Africa ETF News Older Than 1 year-If your looking for specific news, try using the search function
Curve flattens on inflation concerns
February 28, 2013--The South African bond market flattened in midday trade on Thursday as the short-end moved softer in response to rising inflation concerns, while the longer end strengthened on foreign demand.
“The curve has flattened by around five basis points as the market waits for the electricity price announcement this afternoon and tomorrow’s petrol price announcement‚” a local bond trader said.
view more
Bonds tad firmer on stronger rand view more
Growing Dollarisation of Nigerian Economy Raises Dust
They noted that their projection was based on stability in fixed income securities and stable outlook for the financial services markets. view more
At 12:36 the All Share [JSE:J203] index was 0.89% higher at 40 011.77 points‚ with the Top 40 - (Tradeable) [JSE:J200] index recovering 0.96% at 35 589.88 while the banking and platinum indices regained 1.26% and 1.32% respectively.
Source: FIN24
February 25, 2013--The South African bond market was a touch firmer in quiet midday trade on Monday on a slightly stronger rand.
“The rand is slightly stronger‚ which is helping our bonds‚ but there is not much in it‚ as the GDP data on Tuesday and budget on Wednesday will determine the market’s direction‚” a local bond trader said.
Source: FIN24
January 24, 2013--The concern raised by the House of Representatives over the gradual adoption of the US dollar for transaction in the country has caught the attention of money market watchers who fear the development may erode the confidence of Nigerians in the Naira, reports Festus Akanbi
From Oke-Koto in Agege, a suburb of Lagos, to other boisterous areas of the state including Apapa, Allen Avenue and Murtala Mohammed International Airport, Ikeja, it has been business as usual for the ubiquitous foreign exchange black marketers.
Source: All Africa.com
