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The EURO STOXX 50 and STOXX Ltd. Turn 20
March 1, 2018--The EURO STOXX 50(R) Index turns 20 this week, a period marked by financial crises and recoveries, a deeper economic union of the region, and the transformation of markets.
When the benchmark for Eurozone blue chips was established on Feb. 26, 1998, it was a seminal moment that launched STOXX Ltd. into existence and preceded the historical introduction of the euro by just over ten months.
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Source: STOXX
The Spanish Stock Exchange traded 46.5 billion euros in February, up 2.8% year-on-year
March 1, 2018--The Spanish Stock Exchange traded €46.5 billion in Equities in February, up 2.8% year-on-year. The number of trades in February came in at 4.4 million, up 15.5% from the same month a year earlier.
Trading of Financial Derivatives to the end of February increased 0.48% year-on year. The increase in trading was centred mainly in IBEX 35 derivatives, up 33.9%. The open interest in IBEX 35 Futures, Mini IBEX and IBEX 35 Options increased 7.4%, 61.5%, and 59.6% respectively.
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Source: BME (Bolsas y Mercados Españoles
ESMA updates EMIR validation rules
March 1, 2018--The European Securities and Markets Authority (ESMA) has updated today its validation rules regarding the European Markets Infrastructure Regulation (EMIR) with regards to the revised technical standards on reporting under Article 9 of EMIR.
ESMA updated its validation rules for the reports submitted under the revised technical standards to:
Allow for the reporting of exchange-traded derivatives in products for which the effective date may be earlier than the date of execution; and
Clarify how the identification of the product should be validated in the reports submitted on or after 3 January 2018.
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Source: ESMA
IMF-Kingdom of the Netherlands: Concluding Statement of the 2018 Article IV Consultation
February 28, 2018-- Outlook-A Positive Outlook with Remaining Challenges
1.The Dutch economy is in a positive phase. Growth is estimated at just above 3 percent in 2017 and is forecast to continue at about the same rate this year, supported by strong domestic demand and resilient exports.
However, wage growth has been modest at around 1 percent in recent years although trending upwards, reflecting slow productivity growth, subdued inflation expectations, and remaining slack and rising flexibility in the labor market. Inflation only picked up moderately, to 1.3 percent in 2017. Credit developments have remained contained due to continued deleveraging by banks, firms, and households. The current account surplus increased further, reflecting high domestic net savings, especially in the corporate sector, and the pick-up in global trade. The output gap is estimated to have closed in 2017 and is expected to remain positive over the medium term as macroeconomic policies remain supportive and adverse demographics limit potential growth.
view the IMF-Kingdom of the Netherlands: Concluding Statement of the 2018 Article IV Consultation
Source: IMF
Goldman Sachs and SocGen Submit Bids for Commerzbank Unit
February 28, 2018--Barclays drops bid for Equity Markets & Commodities business
Commerzbank plans to select a winning offer next month
Goldman Sachs Group Inc. and Societe Generale SA have submitted final bids for the Commerzbank AG unit that houses the lender's exchange-traded fund business, according to people familiar with the situation.
Barclays Plc, which was said to be interested in the Equity Markets & Commodities unit, has dropped out of the process, the people said, asking not to be identified discussing the private deal.
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Source: Bloomberg
Brexit: European Commission publishes draft Article 50 Withdrawal Agreement
February 28, 2018--The European Commission has today published the draft Withdrawal Agreement between the European Union and the United Kingdom.
The draft Withdrawal Agreement translates into legal terms the Joint Report from the negotiators of the European Union and the United Kingdom Government on the progress achieved during phase 1 of the negotiations, published on 8 December 2017, and proposes text for those outstanding withdrawal issues which are mentioned in, but not set out in detail, in the Joint Report. It also integrates the text on the transition period, based on the supplementary negotiating directives adopted by the Council (Article 50) on 29 January 2018.
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Source: European Commission
Ossiam launches new corporate bond ETF on Xetra
February 27, 2018--A new exchange traded fund issued by Ossiam has been tradable on Xetra and Börse Frankfurt since Tuesday. The "Ossiam Solactive Moody's Analytics IG EUR Select Credit-UCITS ETF" enables investors to participate in the performance of euro-denominated fixed-income corporate bonds with an investment grade rating.
The equally weighted components of the reference index are selected using a rule-based procedure and must have a minimum issue volume of €750 million.
Name: Ossiam Solactive Moody's Analytics IG EUR Select Credit-UCITS ETF 1C (EUR)
Asset class: bond index ETF
ISIN: LU1093307442
Ongoing charges p.a.: 0.35 percent
Distribution policy: accumulating
Reference index: Solactive Moody's Analytics IG EUR Select Credit Index
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Source: Deutsche Börse Cash Market
Neuer ETF auf Unternehmensanleihen von Ossiam auf Xetra gestartet
27. Feb 2018--ETF bildet auf Euro lautende Festzins-Unternehmensanleihen mit Investment-Grade- Rating ab
Seit Dienstag ist ein neuer Exchange Traded Fund des Emittenten Ossiam über Xetra und Börse Frankfurt handelbar.
Mit dem ,,Ossiam Solactive Moody's Analytics IG EUR Select Credit-UCITS ETF" erhalten Anleger die Möglichkeit, an der Wertentwicklung von auf Euro lautenden Festzins-Unternehmensanleihen mit Investment-Grade-Rating zu partizipieren. Die gleichgewichteten Bestandteile des Referenzindizes werden dabei nach einem regelbasierten Verfahren ausgewählt und müssen über ein Emissionsvolumen von mindestens 750 Mio. Euro verfügen.
Name: Ossiam Solactive Moody's Analytics IG EUR Select Credit-UCITS ETF 1C (EUR)
Anlageklasse: Rentenindex-ETF
ISIN: LU1093307442
Laufende Kosten p.a.: 0,35 Prozent
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Source: Deutsche Börse Cash Market
Deutsche Borse welcomes J.P. Morgan Asset Management as new ETF issuer
February 27, 2018--Two bond index ETFs and three active ETFs listed on Xetra
Exchange traded funds issued by J.P. Morgan Asset Management have been tradable on Xetra and the Börse Frankfurt venue for the first time since Tuesday. At the start of trading, the product range comprises two bond index ETFs and three active ETFs, which enable investments in selected alternative beta strategies.
"The J.P. Morgan Asset Management ETFs are an interesting addition to our product range, and serve to underscore the attractiveness of Deutsche Börse as a leading listing and trading platform in the European ETF market," said Dr Martin Reck, Cash Market Managing Director at Deutsche Börse.
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Source: Deutsche Börse Cash Market
Thomson Reuters-Monday Morning Memo: European Investors Show Increased Appetite for Risk in January 2018
February 26, 2018--Despite some disruptions in fund distribution coming from the introduction of MiFID II on January 8, 2018, January was the thirteenth consecutive month showing a positive picture for long-term mutual funds.
European fund promoters enjoyed net inflows into equity funds (+€30.2 bn), followed by mixed-asset funds (+€14.0 bn), bond funds (+€10.5 bn), and alternative UCITS funds (+€4.2 bn) as well as real estate funds (+€0.7 bn) and commodity funds (-€0.5 bn).
Meanwhile, "other" funds (-€1.3 bn) faced net outflows.
These fund flows added up to overall net inflows of €58.7 bn into long-term investment funds for January. ETFs contributed €12.5 bn to these inflows.
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Source: Thomson Reuters