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Rand on front foot on surprise CPI, 'Bremain'
June 23, 2016--The rand has been on the front foot, trading below R14.60/$ on better than expected inflation data and as markets price in a "Bremain" vote.
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Source: FIN24
JSE investors on sidelines as world awaits Brexit vote
June 23, 2016--Local investors have mostly been on the sidelines, with slight gains in the two main indices as the Resources index strengthened 1.10% in morning trade.
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Source: FIN24
Financials shine as JSE rides wave of renewed risk appetite
June 22, 2016--Financial shares have been the biggest winners on the JSE, as the local market rides a wave of renewed global risk appetite as investors bet Britain will stay in the EU.
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Source: FIN24
South Africa: China to Start Direct Trading Between Yuan, South African Rand
June 21, 2016--China announced Friday it will allow direct trading between the Chinese yuan and South African rand on its inter-bank foreign exchange market from Monday.
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Source: AllAfrica.com
Africa: Africa Growth Falls to 1.7 Percent
June 21, 2016--Strong GDP growth in Africa has masked disappointing productivity, according to The Institute of Chartered Accountants in England and Wales (ICAEW's) latest Economic Insight: Africa Quarter 2 report.
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Source: AllAfrica.com
Chinese stocks decline to lowest since Jan 2015
June 21, 2016--Volatility in Chinese stocks has fallen to the lowest since January 2015 as the benchmark gauge eked out gains amid a lack of trading catalysts.
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Source: FIN24
Nigeria: Banking Index Rises 11.9 Percent As Investors Swoop On Stocks
June 20, 2016--Apparently aware of the positive impact the new foreign exchange (forex) policy of the Central Bank of Nigeria (CBN) will have on the performance of banks, some investors have increased demand for banking stocks.
This development led to a gain of 8.75 per cent in the Nigerian Stock Exchange (NSE) Banking Index last week.
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Source: AllAfrica.com
JSE rally runs out of steam
June 20, 2016--Hope that Britain would vote to stay in the EU spurred global investment in riskier assets, leading to a strong rally on the JSE which lost some momentum later on.
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Source: FIN24
JSE in limbo before long weekend
June 17, 2016--The JSE has been in limbo and most indices have hardly moved, with investors not on holiday for the long weekend apparently happy not to take any firm positions.
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Source: FIN24
Rand back at pre-holiday levels after volatile Brexit trade
June 17, 2016--The rand has stabilised to pre-holiday levels after a volatile session saw the unit touch R15.53/$ on Thursday.
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Source: FIN24
