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Sarb index shows softer growth outlook

February 21, 2012--The South African Reserve Bank's monthly economic indicator fell by 0.4% month-on-month in December as four of its 10 components decreased, the bank said on Tuesday.

The indicator collates data such as business confidence, job advertisements and volume of manufacturing orders to gauge the economic outlook. It was generally soft for most of 2011.

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Source: FIN24


JSE cuts gains to end flat

February 20, 2012--The JSE ended flat on Monday, cutting earlier gains as market players cleared their positions ahead of the Greek bailout package decision.

At 17:00 local time, the JSE All Share [JSE:J203] index was up 0.07% to 34 106 points, led by the platinum sector, which climbed 0.96%, resources were flat (0.04%), while the gold index shed 1.30%.

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Source: FIN24


Rand, bonds closer higher in risk-on trade

February 20, 2012--The rand strengthened against the dollar on Monday on rising global risk appetite and South African government bonds edged higher, but local debt could come under pressure if the government signals a rise in borrowing in its budget this week.

Economists expect Finance Minister Pravin Gordhan to target a budget deficit of 5.4% of GDP for the 2012/13 fiscal year when he unveils his annual budget on Wednesday. That would be down from an estimated 5.3% of GDP in 2011/12 but higher than a forecast of 4.8% of GDP for 2012/13 made in last year's budget as the government ramps up spending on infrastructure and social services.

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Source: FIN24


ECOWAS to Introduce Single Currency by 2020

February 20, 2012--The Economic Community of West African States (ECOWAS) is to introduce single currency in the sub-region by 2020, while it will become effective in English speaking countries in 2015.

Speaker of the ECOWAS Parliament, Senator Ike Ekweremadu, made this disclosure during a dinner party organised by him in his house for members of the Administration, Finance and Budget Committee, after their one week meeting/workshop held in Enugu.

Ekweremadu who is also the Deputy Senate President, welcomed the Parliamentarians to Enugu and maintained that his tenure as the Speaker would see the Parliament performing all her legislative functions to the fullest and taking the sub- region to the next level.

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Source: This Day Live


JSE stays positive on world markets

February 17, 2012--The JSE remained positive in midday trade on Friday, tracking the firmer tone on world stock markets amid fresh hopes that Greece will secure its financial bailout on Monday, and positive US economic data.

At 12:00 local time, the JSE All Share [JSE:J203] index was up 0.80% to 34 073.58 points, led by resources, which climbed 1.57%; gold miners rose 1.23%, while the platinum index lifted 1.15%.

Financials were up 0.37%, banks gained 0.38%, while industrials firmed 0.38%.

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Source: FIN24


Stocks up as platinum recovers

February 17, 2012--South Africa's benchmark index rose 0.9% on Friday as recovery in the platinum price prompted a rebound in miners such as Lonmin, while Anglo American rose after posting a rise in full-year earnings.

Local sentiment was also buoyed by strong U.S. macro-economic data and optimism over the possibility of a Greek debt deal early next week.

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Source: FIN24


Rand ends firm ahead of Greek deal

February 17, 2012--The rand firmed against the dollar in afternoon trade on Friday ahead of Monday's expected announcement of a Greek deal.

"All eyes will be on Greece on Monday, so this afternoon saw some short-covering ahead of the weekend," a local dealer said.

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Source: FIN24


JSE extends losses on risk aversion

February 16, 2012--The JSE extended losses in midday trade on Thursday, with mining shares such as Anglo Gold Ashanti and Kumba Iron Ore coming under heavy selling pressure amid risk aversion, in line with global markets.

At 12:04 local time, the JSE All Share [JSE:J203] index was off 0.94% to 33 768.79 points, led down by platinum miners, which dropped 2.31%, gold miners slid 2.08%, while the resource index lost 1.57%.

Financials were down 0.87%, banks lost 1.32%, while industrials dipped 0.43%

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Source: FIN24


Rand trims losses but still vulnerable

February 16, 2012--South Africa's rand weakened against the dollar on Thursday but was off two-and-half week lows hit earlier after higher than expected U.S. data boosted risk appetite.

South African government bonds also weakened in line with the rand and are expected to stay under pressure before the National Treasury’s Budget next Wednesday

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Source: FIN24


African ETF market gains traction

February 15, 2012--African investors are tapping the exchange-traded fund market as new listings across the continent increase on-exchange liquidity and boost access to gold ETFs.

The Nigerian Stock Exchange, or NSE, saw its newly listed gold exchange traded fund rally, reflecting growing interest in the region for ETFs.

The NewGold ETF, which was listed on December 19, rallied nearly 10% in the last week, closing at 2,768 Nigerian Nairas (€13.1) per unit last Friday. This was a 9.5% rise from December’s opening price of N2,526.

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Financial News


Americas


March 31, 2025 Crossmark ETF Trust files with the SEC-Crossmark Large Cap Growth ETF and Crossmark Large Cap Value ETF
March 31, 2025 Managed Portfolio Series files with the SEC-Tortoise Global Water ESG Fund and Tortoise North American Pipeline Fund
March 31, 2025 Lazard Active ETF Trust files with the SEC-5 ETFs
March 31, 2025 First Trust Exchange-Traded Fund VIII files with the SEC-First Trust Active Global Quality Income ETF and FT Energy Income Partners Enhanced Income ETF
March 31, 2025 Grayscale Funds Trust files with the SEC- Grayscale Bitcoin Premium Income 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
March 17, 2025 iM Global Partner enters the Active UCITS ETF Market in Europe
March 17, 2025 Sustainability rules are not a block on EU defence financing, but reputational fears are

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Asia ETF News


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
March 11, 2025 KB Asset Management Launches KB RISE US Quantum Computing ETF, Tracking the Solactive US Quantum Computing Technology Index

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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 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
March 05, 2025 Half of world's CO2 emissions come from 36 fossil fuel firms, study shows

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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
February 21, 2025 IMF Working Paper-Understanding the Macroeconomic Effects of Natural Disasters

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