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Rand gains over 1.3% against dollar

June 3, 2013--South Africa's rand gained more than 1.3% against the dollar on Monday, reversing some of last week's sharp losses which saw it breach the 10.00/dollar level for the first time in four years, leaving it at what some in the market said were oversold levels.

The rand touched a session high of R9.9205, compared with Friday's close at R10.0550.

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Source: FIN24


Bonds snap five-day losing run

June 3, 2013--The SA bond market was firmer on Monday, ending a five-day losing run, as the rand strengthened below the R10/$ level.

“We were due for a bounce after last week’s selloff. The rand is giving us some impetus‚ although it is too early to tell if this is a trend‚” the Johannesburg-based trader said.

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Source: FIN24


JSE reverses course to eke out gain

May 31, 2013--The JSE reversed course in late trade on Friday to eke out a small overall gain as buyers looked to pick up stocks at more affordable levels.

The rand dropped to a fresh four-year low of R10.28 against the dollar on Friday morning‚ underpinning rand hedge dual-listed counters‚ which buoyed the bourse.

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Source: FIN24


Rand shows some muscle

May 31, 2013--The rand regained some lost ground in late trade on Friday after sliding to 10.28/$ earlier in the session.

But dealers see further weakness in the domestic currency in the short term after worse-than-expected South African trade balance data.

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Source: FIN24


Rally in miners pushes JSE firmer

May 30, 2013--The JSE closed higher on Thursday as a rally in gold counters and a weaker rand buoyed the bourse.

The rand dropped below R10/$ due to a sell-off in global commodity currencies‚ which underpinned local rand hedge counters‚ pushing the JSE up.

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Source: FIN24


Gold stocks rally as rand tanks

May 30, 2013--Gold stocks rallied on Thursday, with Harmony Gold Mining [JSE:HAR] soaring nearly 20%, on the combination of a firmer gold price and rand weakness.

The domestic currency breached the R10/$ for the first time since March 2009 while the gold spot was 1.66% to $1 414.06oz.

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Source: FIN24


JSE down as platinums weigh

May 29, 2013--The JSE was in the red in early trade on Wednesday, pulling back after a rally on Tuesday afternoon as a weak rand lifted rand hedge stocks.

At 9:27‚ the JSE All Share [JSE:J203] index was 0.83% softer at 41 622.41 points‚ with the blue-chip Top 40 - (Tradeable) [JSE:J200] index giving back 0.89%.

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Source: FIN24


Rand weaker as foreigners sell bonds

May 29, 2013--The rand continued to lose ground against the dollar on Wednesday as foreigners sold local bonds in response to Tuesday's worse than expected gross domestic product (GDP) figures.

“We’re seeing a combination of things pressuring the rand today. The big thing was the GDP numbers yesterday which were a shocker and turned the market significantly because they will have a big effect on our trade balance. It might also force Gill Marcus’s hand and press her into a rate cut‚” said Tony van Dyk‚ a currency dealer at the Iquad Group.

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Source: FIN24


IMF Country report-Nigeria: Financial Sector Stability Assessment

May 28, 2013--May 28, 2013--EXECUTIVE SUMMARY
1. The Nigerian economy has experienced domestic and external shocks in recent years, which resulted in the 2009 banking crisis. However, the economy has continued to grow rapidly, achieving over 7 percent growth each year since 2009. The performance of financial institutions has begun to improve, though some of the emergency anti-crisis measures continue to be in place.

The success in maintaining financial stability after the crisis, and in the face of major external threats, reflects the decisive and broad-based policy response by the government and the Central Bank of Nigeria (CBN).

2. Following the crisis, the authorities took a comprehensive set of remedial measures. Substantial liquidity was injected; a blanket guarantee for depositors, as well as for interbank and foreign credit lines of banks, was provided; the Asset Management Company of Nigeria (AMCON) was established to purchase banks' nonperforming loans (NPLs) in exchange for zero coupon bonds and inject funds to bring capital to zero; regulations and supervision were strengthened and corporate governance enhanced; and the universal banking model was abandoned and banks instructed to establish holding companies or divest their nonbank activities.

view the IMF Country report-Nigeria: Financial Sector Stability Assessment

Source: IMF


Nigeria: Publication of Financial Sector Assessment Program Documentation

Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation
May 28, 2013--May 28, 2013--I. SUMMARY
1. The regulatory framework for securities markets in Nigeria has improved markedly since the 2002 FSAP, and particularly in the last five years.

Since the adoption of the Investments and Securities Act 2007 (ISA) and the first set of rules and regulations of the Nigerian Securities and Exchange Commission (SEC), the regulatory framework has been further strengthened and expanded. It now covers more products and market participants, and has addressed the need to improve the quality and timeliness of disclosures and manage the risks inherent in the management of client assets in collective investment schemes.

view the Nigeria: Publication of Financial Sector Assessment Program Documentation-Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation

Source: IMF


Americas


January 22, 2025 EA Series Trust files with the SEC-Gadsden Dynamic Multi-Asset ETF
January 22, 2025 BlackRock ETF Trust files with the SEC-iShares Prime Money Market ETF
January 22, 2025 Harbor ETF Trust files with the SEC-8 ETFs
January 22, 2025 Roundhill ETF Trust files with the SEC-Roundhill Weekly T-Bill ETF
January 22, 2025 Professionally Managed Portfolios files with the SEC-Akre Focus ETF

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Europe ETF News


January 09, 2025 ESMA publishes latest edition of its newsletter
January 09, 2025 Palmer Square Capital Management Set to Launch First European CLO ETFs
January 08, 2025 Amundi to shut its original 'multi' smart beta ETF

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Asia ETF News


January 10, 2025 2024 Marks Breakout Year for China's ETF Market with Unprecedented Growth
January 07, 2025 China's Economy Has Not Peaked

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Global ETP News


January 17, 2025 As One Cycle Ends, Another Begins Amid Growing Divergence
January 15, 2025 WEF-These are the biggest risks we face now and in the next 10 years
January 06, 2025 New WFE Research quantifies the impact of stock exchanges on economic growth
January 06, 2025 5 transformational trends shaping global finance

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Middle East ETF News


January 17, 2025 Economic growth in MENA, on track as oil production cuts ease
December 31, 2024 Indxx Licenses Bitcoin Reference Index to Migdal Mutual Funds Ltd. for an ETF
December 25, 2024 Expect a more subdued Dubai bourse in 2025

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ESG and Of Interest News


January 08, 2025 Uranium: Canada aims to become World's Biggest Uranium Producer as demand soars!
January 07, 2025 The Global Cooperation Barometer 2025-Second Edition
December 18, 2024 New database on critical minerals trade launched to support clean energy transition
December 16, 2024 The World's Oldest Bond Just Celebrated Its 400th Birthday And Still Pays an 13.64 Euro Annual Yield

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Infographics


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