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Xetra turnover up 10 percent in March
April 1, 2010--In March, 110.2 billion euros were traded on Xetra and on the floor at Börse Frankfurt – an increase of 9 percent year-on-year (March 2009: 100.9 billion euros). Of the 110.2 billion euros, 103.3 billion euros were traded on Xetra, an increase of 10 percent year-on-year (March 2009: 93.8 billion euros). 6.9 billion euros were traded on the floor, a decrease of 3 percent (March 2009: 7.1 billion euros).
Turnover in German equities on Deutsche Börse’s cash markets amounted to 95.2 billion euros, while foreign equities turnover stood at 11.9 billion euros. Xetra and the floor at Börse Frankfurt accounted for 96 percent of the transaction volume in German equities on all stock exchanges in Germany. 88 percent of foreign equities traded on stock exchanges in Germany were traded on Xetra and on the floor in Frankfurt.
In March, 14.9 million transactions were executed on Xetra, a decrease of 5 percent against the same period last year (March 2009: 15.7 million).
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Source: Deutsche Börse
Massimo Capuano To Leave London Stock Exchange Group - Raffaele Jerusalmi To Become CEO Of Borsa Italiana
April 1, 2010--London Stock Exchange Group (LSEG) announces today that Massimo Capuano Deputy CEO of LSEG and CEO of Borsa Italiana has resigned from the Company, handing over the role of CEO of Borsa Italiana to Raffaele Jerusalmi.
While his decision to leave the LSEG Board and hand over executive responsibilities takes effect from the end of the financial year, 31 March 2010, Massimo has agreed to remain a board member of Borsa Italiana for a further four months given his unparalleled experience of, and high standing within, the Italian marketplace.
As CEO of Borsa Italiana since 1997, Massimo led the company’s privatisation and subsequent growth and development into one of Europe’s most successfully integrated and efficient markets. Since the completion of Borsa Italiana’s merger with London Stock Exchange Group in 2007, Massimo has overseen technology integration, post-trade development as well as regulatory and institutional affairs at Group level.
Commenting on Massimo’s decision, Chris Gibson-Smith, Chairman of LSEG, said:
“The Board would like to offer its gratitude to Massimo for his years of service leading Borsa Italiana, and his role in the enlarged group following the merger. Massimo has been a great champion for the increased efficiency, competitiveness and internationalisation of the Italian marketplace, and the success of Borsa Italiana reflects his leadership. He leaves with our best wishes for the future.”
Massimo Capuano said:
“I am proud of Borsa Italiana’s achievements over the past 12 years. We have grown significantly both in size and stature and have developed world-class products and services across different assets classes and through the value chain. The company is now an integral and valued part of London Stock Exchange Group and as such is an important player on the world stage.”
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Source: Borsa Italiana
Publication of the Finance Bill
April 1, 2010--The Government is today publishing the 2010 Finance Bill. The Bill will enact many of the measures that the Chancellor set out in his Budget statement and represents a key step in delivering strong, sustainable growth to secure the recovery and meeting the commitment to halve the deficit over four years.
The Financial Secretary to the Treasury, Stephen Timms, said:
“The Government has taken unprecedented action to support the economy through the recession.The Finance Bill published today will help to secure the recovery by introducing further targeted support for businesses and households. Following its passage, around half the tax measures we have announced to halve the deficit will have been passed into law.”
The Lobby Notes, published today, briefly describe the clauses and schedules in the Bill and can be found on the HM Treasury website.
More detailed Explanatory Notes on clauses are available from Stationery Office bookshops and also on HM Treasury website.
Further details on the Bill will be published on the Parliament website and HM Treasury and HM Revenue & Customs websites as the Bill progresses through Parliament.
view Finance Bill 2010
Source: HM Treasury
France wants new bank tax to cover hedge funds
April 1, 2010--A proposed new French tax on banks could also apply to hedge funds as part of an effort to ward off reckless behaviour, Finance Minister Christine Lagarde said Thursday.
"There has to be a taxation mechanism that makes bankers and other players more responsible," said Lagarde in an interview to Canal+ television.
"In particular, financial players such as hedge funds could very well be subjected to this tax."
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Source: EUbusiness
Euro manufacturing defies March forecast
April 1, 2010-- Manufacturing in the eurozone defied forecasts in March, hitting a 40-month high, according to a sector survey released Thursday by data and research group Markit.
The 16-nation euro currency bloc's purchasing managers' index (PMI) for the manufacturing sector, published by Markit, rose 2.4 points from February to 56.6 points in the month of March.
In an estimate last week, Markit set the March index at 53.3 points.
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Source: EUbusiness
ETF Landscape: European STOXX 600 Sector ETF Net Flows, week ending 26-Mar-10
April 1, 2010--Highlights
The largest sector ETF inflows were in banks with USD158.9m and Telecommunications with USD11.7m.
Utilities experienced net outflows of USD43.5m.
Year-to-date, media has had the largest net inflows with USD290.8m net new assets, followed by banks with USD126.4m YTD.
Telecommunications sector ETFs have had the largest net outflows with USD283.7m YTD.
Stoxx 600 sector ETFs have seen USD243.7m net inflows YTD.
visit Blackrock for more information
Source:ETF Research and Implementation Strategy, Blackrock
Direxion Shares has cross-listed six triple-leveraged U.S. ETFs on NYSE Euronext’s Amsterdam Market
March 31, 2010-- Direxion Shares has cross-listed six triple-leveraged U.S. ETFs on NYSE Euronext’s Amsterdam market. The funds are:
ETF name:Direxion Daily Emerging Markets Bull 3X Shares
ETF ISIN:US25459W3007
ETF Symbol:EDC
ETF name:Direxion Daily Emerging Markets Bear 3X Shares
ETF ISIN:US25459W4823
ETF Symbol:EDZ
ETF name:Direxion Daily Financial Bull 3X Shares
ETF ISIN:US25459W5168
ETF Symbol:FAB
ETF name:Direxion Daily Financial Bear 3X Shares
ETF ISIN:US25459W4906
ETF Symbol:FAZ
ETF name:Direxion Daily Large Cap Bull 3X Shares
ETF ISIN:US25459W8626
ETF Symbol:BGU
ETF name:Direxion Daily Large Cap Bear 3X Shares
ETF ISIN:US25459W8543
ETF Symbol:BGZ
Source: NYSE Euronext
Flash estimate - March 2010- Euro area inflation estimated at 1.5%
March 31, 2010--Euro area1 annual inflation2 is expected to be 1.5% in March 2010 according to a flash estimate issued by Eurostat, the statistical office of the European Union.
It was 0.9% in February3.
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Source: Eurostat
Euro area unemployment rate at 10.0%
EU27 at 9.6%
March 31, 2010--The euro area1 (EA16) seasonally-adjusted2 unemployment rate3 was 10.0% in February 2010, compared with 9.9% in January4. It was 8.8% in February 2009. The EU271 unemployment rate was 9.6% in February 2010, compared with 9.5% in January4. It was 8.3% in February 2009. For the euro area this is the highest rate since August 1998 and for the EU27 since the start of the series in January 2000.
Eurostat estimates that 23.019 million men and women in the EU27, of whom 15.749 million were in the euro area, were unemployed in February 2010. Compared with January 2010, the number of persons unemployed increased by 131 000 in the EU27 and by 61 000 in the euro area. Compared with February 2009, unemployment went up by 3.139 million in the EU27 and by 1.844 million in the euro area.
These figures are published by Eurostat, the statistical office of the European Union.
Among the Member States, the lowest unemployment rates were recorded in the Netherlands (4.0%) and Austria (5.0%), and the highest rates in Latvia (21.7%) and Spain (19.0%).
Compared with a year ago, all Member States recorded an increase in their unemployment rate. The smallest increases were observed in Luxembourg (5.4% to 5.5%), Germany (7.3% to 7.5%), and Belgium (7.7% to 8.0%). The highest increases were registered in Latvia (13.2% to 21.7%), Estonia (7.6% to 15.5% between the fourth quarters of 2008 and 2009) and Lithuania (8.1% to 15.8% between the fourth quarters of 2008 and 2009).
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Source: Eurostat
Private equity regains appetite for deals
March 31, 2010--Private equity dealmaking rebounded in the first quarter to its highest level since Lehman Brothers collapsed 18 months ago, highlighting how UK buy-out bosses are expecting an economic recovery.
There were 36 private equity buy-outs worth a total of £5.14bn ($7.8bn) in the first three months of the year, the highest by number and value for seven quarters, according to research published on Thursday by KPMG, the accountants.
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Source: FT.com
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