Europe ETP News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results


Euro stabilises after slide on contagion fear

May 15, 2011--The euro hit a four-month low against the dollar and a record trough against the Swiss franc this week as Italy and Spain were increasingly sucked into the eurozone’s debt crisis.

The single currency suffered on fears that the debt problems of relatively small countries on the periphery of the region were spreading to larger economies.

read more

Source: FT.com


IMF assesses financial stability in Sweden

July 14, 2011--At the invitation of the Ministry of Finance and the Riksbank, the International Monetary Fund (IMF) will visit Sweden to make a structured examination of the financial sector, what is known as an FSAP (Financial Sector Assessment Program).

This assessment will entail the IMF analysing the financial sector, the public authorities, legislation and financial supervision in Sweden. The IMF will also include in its report any shortcomings and risks that are detected and propose measures for dealing with them.

The IMF has carried out FSAPs in almost all member countries since 1999 and they have also made a second assessment for a number of countries. Sweden had its first FSAP during 2001/2002.

read more

Source: Finansinspektionen


European groups fear OTC derivatives plan

July 14, 2011--Europe’s largest industrial companies have expressed alarm at a proposal by the European Commission

that they say would impose punitive capital charges on banks providing over-the-counter derivatives to companies, stifling legitimate hedging.

read more

Source: FT.com


France loses out in ‘flight to quality’

July 14, 2011--Could France be losing its haven status in Europe’s sovereign debt markets? This week the difference between French and German borrowing costs rose to its highest since 1997, raising concerns over whether France could become the next victim of the current crisis of confidence in European debt markets.

The so-called spread to German Bunds hit 77 basis points on Wednesday, marking a sharp break with the past close correlation between continental Europe’s two biggest economies of 30-40 basis points.

read more

Source: FT.com


Euro area annual inflation stable at 2.7%

EU down to 3.1%
July 14, 2011--Euro area1 annual inflation was 2.7% in June 20112, unchanged compared to May. A year earlier the rate was 1.5%. Monthly inflation was 0.0% in June 2011.
EU3 annual inflation was 3.1% in June 2011, down from 3.2% in May. A year earlier the rate was 1.9%. Monthly inflation was -0.1% in June 2011.

These figures come from Eurostat, the statistical office of the European Union.

Inflation in the EU Member States In June 2011, the lowest annual rates were observed in Sweden (1.5%), Slovenia (1.6%) and the Czech Republic (1.9%), and the highest in Romania (8.0%), Estonia (4.9%) and Lithuania (4.8%). Compared with May 2011, annual inflation fell in fourteen Member States, remained stable in six and rose in six.

The lowest 12-month averages4 up to June 2011 were registered in Sweden (1.5%), the Czech Republic and the Netherlands (both 1.8%), and the highest in Romania (7.8%), Estonia (4.7%) and Greece (4.6%).

read more

Source: AME Info


BlackRock ETF Landscape: STOXX Europe 600 Sector ETF Net Flows -Week Ending 08-Jul-2011

July 13, 2011--For the week ending 08 July 2011, there were US$85.7 Mn net inflows to STOXX Europe 600 sector ETFs. The largest sector ETF net inflows last week were in basic resources with US$74.7 Mn followed by food and beverage with US$40.1 Mn net inflows while banks experienced net outflows of US$42.7 Mn.

Year to date, STOXX Europe 600 sector ETFs have seen US$87.5 Mn net outflows. Insurance has seen the largest net outflows with US$191.5 Mn, followed by utilities with US$181.4 Mn net outflows, while banks experienced the largest net inflows with US$260.8 Mn.

As of 08 July 2011, there is US$9.9 Bn AUM invested in the STOXX sector ETFs which is greater than the US$5.9 Bn open interest in the sector futures. The ETF AUM is greater than the open interest in the corresponding futures contract in 17 out of 19 sectors.

to request report

Source: Global ETF Research & Implementation Strategy Team, BlackRock


Sweden: Financial Sector Stability Assessment

July 13, 2011--EXECUTIVE SUMMARY, KEY FINDINGS, AND RECOMMENDATIONS
The Swedish economy has rebounded strongly. The impact of the financial crisis on Sweden’s economy and financial sector was substantial, resulting in a sharp output contraction, currency depreciation, and major banks faced liquidity strains, which, coupled with concerns about asset quality in banks’ operations in the Baltics, have lead to sharp decline in banks’ share prices.

The authorities’ response was forceful, introducing a wide range of extraordinary measures that helped to contain the impact of the crisis, and restore market stability and confidence. Economic indicators improved markedly in 2010, and banks’ capital position and profitability strengthened, allowing the exit from crisis-response measures to begin in April 2010.

Financial stability analysis indicates that banks are resilient to credit risk, but could face difficulties with respect to liquidity risks. The stress testing results show that banks should be able to maintain adequate capital in the face of severe credit risk shocks, owing to high profits and capital buffers, and relatively high-quality loan portfolios. Liquidity stress tests suggest vulnerabilities due to the banks heavy reliance on short-term wholesale funding. The authorities’ intention to accelerate the implementation pace of Basel III capital requirement, impose higher than minimum capital requirements on the largest and systemically important banks, and tighten liquidity regulations are welcome steps, given the nature of banks’ exposures and prevailing risks.

view the Sweden: Financial Sector Stability Assessment

Source: IMF


Italy: Selected Issues

July 13, 2011--I. STRUCTURAL REFORMS AND GROWTH: WHAT WORKS?1
Based on the economic literature and international experience, this annex identifies the policy measures and institutions in product and labor markets that boost growth and employment. Evidence points to substantial long-term growth gains for structural reforms in Italy. Advancing structural reforms in key bottleneck areas can lift productivity, and substantially enhance growth potential.

Measures could focus on pursuing further product market liberalization, reducing the labor tax burden- matched by expenditure cuts, promoting decentralized wage bargaining, and addressing labor market dualism. Labor and product market reforms are complementary.

A. Diagnosis

1. In the last decade, Italy has suffered from low economic growth, weak productivity, and declining competitiveness. Total factor productivity (TFP) has been sharply declining over the last decade, which has resulted in persistently rising unit labor costs, stagnating incomes, a widening competitiveness gap, and anemic growth.

view the Italy: Selected Issues report

Source: IMF


Derivatives Rules to Help Swaps Market Grow $40.7 Trillion, Citigroup Says

July 13, 2011--The market for interest-rate and credit-default swaps will grow more than 10 percent to $435 trillion by 2013 as oversight of over-the-counter derivatives improves price transparency and cuts trading risk, according to Citigroup Inc. (C)

Banks, hedge funds and other investors are bracing for sweeping changes to the private derivatives market, including increased capital requirements and most trades being processed by clearinghouses, which require margin payments. The Dodd-Frank Act, passed in the U.S. last year, and rules being created now by the European Parliament will regulate swaps for the first time in their 30-year history.

Source: Bloomberg


EDHEC-Risk Institute Warns the European Commission of the Inadvisability of Imposing a Tobin Tax

July 13, 2011--In an open letter dated July 12, 2011 addressed to the European Internal Market and Services Commissioner, Michel Barnier, EDHEC-Risk Institute has warned of the inadvisability of imposing a “Tobin tax” on financial transactions in order to fund the future European budget.

On the basis of a position paper* by Raman Uppal, Professor of Finance at EDHEC Business School, EDHEC-Risk Institute’s recommendations are structured around the theoretical evidence on transaction taxes, the empirical evidence on transaction taxes, and implementation challenges:

The findings of theoretical models are mixed about the effectiveness of the Tobin tax to reduce volatility and improve welfare. The Tobin tax will obviously lead to a reduction in the trading of securities on which the tax is imposed. But, a reduction in the trading of financial securities also means that it is now more difficult to smooth consumption over time and across states of nature. The Tobin tax reduces speculative activity in financial markets; but, this tax also drives away investors who provide liquidity, stabilise prices, and help in the price discovery process. Thus, introducing a Tobin tax has both advantages and disadvantages, and the net effect on volatility is likely to be small.

read more

view EDHEC-Risk Institute Letter to European Internal Market and Services Commissioner, July 12, 2011

view the EDHEC-Risk Institute Position Paper A Short Note on the Tobin Tax: The Costs and Benefits of a Tax on Financial Transactions

Source: EDHEC


If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.

Americas


July 02, 2025 Northern Lights Fund Trust II files with the SEC-PeakShares Sector Rotation ETF
July 02, 2025 Northern Lights Fund Trust II files with the SEC-Beacon Tactical Risk ETF and Beacon Selective Risk ETF
July 02, 2025 RBB Fund Trust files with the SEC-MUFG Japan Small Cap Active ETF
July 02, 2025 Columbia ETF Trust I files with the SEC-5 ETFs
July 02, 2025 Stone Ridge Trust files with the SEC-LifeX 2028 Income Bucket ETF and LifeX 2030 Income Bucket ETF

read more news


Asia ETF News


June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update
June 13, 2025 US trading firm Virtu weighs foray into China market-making business

read more news


Global ETP News


June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions
June 03, 2025 Trade Reckoning

read more news


Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

read more news


Africa ETF News


June 24, 2025 East Africa's regional 20 share index
June 16, 2025 African Credit Rating Agency to Launch September 2025
May 27, 2025 African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwinds

read more news


ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

read more news


White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

view more white papers