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Source: Absa Bank Limited (Absa)


JSE cuts initial losses in volatile trade

June 7, 2013--The JSE rebounded from initial losses to trade higher on Friday in volatile trade ahead the closely watched US jobs report for May.

At 12:54‚ the JSE All Share [JSE:J203] index was up 0.42% to 40 509.50 points‚ trimming the weekly decline to 3.50%.

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Source: FIN24


Bonds softer on weaker rand

June 7, 2013--South African bonds were trading mostly softer in midday trade on Friday due to a weaker rand.

The local currency has dropped about 10c per dollar on Friday from its overnight levels.

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Source: FIN24


Americas


April 03, 2025 Investment Managers Series Trust II files with the SEC-Tradr 1X Short Innovation Daily ETF
April 03, 2025 Tidal Trust II files with the SEC-4 Defiance Daily Target 2X Long ETFs
April 03, 2025 Advisors Series Trust files with the SEC-Reverb ETF
April 03, 2025 Baillie Gifford ETF Trust files with the SEC
April 02, 2025 First Trust Exchange-Traded Fund VIII files with the SEC-FT Vest Laddered Max Buffer ETF

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Europe ETF News


March 24, 2025 MarketVector Strengthens Leadership in Multi-Assets Strategies with the Launch of the MarketVector Crypto-Balanced Multi-Asset Index (TOPMDL)
March 24, 2025 21Shares expands European footprint with new listings on Nasdaq Stockholm

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Asia ETF News


March 28, 2025 HashKey Group and Bosera Launch World's First Tokenised Money Market ETF
March 25, 2025 Southeast Asia's Economies Can Gain Most by Packaging Ambitious Reforms
March 17, 2025 E Fund: Harnessing AI Trends in China to Drive Innovation and Enhance ETF Offerings
March 12, 2025 Viet Nam's Economy Forecast to Grow 6.8 Percent In 2025: WB
March 12, 2025 Coinbase returns to India: Crypto exchange confirms securing FIU regulatory nod

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Global ETP News


March 25, 2025 WEF-2024 Global Retail Investor Outlook
March 24, 2025 More Record-Breaking Growth Expected as Investors Lean on ETFs to Manage Global Uncertainty: BBH 2025 Global ETF Investor Survey
March 17, 2025 Infographic-Charted: Global Economic Policy Uncertainty (1997-2025)
March 06, 2025 IMF-Global Financial Stability Note-Pension Funds and Financial Stability

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Middle East ETF News


March 21, 2025 Qatar's Economy Grows 2.4% in 2024, Q4 GDP Up 6.1% Year-on-Year
March 20, 2025 Egypt's economic growth set to improve in Q2, driven by industry: minister
March 11, 2025 Qatar: QSE fully waives trading fees on ETFs, aims improved market liquidity
March 07, 2025 IMF-Financial Conditions and Their Growth Implications for Qatar: Qatar
March 07, 2025 IMF-Artificial Intelligence in Qatar: Assessing the Potential Economic Impacts

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ESG and Of Interest News


March 30, 2025 Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief Warns
March 26, 2025 'Renewables are renewing economies', UN chief tells top climate forum
March 20, 2025 How DeepSeek has changed artificial intelligence and what it means for Europe
March 10, 2025 IMF-Driving Change: Women-Led Economics
March 05, 2025 F&D: Reconnecting Morality with Political Economy

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White Papers


March 21, 2025 Could Digital Currencies Lead to the Disappearance of Cash from the Market?
March 12, 2025 IMF Note-Fund Investor Types and Bond Market Volatility
February 28, 2025 IMF Working Paper-Not all Housing Cycles are Created Equal: Macroeconomic Consequences of Housing Booms
February 28, 2025 Pension Reform and Stock Market Development

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