Flash consumer confidence indicator for EU and euro area
June 20, 2013--In June 2013, the DG ECFIN flash estimate of the consumer confidence indicator improved markedly in both the euro area (-18.8 after -21.9 in May 2013) and the EU (-17.5 after -20.2 in May 2013).
NOTE: The improvements are partly driven by a significant increase in Italian data. Given a change in the sampling approach as from this month, there might be a break in the Italian series.
May 2013: Economic sentiment picks up in both the euro area and the EU
In May the Economic Sentiment Indicator (ESI) picked up again. The indicator's recovery starting in autumn last year had been interrupted by flat developments in March and deteriorations in April. May brought increases of 0.8 points in the euro area (to 89.4) and 1.1 points in the EU (to 90.8).
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Source: European Commission
European regulators seek to 'future-proof' ETF products
June 20, 2013--The European exchange-traded fund market has faced an onslaught of regulatory guidelines and consultations over the past two years.
The European Commission is now looking to create regulation that can keep pace with the future innovation of the market.
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Source: Financial News
Tobin Tax sui derivati rinviata all'1 settembre
June 19, 2013--Il cosiddetto "decreto del fare" varato sabato dal governo ha rinviato dall'1 luglio all'1 settembre l'entrata in vigore della Tobin Tax sui derivati.
Un lusso che l'erario puo permettersi visto che dai derivati lo Stato conta di raccogliere poco meno dell'1,7% del gettito complessivo, circa 17 milioni di euro a fronte di 1 miliardo previsto.
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Source: Milano Finanza
NYSE Euronext launches CAC 40(R) Ext index.
June 19, 2013--NYSE Euronext (NYX) is extending its range of stockmarket indices with the addition of the CAC 40(R) Ext, which tracks the market's benchmark CAC 40(R), but with extended calculation and distribution hours-from 8.00 am to 6.30 pm CET compared with 9.00 am to 5.30 pm CET for the CAC 40(R).
The CAC 40® Ext index is calculated on the basis of CAC 40® index future traded on the NYSE Liffe exchange, adjusted for dividends and interest payments.
With the CAC 40® Ext index, investors can track trends in the CAC 40® – a reliable reflection of the state of the French economy – outside normal trading hours, and take positions at pre-market and after-hour sessions on NYSE Euronext’s regulated European market. The CAC 40® Ext is also a response to strong demand from the many issuers of structured products that want to use it as an underlying index to expand their range of products for investors.
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Source: NYSE Euronext
ESMA publishes Compliance Table for Guidelines on Market Making
June 19, 2013--The European Securities and Markets Authority (ESMA) has published a Compliance Table in relation to its Guidelines on Exemption for market making activities and primary market operations under the Short Selling Regulation.
The table indicates which national competent authorities have declared that they comply or intend to comply with the Guidelines and which do not comply. ESMA has also published the explanations provided by those national competent authorities who have indicated their non-compliance.
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Source: ESMA
New copper ETC from db ETC Index plc launched on Xetra
June 19, 2013--A new exchange traded commodity issued by db ETC Index plc has been tradable on Xetra since Wednesday.
ETC name: db Copper Booster ETC (EUR)
Asset class: Commodities
ISIN: DE000A1XVBJ3
Total expense ratio: 0.45 percent
Benchmark: DBLCI Optimum Yield Copper Grade A EUR TRAC Index
The new db ETC enables investors to participate in the performance of futures on the industrial metal copper denominated in US dollars, using the Optimum Yield strategy. The Optimum Yield strategy is aimed at minimising the roll losses arising from the exchange of expiring futures contracts in times of contango markets, and maximising roll gains in times of backwardation markets. The db Copper Booster ETC is traded on the stock exchange in euros.
Deutsche Börse's ETC segment product range currently comprises 261 instruments. The monthly trading volume of ETCs on Xetra averages around €700 million.
A
Source: Xetra/FWB
Moscow Exchange to Introduce Five German Single Stock Futures as Part of Deutsche Borse Partnership
June 19, 2013--Moscow Exchange and Eurex Exchange, the derivatives arm of Deutsche Börse, announced today that single stock futures of some well-known German underlyings will be made available for trading on the derivatives market of Moscow Exchange as of September 2013.
The agreement to list five futures contracts-Deutsche Bank, Siemens, BMW, Volkswagen and Daimler-was signed today in Moscow by Alexander Afanasiev, Chief Executive Officer of Moscow Exchange and Andreas Preuss, Deputy CEO of Deutsche Börse and CEO of Eurex.
"This is an important step in our strategic partnership with Deutsche Börse. Our relationship, which began with a letter of cooperation in 2012, is developing and already bringing tangible results to our customers. We are excited to be broadening our derivatives offering, and are confident that futures on these leading German names will provide interesting new trading opportunities to investors", said Alexander Afanasiev, Chief Executive Officer of Moscow Exchange.
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Source: Eurex
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
June 19, 2013--The most recent issue of the European Weekly ETF Market Review is now available.
The report includes key statistics on the European ETF market as well as global ETF market highlights. For more detailed coverage please refer to our monthly report, issued in the first week following the end of each month.
request report
Source: Deutsche Bank -Synthetic Equity & Index Strategy -Europe
Morgan Stanley signs up as new Authorised Participant for Boost ETP
June 18, 2013--BOOST ETP, an award-winning and independent ETP provider, has signed up Morgan Stanley as a new Authorised Participant (AP).
Morgan Stanley is one of the leading ETF Market Makers in Europe.BOOST ETP now has six APs, all of which are world class ETF Market Makers (MMs).
December 2012 saw BOOST list a platform of 3x short and 3x leverage ETPs consisting of 10 ETPs and 10 Exchange Traded Commodities (ETCs) on the London Stock Exchange, the first of its kind in Europe.
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Source: Boost ETP
New World Bank Report Foresees Fragile Recovery for Six Countries in South East Europe
June 18, 2013--June 18, 2013—Signaling the end of the double-dip recession of 2012, the group of six South East European (SEE6) countries[1] is now making a fragile recovery: its combined real GDP is projected to grow 1.7 percent in 2013 after a 0.6 percent decline in 2012, according to the latest World Bank South East Europe Regular Economic Report (SEE RER), presented today in Pristina.
The drivers of recovery are the bounce back of electricity, agriculture, and some exports, partly because of improved weather conditions.
However, the recovery in SEE6 is still tentative. In some countries, non-performing loans, sluggish credit recovery, continued deleveraging, and fiscal consolidation are exerting a drag. Moreover, the recovery in SEE6 is unlikely to accelerate as long as the Eurozone remains in recession.
view the World Bank South East Europe Regular Economic Report No.4-From Double-Dip Recession to Fragile Recovery
Source: World Bank
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