Energy Sector Fell, Metals Sector Was Mixed on November 29
The companies in the energy sector were lower on November 29. The major ETFs related to the energy sector such as USO and DBO fell 3.6% and 3.4%.
How Did Energy Companies Perform on November 22?
The companies in the energy sector were mixed on November 22.
Performance of Companies in Energy, Mining Sectors on September 26
The companies in the energy sector were mixed on Monday, September 26. The United States Oil ETF (USO) and the PowerShares DB Oil ETF (DBO) rose ~2.2% and ~2.1%, respectively.
Is the Egyptian Pound Set for More Devaluation?
The IMF announced that it would be lending $12 billion to help revive the Egyptian economy and help the central bank stabilize the Egyptian pound.
Energy Sector Companies: How Did They Perform on July 11?
Crude oil–related companies lost momentum on July 11. At 3:30 PM EST, major ETFs related to the energy sector such as USO and DBO fell ~1.5% and ~0.34%.
African Central Banks Tighten Policy Rates to Counter Inflation
The South African Reserve Bank increased policy rates by 25 basis points to 7.0% on March 17, 2016, as Governor Lesetja Kganyago expressed concern over the recent sluggish economic growth in South Africa.
South Africa’s Inflation Heads North despite Economic Slowdown
Agricultural output was reduced due to adverse weather conditions that made food prices soar. Let’s look into some key reasons for the high inflation.
Unemployment Remains a Major Concern for South Africa
South Africa’s unemployment rate was as high as 25% in 2015. The high unemployment rate has been a serious issue in the country for several years now.
Mining and Agriculture Sectors Distressed in South Africa
The mining and quarrying industry in South Africa witnessed sharp falls. Possible reasons include falling commodity prices globally and weakened demand.
An Overview of the South African Economy’s Structure
The finance sector here consists of finance, real estate, and business services. The South African economy depends heavily on the manufacturing sector.
South African Rand Nears Record Lows
The South African rand fell to record lows against the US dollar on December 8, 2015, as a slew of disappointing macroeconomic data brought the currency down.
Sizing up the T. Rowe Price Africa & Middle East Fund
The T. Rowe Price Africa & Middle East Fund invests in between 50 and 80 companies, focusing on Kenya and South Africa, as well as Saudi Arabia and the UAE.
T. Rowe Price Africa & Middle East Fund: Abysmal 1-Year Returns
In the last one year, the T. Rowe Price Africa & Middle East Fund (TRAMX) has had a return of -19.5%. The return since the fund’s inception in September 2007 is about 0.2%.
The Nile Pan Africa A Fund: Negative Returns for 5 Years
The Nile Pan Africa A Fund (NAFAX) invests at least 80% of its portfolio in the stocks of Africa-based companies. The majority of the fund’s exposure is in South Africa.
The Commonwealth Africa Fund: Consistently Negative Returns
Since its inception in November 2011, the Commonwealth Africa Fund has had a return of -4.3%. Given the poor returns, investors are unwilling to invest in the risks of Africa.
EMEA Countries Have Mixed Responses to Devaluation of the Yuan
Countries in the EMEA (Europe, the Middle East, and Africa) region have shown mixed responses to the devaluation of the yuan.