Geopolitics Alpha

South Africa awaits clarity on AGOA membership

Published . Updated .

South Africa awaits clarity on AGOA membership

Source: Adobe Stock South Africa has been participating in the AGOA act since the early 2000s, but following years of debate the country may lose that benefit when the US government announces its final decision on the matter today (2 November). Under the act, countries in Africa

Directly affected

  • ADBE Adobe+0.2% 30d

    Named in this report.

Indirectly affected

  • EZA iShares MSCI South Africa ETF-5.9% 11d

    iShares MSCI South Africa ETF holds stocks listed in South Africa, which this story is about (“south africa”).

  • GFI Gold Fields-21.6% 30d

    Gold Fields (gold and silver ores) is one of the largest South Africa-based companies traded in the US, so news about South Africa (“south africa”) reaches its shares.

  • SSL Sasol

    Sasol (crude petroleum and natural gas) is one of the largest South Africa-based companies traded in the US, so news about South Africa (“south africa”) reaches its shares.

  • EEM iShares MSCI Emerging Markets ETF-0.3% 30d

    iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes South Africa, which this story is about.

  • XLK Technology Select Sector SPDR+9.1% 16d

    Technology Select Sector SPDR holds the technology sector that Adobe belongs to, so it often moves with news about it.

  • MSFT Microsoft+4.0% 30d

    Microsoft is a peer of Adobe in prepackaged software; rivals often move on the same news.

  • PLTR Palantir Technologies+0.6% 30d

    Palantir Technologies is a peer of Adobe in prepackaged software; rivals often move on the same news.

  • ORCL Oracle-12.4% 30d

    Oracle is a peer of Adobe in prepackaged software; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
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SSLNo price data for this ticker———————
EEMNo price data for this ticker———————
XLKNo price data for this ticker———————
MSFTNo price data for this ticker———————
PLTRNo price data for this ticker———————
ORCLNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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South Africa awaits clarity on AGOA membership Fruitnet

Source: Fruitnet

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Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “South Africa awaits clarity on AGOA membership” looks

12 out of 100

“South Africa awaits clarity on AGOA membership” scores 12 out of 100. The score uses 1 sources.