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JSE negative amid caution over jobs

July 8, 2011--The JSE surrendered its slender gains at opening by midday on Friday amid some caution over nonfarm payrolls data and profit taking, according to a local dealer.

By noon local time, the JSE All Share [JSE:J203] index lost 0.40%, with banks sliding 0.31% and financials down 0.06%. Industrials also dropped 0.29%. Platinum miners slipped 0.94%, gold miners declined 0.50% and resources fell 0.70%.

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Source: FIN24


JSE buoyed by US data

July 7, 2011-- The JSE ended in the black on Thursday, led by resources stocks and buoyed by better than expected US ADP jobs data, along with market friendly comments by European Central Bank president Jean Claude Trichet.

By 17:00 local time, the JSE All Share [JSE:J203] index was up 0.51%, with resources adding 1.17%. Gold miners moved marginally higher by 0.04%, but platinum miners declined 0.07%.

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Source: FIN24


Bonds buoyed by rand, foreign buying

July 7, 2011-- South African bonds maintained their stronger bias and were up to six basis points firmer during late trade on Thursday

A local trader said the stronger rand had boosted the market, and there was a strong appetite for local bonds, especially from foreigners.

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Source: FIN24


Volatile JSE ends on sour note

July 6, 2011--The JSE ended the volatile session lower on Wednesday as a combination of profit-taking, Portugal's downgrade and poor US economic data took a toll on the local market. Gold stocks, however, bucked the trend, putting in a good performance, said Andrew Todd, an equity derivatives trader at Imara SP Reid.

The market, Todd said, had a couple of wild swings today, with knee-gerk reactions to the downgrade of Portugal punctuating increased volatility on the day.

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Source: FIN24


Bonds firmer in thin late trade

July 6, 2011-- South African bonds were firmer in late trade on Wednesday, which a trader said was "probably" due to some late offshore buying.

By 15:50, the benchmark R157 bond was trading at 7.465%, from its previous close of 7.480%. The R207 was bid at 8.335% and offered at 8.310% from 8.345%, and the R186 was trading at 8.545% from 8.560%.

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Source: FIN24


Rainfall, Financial Development, and Remittances: Evidence from Sub-Saharan Africa

July 6, 2011--Summary: We use annual variation in rainfall to examine the effects that exogenous, transitory income shocks have on remittances in a panel of 42 Sub-Saharan African countries during the period 1960-2007.

Our main finding is that these income shocks have a significant positive effect on remittances, but that the effect is significantly decreasing in the share of domestic credit to GDP. So much so, that at high levels of credit to GDP transitory increases in income had a significant negative effect on remittances. Our findings are consistent with the view that remittances take advantage of unexploited domestic investment opportunities that can exist due to domestic credit market frictions. Our findings also support the view that when barriers to financial flows are low, remittances effectively provide insurance against transitory income shocks.

view IMF Working paper-Rainfall, Financial Development, and Remittances: Evidence from Sub-Saharan Africa

Source: IMF


Deutsche Bank lists three Exchange Traded Notes

July 5, 2011--These JSE-listed instruments offer a cost-efficient, convenient and liquid solution for South African investors wishing to invest into Emerging Market regions and countries without utilising their offshore allowances.
The ETNs will track the following Indices:
MSCI Emerging Markets Total Return Index:

This is a free float adjusted market capitalisation index and currently includes companies across 23 Emerging Market countries.

The shares listed in the BRIC countries (Brazil, Russia, India and China) account for approximately 50% of the Index whereas South Africa shares account for approximately 7.5%.

MSCI China Total Return Index:

This is a free float adjusted market capitalisation index and includes approximately 150 companies incorporated in the People's Republic of China (listed in USD on the Shanghai Stock Exchange or the Shenzhen Stock Exchange (in HKD), or listed in HKD on the Hong Kong Stock Exchange).

MSCI Africa Top 50 Capped Total Return Index:

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Source: Deutsche Bank Securities


JSE up a pip in lacklustre trade

July 5, 2011- The JSE closed 176 points in the black on Tuesday in line with a positive trend running through the market in recent sessions.

A dealer noted, however, lacklustre trade ahead of key economic data expected out of the US later in the week, with nonfarm payrolls data in particular expected to generate investor interest.

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Source: FIN24


Bonds mixed in late trade

July 5, 2011--- South African bonds were mixed in late trade on Tuesday. The longer dated R186 was weaker and the benchmark R157 bond was slightly firmer

A local trader said: "We've been trading within the ranges throughout the session, 47-46 must have been the low and we're back up to 49. It has a lot to do with the auction, the R203s were fair but the R214s went the other way."

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Source: FIN24


Botswana's economy shrinks

July 5, 2011--Botswana's economy contracted 2.2% in the first quarter compared to the previous three months due to lower mining output,

the Central Statistics Office (CSO) said on Monday.

The mining sector contracted by 4.2% in the first quarter, while finance and business services fell by 6.1%, a statement on the CSO website showed.

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Source: FIN24


Americas


April 25, 2025 Tradr Launches Leveraged ETFs on APP and QBTS
April 25, 2025 Exchange Traded Concepts to Close and Liquidate The Range Global LNG Ecosystem Index ETF (NYSE: LNGZ)
April 25, 2025 Roundhill Announces Name Change for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE)
April 25, 2025 Financial Stability Report
April 25, 2025 Tidal ETF Trust files with the SEC-RPAR Risk Parity ETF and UPAR Ultra Risk Parity ETF

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Europe ETF News


April 24, 2025 ESMA assesses the risks posed by the use of leverage in the fund sector
April 23, 2025 Europe and Central Asia: Accelerate Growth through Entrepreneurship, Technology Adoption, and Innovation
April 23, 2025 ETF and ETP listings on 23 April 2025: new on Xetra and Boerse Frankfurt
April 17, 2025 ETF and ETP listings on 17 April 2025: new on Xetra and Borse Frankfurt
April 16, 2025 ETF and ETP listings on 16 April 2025: new on Xetra and Borse Frankfurt

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Asia ETF News


April 24, 2025 Asia Can Boost Economic Resilience Amid Surging Trade Tensions
April 24, 2025 Low-Cost ETFs and Long-Term Capital Funds Drive High-Dividend Strategies in A-Share Market
April 23, 2025 South Asia's Growth Prospects Dimming Amid Global Uncertainty
April 22, 2025 KB Asset Management to Launch KB RISE US Natural Gas Value Chain ETF Tracking the Solactive US Natural Gas Value Chain Index
April 11, 2025 Indxx Licenses India Digital Select 5 NTR Index & India Large-Cap Growth Select 5 NTR Index to KB Securities in Korea

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Global ETP News


April 24, 2025 Deloitte Releases 2025 Financial Services Industry Predictions Report
April 23, 2025 Rising Global Debt Requires Countries to Put their Fiscal House in Order
April 22, 2025 ETFGI reports record Q1 net inflows of US$463.51 billion into the global ETFs industry
April 22, 2025 The Global Economy Enters a New Era
April 22, 2025 IMF World Economic Outlook-A Critical Juncture amid Policy Shifts

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Middle East ETP News


April 23, 2025 Growth in the Middle East and North Africa Forecast to Moderately Accelerate in 2025 Amidst Uncertainty
April 10, 2025 GCC on track to see an uptick in local currency sukuk

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ESG and Of Interest News


April 22, 2025 Charted: Countries Accumulating the Most AI Patents
April 15, 2025 State of the Global Climate 2024
March 31, 2025 OECD urges strengthened co-operation to sustain trillion-dollar ocean economy
March 30, 2025 Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief Warns
March 26, 2025 'Renewables are renewing economies', UN chief tells top climate forum

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White Papers


April 22, 2025 Langham Hall -Trends in venture capital fund terms report
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April 11, 2025 IMF Working Papers-The Global Impact of AI: Mind the Gap
March 21, 2025 Could Digital Currencies Lead to the Disappearance of Cash from the Market?

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