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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


JSE trims gains at noon

February 15, 2012--The JSE remained in positive territory at noon on Wednesday but off session highs, as resources erased their early gains.

At 12:04 local time, the JSE All Share [JSE:J203] index was up 0.24% to 34 195.28 points, with platinum shares lifting 0.34%; resources were flat, while the gold index dipped 0.90%.

Industrials added 0.42%, banks gained 0.27% and financials edged up 0.25%.

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Source: FIN24


Rand off best levels as euro slides

February 15, 2012--The rand was off its best levels of the day against the dollar in late afternoon trade on Wednesday as it tracked a euro that had slid against the greenback following comments from the German Ministry of Finance.

There were also rumours in the market that eurozone officials were considering a delay to all or part of the second Greek bailout until after the Greek elections expected in April.

"There's been a euro sell-off and considering this, the rand has remained quite strong and hasn't weakened as much as we expected," a local currency trader said.

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Source: FIN24


JSE down, investors hung up over Telkom

February 14, 2012--South African stocks ended 0.29% lower on Tuesday, undermined by investors banking profits for resource companies such as Anglo American.

Telkom declined 2.7% to R27.45 after the competition regulator asked that the fixed-line operator be fined R3.5bn ($454m) for excessive pricing dating back to 2004.

The Competition Tribunal, which adjudicates on such complaints, is currently hearing arguments from both Telkom and the Competition Commission, South Africa's anti-trust regulator.

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Source: FIN24


Bonds off worst levels after auction

February 14, 2012--South African bonds were in weaker territory during midday trade on Tuesday, but off the sessions worst levels after the weekly government bond auction.

The National Treasury received bids totalling R2.12bn for R500m worth of R204 bonds at a clearing yield of 7.490%, R2bn for R500m worth of R207 bonds at a clearing yield of 7.735% and R2.59bn for R1.1bn worth of R213 bonds at a clearing yield of 8.690%.

At 11:50, the benchmark R157 bond was trading at 6.600%, from its previous close of 6.565%. The R207 was bid at 7.765% and offered at 7.735% from a previous close of 7.745% and the R186 was trading at 8.290% from its close of 8.230%.

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Source: FIN24


Rand tracks listless euro

February 14, 2012--The rand remained softer against the dollar in late afternoon trade on Tuesday as it tracked a listless euro.

"There's been a little bit of fall out on Moody's decision to downgrade six eurozone countries and what we're seeing is a technical clear-out on the rand," an analyst said.

He added that he was still bullish on the local currency.

"The Moody's downgrades were not a surprise and were to some extent priced into the markets."

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Source: FIN24


JSE rises, resources rebound

February 13, 2012--South African stocks rose 1% on Monday, led by resource firms such as diversified miner Anglo American, after Greece's parliament approved sweeping austerity measures that reassured equity markets around the world.

Global stock markets sighed in collective relief after Greek lawmakers assented to deeply unpopular austerity measures that were required before the European country can secure a second rescue package and the money it needs to meet debt repayments.

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Source: FIN24


Rand stays firm as euro holds on to gains

February 13, 2012--The rand remained firmer against the dollar in late afternoon trade on Monday as it tracked a euro that had held on to earlier gains on the news of the Greek approval of austerity measures.

"Today we recovered fairly nicely after that SA Reserve Bank media notification on Friday caused the markets to take fright," a local currency trader said, referring to the announcement which turned out not to have been market moving, but merely news that the appearance of SA's banknotes would change.

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Source: FIN24


Americas


June 30, 2025 Allspring Exchange-Traded Funds Trust files with the SEC
June 30, 2025 Northern Lights Fund Trust files with the SEC-Toews Agility Shares Hedged Equal Weight ETF and Toews Agility Shares Hedged-Qs ETF
June 30, 2025 Lazard Active ETF Trust files with the SEC-Lazard US Systematic Small Cap Equity ETF
June 30, 2025 WisdomTree Trust files with the SEC-WisdomTree Japan Opportunities Fund
June 30, 2025 J.P. Morgan Exchange-Traded Fund Trust files with the SEC-JPMorgan 100% U.S. Treasury Securities Money Market ETF

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Europe ETF News


June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter
June 06, 2025 Active ETF fever grips selectors-is the end in sight for mutual funds?

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Asia ETF News


June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update
June 13, 2025 US trading firm Virtu weighs foray into China market-making business

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Global ETP News


June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions
June 03, 2025 Trade Reckoning

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

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White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

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