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Xetra-Gold holdings rise by more than 50 per cent since the beginning of the year
August 15, 2016--90 ton mark exceeded
The gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 90.67 tons, an increase of more than 50 per cent since the beginning of the year.
For each Xetra-Gold bond, exactly one gram of gold is deposited in the central vaults for German securities in Frankfurt.
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Source: Deutsche Börse Commodities GmbH
Monday Morning Memo: Review of the European ETF Market, July 2016
August 15, 2016--The promoters of exchange-traded funds (ETFs) enjoyed healthy net inflows for July in a prospering market environment. Increasing markets lifted the assets under management in the European ETF industry from €452.8 bn for June to a new all-time high of €473.6 bn at the end of July.
The increase of €20.8 bn for July was mainly driven by the performance of the underlying markets (+€12.8 bn), while net sales contributed €8.0 bn to the overall growth in assets under management in the ETF segment.
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Source: Thomson Reuters Lipper
Brexit May Be Delayed Until Late 2019, Sunday Times Says
August 14, 2016--New ministry for Brexit still hiring staff, Sunday Times Says
Tension rising beween Fox, Johnson over policy, Telegraph Says
Britain's exit from the European Union could be delayed until late 2019 as new departments set up for the transition may not be ready to start negotiations as early as predicted, the Sunday Times reported.
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Source: Bloomberg
Euribor's 'critical' tag opens way for more contested EU benchmark rulings
August 12, 2016--The Euro Interbank Offered Rate's designation as "critical" today is a quick and expected move to fill a gap in oversight of the key interest-rate benchmark.
But the formal step also opens the way for what may become a contentious process to tag other financial indexes for stricter rules this year.
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Source: mlexfs-core.com
Voice brokers make a City comeback
August 11, 2016--So much for the long-predicted demise of voice brokers at the hands of ever more sophisticated technology.
In recent months, interdealer brokers BGC Partners and Tullett Prebon have been scooping up hundreds of brokers...
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Source: FT.com
Russian Economy Shrinks Less Than Forecast as Crisis Peters Out
August 11, 2016--GDP dropped 0.6% last quarter, the least since recession began
Hurdles for recovery include cheaper oil, weak consumer demand
Russia's economy shrank the least since a contraction began at the start of last year, putting it on the cusp of exiting the longest recession in two decades.
Gross domestic product lost 0.6 percent in the second quarter from a year earlier after a decline of 1.2 percent in the previous three months, the Federal Statistics Service said on Thursday, citing preliminary data.
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Source: Bloomberg
Deutsche Boerse says shareholder acceptances for LSE merger above 75 percent
August 10, 2016--Deutsche Boerse (DB1Gn.DE) said on Wednesday that more than 75 percent of its shares have been tendered for its agreed $29 billion (£22.21 billion) merger with the London Stock Exchange Group (LSE.L).
Deutsche Boerse Chief Financial Officer Gregor Pottmeyer said passing the 75 percent mark was a strong vote of confidence in the deal.
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Source: Reuters
Russia Consumer Sentiment Ticks Up in July
Business Conditions For Big Ticket Purchases Fuel Sentiment
August 10, 2016-Consumer sentiment in Russia improved further in July, moving back to levels seen before the series low recorded in May.
The MNI Russia Consumer Sentiment Indicator increased 5.4% to 71.3 in July from 67.6 in June. Sentiment is now 0.7% higher than the same month
a year ago and up 3% since the start of the year.
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Source: MNI Indicators
Bats Europe to Launch New European Equities Large in Scale Negotiation Facility Called Bats LIS
August 9, 2016--Bats LIS to be Powered by BIDS Trading Software, A Proven and Experienced Leader in Block Trading in the U.S.
Bats Europe, the region's largest stock exchange operator, and BIDS Trading LP (BIDS), the largest block trading ATS by volume in the U.S., announced today that Bats Europe has agreed to license BIDS technology to launch Bats LIS, a new block trading service for the European equity market.
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Source: Bats Global Markets, Inc.
DB-Synthetic Equity & Index Strategy-European Monthly-ETF Market Review-EM Equity and Debt ETFs Benefit in
August 9, 2016--Data in this report is as of 29th July 2016
European ETP Monthly Highlights (Assets & Flows)
Assets: European ETPs assets increased by €21bn and stood at $559bn (€500bn) at the end of Jul'16, up by 4.4% (MoM in € terms).
Flows: European domiciled ETPs registered strong inflows of +€9.6bn across all major asset classes (equity, fixed income and commodity). Fixed Income ETFs lead with inflows of +€4.9bn followed by Commodity ETPs (+€€2.5bn) and Equity ETFs (+€2.1bn).
New Product Launches-5 new products
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Source: Deutsche Bank Markets Research-Europe-Synthetic Equity & Index Strategy