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Rand hits 3-week high against dollar

June 2, 2011--The rand advanced to a new three-week high against the dollar on Thursday, as data showing that US weekly jobless claims fell less than expected undermined the greenback.

The rand has recovered from 10-week lows of R7.0748/$ hit last week, breaking through several resistance levels as the approval of Walmart's R16.5bn bid for local retailer Massmart Holdings [JSE:MSM] this week boosted investor sentiment.

Source: FIN24


JSE depressed by US jobs data

June 3, 2011--The JSE closed on a sour note on Friday, punctuating a week that was dominated by a flurry of disappointing US economic data that raised fears about the longevity of the US economic recovery.

Concerns over the disappointing economic statistics from the US may have led to potential risk-aversion and uncertainty, said Andrew Todd, an equity derivatives trader at Imara SP Reid. Resources, which led the sell-off, took the biggest hit as the rand remained strong, making them less appealing to investors, Todd said.

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Source: FIN24


JSE slumps on investor fears

June 2, 2011--The JSE sank on Thursday on the back of a combination of the strong rand, downbeat US economic data and resurfacing worries over the European sovereign debt crisis. Resources and gold counters slid more than 2%, thanks in part to the robust rand and a slight pullback in commodity prices.

The local currency, which rose against the pound and the dollar, hit dual-listed stocks and mining companies particularly hard, said Kevin Algeo, portfolio manager at Imara SP Reid.

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Source: FIN24


Bonds mostly firmer on rand

June 2, 2011--South African bonds were mostly firmer in late trade on Thursday, tracking the strong local currency. The longer dated R186s were a touch weaker on some selling earlier in the day.

By 15:50, the benchmark R157 bond was trading at 7.395% from its previous close of 7.425%. The R207 was bid at 8.145% and offered at 8.225% from 8.155% and the R186 was trading at 8.360% and offered at 8.435% from 8.355%.

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Source: FIN24


Bonds buoyed by short covering

June 1, 2011--South African bonds were up to 15 basis points firmer in late trade on Wednesday, on the back of a bout of short covering.

Short covering activity is positive for prices, as it means short sellers have to purchase securities to close out short sales.

By 15:50, the benchmark R157 bond was trading at 7.425% from its previous close of 7.530%. The R207 was bid at 8.160% and offered at 8.140% from 8.275% and the R186 was traded at 8.350% and offered at 8.340% from 8.505%.

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Source: FIN24


Weaker JSE mirrors global trend

June 1, 2011--The JSE ended broadly lower on Wednesday, in synch with its global counterparts, with volumes remaining light on a day when the US released disappointing data.

By 17:00 local time, the JSE All Share [JSE:J203] index was down 0.75%, with gold miners declining 0.52%, resources easing 1.16% and platinum miners falling 0.21%. Banks also shed 1.05%, financials gave up 0.85% and industrials were down 0.34%.

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Source: FIN24


Upbeat Greek news shores up JSE

May 31, 2011--The JSE stayed firmly in positive territory at noon on Tuesday as upbeat news on Greece helped bolster investor sentiments worldwide.

The market is eagerly awaiting the Competition Tribunal's decision over the Massmart Holdings [JSE:MSM] and Walmart deal, according to an equity derivatives trader, who also stated that the reweighting of the MSCI Index was likely to affect local shares such as Murray & Roberts, Barloworld [JSE:BAW] and Life Healthcare Group Holdings [JSE:LHC].

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Source: FIN24


Rand warms to Walmart deal approval

May 31, 2011--The rand has extended gains against the dollar on Tuesday, after competition authorities approved the Walmart/Massmart deal with conditions.

The rand firmed to R6.8548 against the dollar at 12:27 GMT, from R6.8720 before news that Walmart's $2.4bn bid for Massmart Holdings [JSE:MSM] could go ahead.

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Source: FIN24


Bonds remain flat despite a busy day

May 31, 2011--South African bonds remained relatively flat in late trade on Tuesday, despite the release of better than expected key economic data.

By 16:00, the benchmark R157 bond was trading at 7.520% from its previous close of 7.465%. The R207 was bid at 8.270% and offered at 8.240% from 8.210% and the R186 was trading at 8.470% and offered at 8.485% from 8.460%.

The rand was bid at 6.8351 against the dollar from 6.9238 late on Thursday.

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Source: FIN24


SA notches up 4.8% growth

May 31, 2011-- South Africa’s economy grew by 4.8% in the first quarter of 2011 on a seasonally adjusted and annualised basis, compared with a revised 4.5% expansion in the fourth quarter of 2010, data showed on Tuesday.

On an unadjusted year-on-year (y/y) basis, the economy expanded by 3.6% from 3.8% in the fourth quarter.

A Reuters poll of 20 economists last week forecast economic growth slowing to 4.2% in the first quarter and 3.6% on a y/y unadjusted basis

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Source: FIN24


Americas


July 02, 2025 Northern Lights Fund Trust II files with the SEC-PeakShares Sector Rotation ETF
July 02, 2025 Northern Lights Fund Trust II files with the SEC-Beacon Tactical Risk ETF and Beacon Selective Risk ETF
July 02, 2025 RBB Fund Trust files with the SEC-MUFG Japan Small Cap Active ETF
July 02, 2025 Columbia ETF Trust I files with the SEC-5 ETFs
July 02, 2025 Stone Ridge Trust files with the SEC-LifeX 2028 Income Bucket ETF and LifeX 2030 Income Bucket 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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