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UK Official holdings of international reserves: August 2014
August 3, 2014--This monthly press notice shows details of movements in August in the UK's official holdings of international reserves, which consist of gold, foreign currency assets and International Monetary Fund assets.
These reserves are maintained primarily so that the UK government's reserves could be used to intervene to support sterling, or the Bank of England’s reserves could be used to support the Bank’s monetary policy objectives. If such interventions were to occur, then they would be shown and explained in this release.
The Background Note at the end of this release explains more about the reserves, and about these statistics.
In summary, this month’s release shows that in August 2014:
No intervention operations were undertaken.
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Source: HM Treasury
Boerse Stuttgart generates turnover of around EUR 6.4 billion in August
September 2, 2014--Boerse Stuttgart generates turnover of around EUR 6.4 billion in August
Increases in leverage products, investment funds and exchange-traded products
According to its order book statistics, Boerse Stuttgart recorded turnover of around EUR 6.4 billion in August. The trading volume was slightly lower than in July.
Trading in securitised derivatives accounted for the largest share of the aggregate turnover. The total turnover in this asset class was just under EUR 3 billion. Turnover in leverage products was around EUR 1.6 billion in August, about 5 percent higher than in July and more than 27 percent higher than in the same month in 2013. Investment products accounted for almost EUR 1.4 billion of the total turnover in August.
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Source: Boerse Stuttgart
Four new Source ETFs launched in the XTF segment on Xetra
ETFs offer access to strategies of GLG Partners and MLP energy companies
September 1, 2014--Two new active ETFs and two new equity index ETFs issued by Source have been tradable in the XTF segment on Xetra since Monday.
ETF name: Source Man GLG Asia Plus ETF
Asset class: active ETF-equities
ISIN: DE000A119M18
Total expense ratio: 0.95 percent
Distribution policy: non-distributing
ETF name: Source Man GLG Continental Europe Plus ETF
Asset class: active ETF-equities
ISIN: DE000A119PG3
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Source: Deutsche Börse
August 2014: Economic Sentiment falls in the euro area and the EU
August 28, 2014--In August the Economic Sentiment Indicator (ESI) fell in the euro area (by 1.5 points to 100.6)1 and the EU (by 1.2 points at 104.6).
Economic sentiment indicator (s.a.)
August EU: 104.6-Euro Area: 100.6
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Source:Europa
ECB-Monetary Developments in the Euro Area-July 2014
August 28, 2014--The annual growth rate of the broad monetary aggregate M3 increased to 1.8% in July 2014, from
1.6% in June 2014.1
The three-month average of the annual growth rates of M3 in the period from
May 2014 to July 2014 increased to 1.5%, from 1.2% in the period from April 2014 to June 2014.
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Source: ECB
Eurozone economy holds onto timid recovery
August 25, 2014--A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year.
The latest data pushed down eurozone government borrowing costs, with traders more confident that the European Central Bank will take extra measures to inject cash into the single-currency zone.
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Source: EUbusiness
ESMA Review of the CESR guidelines on a Common Definition of European Money Market Funds
August 22, 2014--Summary
The European Securities and Markets Authority (ESMA) published today its opinion on how national competent authorities should apply the modifications to the CESR guidelines on money market funds set out in the
report on Mechanistic Reference to Credit Ratings in the ESA's Guidelines and Recommendations (JC 2014 004) issued by the Joint Committee of the three ESAs, when monitoring the application of the CESR guidelines by the relevant financial market participants.
view the Review of the CESR guidelines on a Common Definition of European Money Market Funds
Source: ESMA
August 2014: Flash Consumer Confidence Indicator
August 21, 2014--In August 2014, the DG ECFIN flash estimate of the consumer confidence indicator decreased in both the EU (by 0.9 points to-6.4) and the euro area (by 1.6 points to
-10.0) compared to July.
Computation of Flash CCI
To compute the flash consumer confidence indicator for the EU and euro area, DG ECFIN uses the data available on the cut-off date. The estimation procedure combines historical data with information from those Member States for which data are available in the reference month.
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Source: Europa
Forecasts for the UK economy: August 2014
August 20, 2014--Forecasts for the UK economy is a monthly comparison of independent forecasts. This edition contains forecasts to 2018.
view the Forecasts for the UK economy: August 2014
Source: HM Treasury
Deutsche Borse launches US Dollar hedged version of HDAX
August 19, 2014--Deutsche Börse today launched the HDAX Hedged USD Index, which measures the performance of the underlying HDAX while eliminating foreign currency fluctuations. The HDAX Index measures all 110 stocks listed in the DAX, MDAX and TecDAX indices, representing more than 95 percent of Germany's free-float market capitalization.
The HDAX Hedged USD Index can be used as an underlying for financial products or as a benchmark for active portfolios. The HDAX Hedged USD Index combines the performance of the underlying index with a hypothetical, rolling investment into one-month foreign exchange forward contracts. By selling foreign exchange forward contracts, market participants are able to lock in current exchange forward rates and manage their currency risk. Profits and losses from the forward contracts are offset by losses and profits in the value of the currency.
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Source: Deutsche Börse
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