Covestro AG and Ströer SE to be included in MDAX
Deutsche Börse reviews index composition/Changes to be effective as of 21 December
December 3, 2015--On Thursday, Deutsche Börse decided on changes to its selection indices, which will become effective on 21 December 2015.
The shares of Covestro AG and Ströer SE will be included to the MDAX index and will replace the shares of MAN SE and Kabel Deutschland Holding AG. The shares of MAN and Kabel Deutschland no longer fulfill the criteria to remain in the equity indices of Deutsche Börse AG, as both companies will be leaving the Prime Standard listing segment.
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Source: Deutsche Börse
Two new SPDR bond index ETFs launched on Xetra
ETFs provide access to U.S. corporate bonds and inflation-linked U.S. government bonds
December 3, 2015--Two new exchange-listed bond index funds issued by State Street Global Advisors have been tradable on Xetra and Börse Frankfurt since Thursday, 3 December.
Name: SPDR Barclays 10+ Year U.S. Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BZ0G8860
Ongoing charges: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays U.S. Long Corporate Index
The new SPDR Barclays 10+ Year U.S. Corporate Bond UCITS ETF gives investors access to investment grade fixed-income bonds issued by U.S. companies, denominated in U.S. dollars and with a residual maturity of more than ten years.
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Source: Deutsche Börse Cash Market
Boerse Stuttgart generates turnover of roughly EUR 6.8 billion in November
December 2, 2015--Increase in turnover in equities, securitised derivatives, debt instruments (bonds) and investment funds
According to its order book statistics, Boerse Stuttgart generated turnover of around EUR 6.8 billion in November 2015.
In a dynamic market environment, the trading volume rose by more than 5 percent in comparison with October and by around 6 percent compared with November 2014.
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Source: Boerse Stuttgart
Weak eurozone inflation sets stage for ECB stimulus
December 2, 2015--Eurozone inflation came in lower than expected in November,
official data showed on Wednesday, giving further encouragement to the European Central Bank to pump up its stimulus to boost the economy.
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Source EUbusiness
Banks must start clearing interest rate swaps in EU from June
December 2, 2015--Banks must clear derivative trades known as off-interest rate swaps in the European Union from June next year, marking the first so-called "clearing obligation" to come into force in the EU.
The clearing process aims to increase transparency in interest rate swaps, which account for the largest part of the world's $552 trillion derivatives market.
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Source: Reuters
AFME calls for better functioning equity markets in Europe
December 2, 2015--AFME today issues a report highlighting the need for Europe to make greater use of its equity markets.
"Why equity markets matter" finds that European equity markets remain under-developed, weakening the region's economic potential, and urges policymakers to remove unintended liquidity restrictions in current regulatory proposals to foster a European equity culture.
view the Why equity markets matter-The heart of Europe's economy Five new iShares ETFs launched on Xetra view more European Investor Research 2015 report view the European Investor Research 2015-The Emergence of a New Era in Index Investing Financial Stability Paper No. 35: Measuring the macroeconomic costs and benefits of higher UK bank capital requirements view more Turnover at Deutsche Borse's cash markets at 116.5 billion euros in November view more
Source: AFME
ETFs offer access to individual sectors of "S&P's Sector" index family
December 2, 2015--Five new iShares ETFs from BlackRock have been tradable via Xetra and Börse Frankfurt since Wednesday, 2 December 2015.
The new iShares ETFs track the performance of US companies in the "S&P 500 Sector" index family and give investors access to the consumer discretionary, energy, financials, healthcare, and IT sectors.
Source: Deutsche Börse Cash Market
December 1, 2015--Invesco PowerShares' annual investor research report 2015:
"The Emergence of a New Era in Index Investing", conducted by independent company CoreData amongst users and non-users of Smart Beta, looks specifically at the drivers, challenges and implementation of Smart Beta and the potential for future adoption.
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Source: Invesco PowerShares
Martin Brooke, Oliver Bush, Robert Edwards, Jas Ellis, Bill Francis, Rashmi Harimohan, Katharine Neiss and Caspar Siegert
December 1, 2015--The baseline bank capital requirements in the United Kingdom are being set to comply with agreed international standards established in Basel III (as implemented in Europe through CRD IV).
The minimum Tier 1 requirement to be met at all times is 6% of risk-weighted assets, comprised of at least 4.5% Common Equity Tier 1 and at most 1.5% Additional Tier 1 capital. Internationally-agreed buffers, on top of this minimum, can be used to absorb losses under stress.
Source: Bank of England
December 1, 2015--Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €116.5 billion in November (November 2014: €103.9 billion).
Of the €116.5 billion, €106.7 billion were attributable to Xetra (November 2014: €96.1 billion). The average daily turnover on Xetra stood at €5.1 billion in November (November 2014: €4.8 billion). A turnover of €4.1 billion was attributable to Börse Frankfurt (November 2014: €3.9 billion). Order book turnover on Tradegate Exchange* totalled approximately €5.8 billion in November (November 2014: €3.9 billion).
Source: Deutsche Börse Cash Market