Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
Industrials, commodities fare worst
April 4, 2013--The JSE pared intraday gains to close the Thursday session firmly in the red as losses in the gold mining and platinum spaces weighed and a slew of negative global economic data prints and announcements added to the pressure on the local bourse.
At 17:00‚ the JSE All Share [JSE:J203] index closed 0.89% lower at 39 064.88 points‚ with the blue-chip Top 40 - (Tradeable) [JSE:J200] index giving back a similar margin‚ down 0.92%.
view more
Source: FIN24
Bonds slightly firmer on Japanese move
April 4, 2013--Bonds were a touch firmer in quiet midday trade on Thursday after the Bank of Japan increased monetary stimulus to boost the world's third largest economy.
“We are seeing increased supply from the Treasury‚ Eskom and Transnet‚ but for the moment that is being balanced by overseas moves to stimulate moribund economies‚” a local bond trader said.
view more
Source: FIN24
Rand weaker ahead of ECB meeting
April 4, 2013--The rand was weaker against the dollar at midday on Thursday but remained range-bound ahead of major data releases later today and tomorrow.
“The rand is still very much in ranges‚” said Lee Naisbitt a currency trader at RMB. “We have a lot of data coming out‚ with the European Central Bank (ECB) this afternoon and US nonfarm payroll figures tomorrow. They will set the tone going forward‚” he said.
view more
Source: FIN24
Commodities induce JSE plunge
April 3, 2013--A big drop in mining stocks weighed heavily on the JSE on Wednesday with the gold, platinum and resource gauges all suffering big losses, down 4.21%, 2.88% and 2.38% respectively,
amid concern about local labour issues and slower global growth prospects than previously expected due to weaker global PMI prints
view more
Source: FIN24
Industrials lead JSE gains at noon
April 2, 2013--The industrial stocks have led the JSE gains in the first trading day of the second quarter after the all share
index gained a paltry 1.56% in the last quarter.
read more
Source: FIN24
Rand loses on PMI data
April 2, 2013--The rand was slightly softer at midday on Tuesday on lower than expected purchasing managers index (PMI) figures.
The seasonally adjusted Kagiso purchasing managers’ index (PMI) lost 4.3 points to 49.3 in March after moving above the key 50-point mark to 53.6 in February‚ data on Tuesday showed.
view more
Source: FIN24
Africa: Challenges of the Brics
March 28, 2013--In order to prevent the BRICS from ending up as a talking shop they will have to work hard at forestalling the potential for them to become fierce competitors.
The success of the BRICS - Brazil, Russia, India and China and South Africa - partnership will depend on whether individual members can overcome the dilemma of being allies as well as fierce competitors, for markets, goods and geopolitical influence.
view more
Source: Allafrica.com
JSE steady ahead of holiday weekend
March 28, 2013--The JSE was virtually unchanged at midday on Thursday ahead of the Easter weekend.
A global risk-off environment has encouraged investors to turn to safe-haven investments as ongoing bail-out issues in Cyprus and the political uncertainty in Italy continued to weigh on global sentiment.
view more
Source: FIN24
Rand flat on Brics, eurozone
March 28, 2013--A combination of push and pull factors kept the rand steady at midday on Thursday.
Euro weakness stemming from fears over contagion in Europe has kept the domestic currency on the back foot‚ while talk about the introduction of a Brics bank has renewed investor sentiment.
view more
Source: FIN24
JSE falls on eurozone jitters
March 27, 2013--The JSE has pared morning gains, closing sharply lower with only gold miners making gains due to their safe-haven allure
amid negative global market sentiment.
view more
Source: FIN24
