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Bonds remain weak in late trade

May 11, 2011--South African bonds were up to seven basis points weaker in late trade on Wednesday, which a trader attributed to the weaker local currency and some selling of benchmark R157 bonds.

The main focus this week is the all-important SA Reserve Bank (Sarb) Monetary Policy Committee (MPC) meeting, which got underway yesterday, with the decision on interest rates due on Thursday afternoon.

By 15:45, the benchmark R157 bond was trading at 7.620% and offered at 7.605% from 7.550% at the previous close.

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Source: FIN24


JSE ends volatile day slightly lower

May 11, 2011-- The JSE finished modestly lower on Wednesday in a volatile session that saw the local bourse swerve from losses to gains, with falling commodities adding pressure.

The exchange fared better than some of its global counterparts, however, with the weak rand minimising losses to just over 0.10%, said Kevin Algeo, portfolio manager at Imara SP Reid. By contrast, London's FTSE 100 was 0.77% softer at 17:03 local time.

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Source: FIN24


Dollar demand knocks rand

May 11, 2011-- The rand fell more than 1.7% to a fresh three week low against the dollar on Wednesday as Europe's debt problems kept investors wary of risk and local oil importers bought dollars.

Government bonds also had a tough session, frustrated by the weak rand and local selling at the front end of the curve. Stocks closed slightly lower, tracking US markets weaker after the release of trade deficit figures for the United States.

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Source: FIN24


In Africa, Technology Helps Citizens Hold Their Governments Accountable

May 10, 2011--Shimmering new call centers, the rapid explosion of mobile phones and Internet connections today mark the landscape of many African cities—where improved Information and Communication Technology (or ICT) infrastructure is helping connect urban dwellers to global networks.

Though the continent is rapidly urbanizing—3.5 percent of Sub Saharan Africa’s one billion people move into cities each year—and local governments have trouble providing essential public services to the growing numbers of people, many municipalities are taking advantage of the rise of ICT to improve the lives of their residents.

“By linking citizens and municipalities, ICT can serve as an effective tool for strengthening urban governance, which is the key to addressing the challenge of urban development,” said Junaid Ahmad, the World Bank’s Sector Manager for Africa Urban and Water.

view the Guidebook: Good Urban Governance through ICT: Issues, Analysis, and Strategies

Source: World Bank


Bonds take direction from rand

May 10, 2011--South African bonds took their direction from the rand, remaining firm in late trade on Tuesday.

A local trader said that, at these levels, the market was seeing strong offshore demand.

By 15:55, the benchmark R157 bond was trading at 7.570% from 7.555% at the previous close.

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Source: FIN24


Risk aversion weighs down rand

May 10, 2011-- The rand fell 1.4% to a three-week low against the dollar on Tuesday, as debt problems in some European countries dented investors' risk appetite and also in a correction after last week's three-year highs.

In Tuesday late afternoon trade, the unit traded at R6.7851/$ after earlier touching a session low of R6.8125/$, its softest level since April 19.

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Source: FIN24


JSE rallies on commodities and rand

May 10, 2011-- The JSE ended sharply higher on Tuesday, as firmer commodity prices and a weaker rand helped lift mining counters such as Anglo America [JSE:AGL]. The resources index surged just over 2%.

The rand targeted a sustained push above 6.80 against the dollar in afternoon trade on Tuesday as a result of risk aversion amid uncertainty in the market created by concerns of the fiscal state of the euro zone.

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Source: FIN24


Nigerian pensions reach $12.8 bn

May 10, 2011--The National Pension Commission of Nigeria regulates over N2 trillion ($12.8 billion) in assets under management. This has been accumulated from 4.7 million people who have opened Retirement Savings Accounts and other pensions since the Pension Reform Act 2004. The assets are up from N1.8 trillion at July 2010 and the rate of contribution is increasing each year.

Africa’s domestic savings institutions are growing fast in many countries. In some capital markets they are growing faster than the demand for capital, the issuing of new shares, bonds and other investments, and they are mopping up available liquidity in the securities markets. Mr. Muhammad K. Ahmad, Director General of PenCom, gave the figure at the opening of a two-day workshop jointly organized by PenCom and Organisation of Pension Supervisors (IOPS) on 5 May, according to a report in Daily Trust newspaper.

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Source: African Capital Markets


JSE will monitor hedge fund trading with Momentum tool

May 9, 2011--In a move designed to bring much needed transparency to the unregulated hedge fund industry, the Johannesburg Stock Exchange Ltd (JSE) announced today that it has acquired Momentum’s Managed Account Platform (MAP) after receiving approval for the transaction from the Competition Commission.

This risk management tool, which offers hedge fund investors greater protection by segregating investors’ assets from the hedge fund manager, was developed to monitor hedge funds’ trading activity, thereby ensuring that they remain within agreed investment mandates.

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Source: Business Day


Bonds firm, but off day's best levels

May 9, 2011--South African bonds remained firm but were off the day's best levels in late trade on Monday.

A local trader said the strong rand and offshore demand had boosted the local market.

By 15:45, the benchmark R157 bond was trading at 7.550% from 7.575% at the previous close. The R207 was bid at 8.355% and offered at 8.325% from 8.370%.

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Source: FIN24


Americas


July 17, 2025 Build Funds Trust files with the SEC-Build Bond Innovation ETF
July 17, 2025 Neuberger Berman ETF Trust files with the SEC-Neuberger Berman Commodity Strategy ETF
July 17, 2025 Neuberger Berman ETF Trust files with the SEC-Neuberger Berman China Equity ETF and Neuberger Berman Global Real Estate ETF
July 17, 2025 Neuberger Berman ETF Trust files with the SEC-Neuberger Berman Short Duration Income ETF
July 17, 2025 Neuberger Berman ETF Trust files with the SEC-Neuberger Berman Option Strategy ETF

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Europe ETF News


July 02, 2025 Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)
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

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Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
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

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Global ETP News


July 07, 2025 WTO issues new edition of World Tariff Profiles
July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective

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Middle East ETP News


July 14, 2025 Kuwait bourse to return to debt listing and trade in 2025
June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future

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ESG and Of Interest News


June 30, 2025 OECD-Environment at a Glance Indicators
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

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