Americas ETP News Older Than 1 year
If your looking for specific news, using the search function will narrow down the results
U.S. International Reserve Position
July 7, 2010--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $126,620 million as of the end of that week, compared to $124, 970 million as of the end of the prior week.
I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
|
|
|
|||
|
|
July 2, 2010 |
|||
|
A. Official reserve assets (in US millions unless otherwise specified) 1 |
|
|
126,620 |
|
|
(1) Foreign currency reserves (in convertible foreign currencies) |
Euro |
Yen |
Total |
|
|
(a) Securities |
8,954 |
14,817 |
23,771 |
|
|
of which: issuer headquartered in reporting country but located abroad |
|
|
0 |
|
|
(b) total currency and deposits with: |
|
|
|
|
|
(i) other national central banks, BIS and IMF |
13,122 |
7,276 |
20,398 |
|
|
ii) banks headquartered in the reporting country |
|
|
0 |
|
|
of which: located abroad |
|
|
0 |
|
|
(iii) banks headquartered outside the reporting country |
|
|
0 |
|
|
of which: located in the reporting country |
|
|
0 |
|
|
|
|
|||
|
(2) IMF reserve position 2 |
11,734 |
|||
|
|
|
|||
|
(3) SDRs 2 |
55,038 |
|||
|
|
|
|||
|
(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 |
|||
|
--volume in millions of fine troy ounces |
261.499 |
|||
|
|
|
|||
|
(5) other reserve assets (specify) |
4,638 |
|||
|
--financial derivatives |
|
|||
|
--loans to nonbank nonresidents |
|
|||
|
--other (foreign currency assets invested through reverse repurchase agreements) |
4,638 |
|||
|
B. Other foreign currency assets (specify) |
|
|||
|
--securities not included in official reserve assets |
|
|||
|
--deposits not included in official reserve assets |
|
|||
|
--loans not included in official reserve assets |
|
|||
|
--financial derivatives not included in official reserve assets |
|
|||
|
--gold not included in official reserve assets |
|
|||
|
--other |
|
|
|
|
read more
Source: U.S. Department of the Treasury
Legg Mason files with the SEC
July 7, 2010--Legg Mason has filed an aplication with the SEC for exemptive relief -actively managed ETF.
view filing
Source: SEC.gov
China rules out ‘nuclear option’ on T-bills
July 7, 2010--China has delivered a qualified vote of confidence in the dollar and US financial markets, ruling out the “nuclear option” of dumping its huge holdings of US government debt accumulated over the last decade.
But the State Administration of Foreign Exchange, which administers China’s $2450bn in reserves, the largest in the world, also called on Washington and other governments to pursue “responsible” economic policies.
The statement on Wednesday, one of a series that Safe has issued in recent days in an apparent effort to address criticism about its lack of transparency, also played down the chances of China making major further investments in gold.
read more
Source: FT.com
Wall Street rallies on State Street outlook
July 7, 2010--US stocks pushed higher for the second straight session on Wednesday as a positive earnings outlook from State Street boosted financials and outweighed concerns about the forthcoming earnings season.
There is a perception that the market is cheap relative to other asset classes and has been oversold over the past two months, said Sean Kraus, chief investment officer at Pasadena-based CitizensTrust.
“We’re seeing a dichotomy between those who think the market is cheap – they point to low price-to- earnings multiples – and those who are looking at the slowdown on a macro-economic level,” he said.
read more
Source: FT.com
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
July 7, 2010--Standard & Poor's Canadian Index Operations announces the following index changes:
Crescent Point Energy Corp. (TSX:CPG) has announced the completion of the acquisition of Shelter Bay Energy Inc.
The relative weight of Crescent Point will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion and the S&P/TSX Capped Energy indices to reflect the issuance of new shares as part of the transaction, which will be effective after the close of Wednesday, July 14, 2010.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poors
Emerging Markets Week in Review -6/28/2010 - 7/2/2010
July 6, 2010--The Dow Jones Emerging Markets Composite Index declined for its second consecutive week, down 3.62% over concerns of slower than expected global growth in the second half of 2010. Utilities and Health Care, two of the more defensive sectors, were the best performing groups, down only 0.33% and 1.43% respectively. Materials led the market down for the week, losing 6.02%, and has been the worst performing sector so far in 2010.
As the second quarter came to a close last week, all emerging market sectors were negative for the period despite optimism that developing regions will continue to buoy weaker growth from their developed counterparts.
read more
Source: Emerging Global Advisors
Brazil Consumer ETF to Begin Trading in New York, Global X Says
July 6, 2010--The Global X Brazil Consumer ETF will begin trading in New York on July 8, said the chief executive officer of Global X Management Company LLC, the asset manager overseeing the exchange-traded fund.
The ETF will track the Solactive Brazil Consumer Index of 28 companies including Cia de Bebidas das Americas, Latin America’s largest brewer known as AmBev, and JBS SA, the world’s biggest beef producer. It will trade under the ticker symbol BRAQ and will be listed on NYSE Arca, an electronic market operated in New York by NYSE Euronext, Bruno del Ama, chief executive officer of New York-based Global X, said in a phone interview from Los Angeles.
read more
Source: Business Week
London calling: U.K.’s ETF Securities plans big commodities push in U.S.
July 6, 2010--ETF Securities, a London-based provider of exchange-traded funds, is planning a major push into the U.S. market with the launch of 18 commodities-based ETFs and a precious-metals basket ETF.
As of now, the firm markets just four ETFs in the U.S, all launched this year. But the company wants to expand its offerings in response to investor and adviser demand for commodities, which aren’t correlated to the markets, said Will Rhind, strategic director.
While there has been much attention paid to gold of late, investors and advisers realize that other commodities are also worth looking at, he said.
read more
Source: Investment News
Euro worries slam stock funds, Morningstar says
July 5, 2010--
-- Those with investments weighted toward stocks or stock-based funds are likely poorer now than they were three months ago, according Morningstar Canada’s quarterly statistics on equity-based funds.
The investment-research firm said in a report on Monday that most world stock markets lost ground for a third straight month in June. It said money shifted away from risky investments, such as stocks, and toward the relative safety of fixed-income products and precious metals.
The increasing adversity to investor risk was attributed to concerns earlier in the quarter about debt levels in “a handful of European countries,” with worries escalating to doubts about the state of the world’s economic recovery, Morningstar said.
read more
Source: Financial Post
IMF Managing Director Encourages Caribbean Countries to Face Challenges
Push Forward with Economic Reforms
July 5, 2010--Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund (IMF), gathered with Caribbean leaders in Montego Bay, Jamaica, for the 31st Regular Meeting of the Caribbean Community (CARICOM). “Caribbean countries have an opportunity to put an end to the negative cycles of high debt and low growth that have been affecting their economies, and set forth towards a path of long-term, sustainable growth”, Mr. Strauss-Kahn said.
The Caribbean has been significantly affected by the global crisis, Mr. Strauss-Kahn noted in his presentation to the 15 heads of state and officials from the region, the first ever participation of an IMF managing director in the CARICOM meeting. High debt burdens and tight financing left Caribbean leaders with little room for fiscal stimulus, while the room to lower interest rates has been constrained by fixed exchange rate regimes. In some countries, strains have appeared in the financial sector, and the proposed tightening in international standards for offshore financial centers will also pose challenges.
read more
Source: IMF