S&P Dow Jones Indices' Market Attributes-Index Dashboard-Europe
December 31, 2013--This month's highlights include:
The Europe 350 ended the month slightly up, recording a full year gain of 21%. In such conditions it is surprising to see the defensively-minded Europe 350 Low Volatility Index outperform the parent index; in the final analysis, high-dividend and low-vol strategies have performed admirably well this year.
It has been a good year, and a good month, for information technology, consumer discretionary and telecommunication services. Gold's annus horribilis ended with a 4% loss for December, while a positive monthly performance for broad commodities did little to change the story of the year. Materials, the year’s laggard sector, ended 2013 with a small gain
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Source: S&P Dow Jones Indices LLC
Eurozone set for volatile 2014 as it tackles banks
December 29, 2013--The eurozone is finally set to return to growth in 2014 but the single currency bloc may not have put its crisis behind it as efforts to shore up its banks could boomerang.
After beating back market panic that the eurozone was set to break up, eurozone nations moved in 2012 and 2013 to put their finances on a stable footing and strengthen the banking sector.
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Source: EUbusiness
Markets, lira in freefall as probe draws closer to PM
December 27, 2013--Turkish markets saw the bottom-line at their weakest in 17 months and the currency fell to fresh lows against the US dollar and the euro as an ongoing corruption probe moves closer to Prime Minister Recep Tayyip Erdogan.
The growing political tension saw Turkish stocks slump the most in emerging markets on Friday; the Bourse İstanbul (BIST) fell 4.18 percent to 61,865, its lowest since July 2012. The lira weakened to 2.17 against the dollar and 3.001 against the euro on Friday. The currency recovered a little later in the day.
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Source: Todays Zaman
Optiver appoints new CEO
December 27, 2013--Dutch high-frequency trading specialist promotes Australian chief to global role.
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Source: Financial News
MICEX Stock Exchange Listing Rules to come into effect
December 27, 2013-_The Listing Rules of MICEX Stock Exchange (part of the Moscow Exchange Group) are to come into effect on 6 January.
The rules were approved by the Board of Directors of the Exchange on 27 September and by the Bank of Russia Financial Market Service on 20 December this year as a part of the process of receiving a new license by the exchange.
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Source: Moscow Stock Exchange
Britain to become Europe's biggest economy by 2030: report
December 27, 2013--Britain will surpass France and Germany to become Europe's biggest economy by 2030, according to a study released on Thursday.
British research group the Centre for Economics and Business Research (CEBR) predicts that Britain's output will outstrip France's by 2018 before displacing Germany by around 2030.
But it will be overtaken by India and Brazil over the same time period, said the study.
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Source: EUbusiness
Netherlands enacts ban on inducements
December 26, 2013--Active and passive asset managers in the Netherlands have squared up to each other after the Dutch government decided to scrap kickbacks to distributors.
This week, the Dutch parliament agreed to a complete ban on inducements under an amendment to the country's Market Conduct Supervision Decree. The ban comes into effect on January 1.
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Source: FT.com
S&P downgrades EU debt, Commission hits back
December 22, 2013--The Standard and Poor's ratings agency downgraded the European Union's credit-worthiness by one notch on Friday, blaming threats to cohesion including Britain's role in curtailing budgets and holding a membership referendum.
But Brussels angrily slapped down the agency's decision to slash its long-term debt rating from "AAA" to "AA+", saying the grounds cited were "questionable', S&P made the announcement just as the EU leaders were holding a summit marking a big political step forward with an agreement on a banking union intended eventually to ring-fence failing banks from bringing down an entire economy as happened in Ireland.
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Source: EUbusiness
Probes See U.K. Market Manipulation Reports Rise 43%
December 22, 2013--Reports of suspected market manipulation soared by 43 percent this year as the U.K. financial regulator investigated the rigging of multiple benchmark rates.
The Financial Conduct Authority received 117 reports of suspected "distortion and manipulation" of markets in the 12 months to August, compared with 82 in 2012, according to Bovill Ltd, a financial services consultant in London.
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Source: Bloomberg
ESMA has published a Consultation paper on Revision of the provisions on diversification of collateral in ESMA's guidelines on ETFs and other UCITS issues
December 20, 2013--ESMA has published the Consultation paper on Revision of the provisions on diversification of collateral in ESMA's guidelines on ETFs and other UCITS issues.
view the Consultation paper on Revision of the provisions on diversification of collateral in ESMA's guidelines on ETFs and other UCITS issues
Source: ESMA
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