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New ETFs on NYSE Euronext
May 9, 2011--NYSE Euronext is pleased to announce that HSBC has listed 2 new ETFs on NYSE Euronext’s Paris market today:
ETF name:HSBC MSCI WORLD
ETF Trading name: HSBC MSCI WORLD
ETF ISIN:IE00B4X9L533
ETF Symbol: WRD
ETF Reuters RIC: WRD.PA
ETF Bloomberg Ticker:WRD FP
Underlying index:MSCI World
TER:0,35%
ETF name:HSBC Turkey
ETF Trading name:HSBC MSCI TURKEY
ETF ISIN:IE00B5BRQB73
ETF Symbol:HTR
ETF Reuters RIC:HTR.PA
ETF Bloomberg Ticker:HTR FP
HTR.PA
Underlying index:
MSCI Turkey
TER:0,60%
Source: NYSE Euronext
New OMX Stockholm Benchmark Portfolio Selected - The New Portfolio Of The OMX Stockholm Benchmark Index Will Become Effective On June 1, 2011
May 9, 2011-- The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces today the results of the semi-annual review of the OMX Stockholm Benchmark index, (NASDAQ OMX Stockholm: OMXSB), which will become effective with the market open on Wednesday, June 1, 2011.
Addnode AB (ANOD B), Etrion Corporation (ETX), Hexagon AB (HEXA B), Höganäs AB (HOGA B), Medivir AB (MVIR B), Millicom International Cellular (MIC SDB), and Proffice AB (PROE B) will be added to the index.
CDON Group AB (CDON), Cybercom Group AB (CYBE), Enea AB (ENEA), Eniro AB (ENRO), Gunnebo AB (GUNN), Nokia Corporation (NOKI SEK), Svenska Cellulosa AB SCA ser A. (SCA A) and Swedish Orphan Biovitrum AB (SOBI) will be removed from the index
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Source: NASDAQ OMX
Italy: Deeper structural reforms, fiscal consolidation will strengthen Italian recovery
May 9, 2011--The Italian economy is continuing to recover from the very deep recession that it shared with most OECD countries, but more can be done to boost resilience, according to a new OECD report. A combination of well-targeted macroeconomic and structural policies would help achieve sustained growth, as well as contribute to fiscal consolidation, it adds.
The OECD Economic Survey of Italy, presented today in Milan by OECD Secretary-General Angel Gurría and Italian Minister of Economy and Finance Giulio Tremonti, says the strength of the recovery is uncertain.
“Italy’s economy is recovering, and we expect that growth will be somewhat stronger next year,” Mr. Gurría said. “But we should not underestimate the task ahead. Italy must take additional steps to make growth more robust and boost its resilience to future shocks.”
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Source: OECD
Monthly market report - April 2011
May 6, 2011--London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community, offering international business unrivalled access to Europe's capital markets. In April a total of 21.9 million trades were carried out across the Group's electronic equity order books with a combined value of £161.1 billion (€182.4 billion), down 13 per cent on April 2010 (£184.4 billion). The fall in both aggregate and daily volumes may be explained by an unusual holiday pattern in the UK in April 2011.
UK Equities Order Book
During the month, the average daily value traded on the UK order book was £4.4 billion (€5 billion), down 10 per cent year on year; the average daily number of trades increased six per cent to 585,111.
The LSE'S share of trading in the lit UK order book for April was 63.5 per cent.
Italian Equities Order book
On the Italian order book, the average daily number of trades was 271,738, down two per cent on the same month last year, whilst the average daily value traded on the order book decreased 13 per cent year on year to €3.3 billion (£2.9 billion).
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Source: London Stock Exchange
EU eyes compromise deal on short selling ban
May 6, 2011--A compromise deal that would ban naked short selling in Europe of cash government bonds is being looked at in Brussels and will be debated next week.
Under the proposals, the ban would be relaxed if liquidity in government bond markets was seriously affected.
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Source: FT.com
UK official holdings of international reserves, April 2011
May 5, 2011--This monthly press notice shows details of movements in April 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 April 2011:
No intervention operations were undertaken.
Movements in reserves and levels of reserves were as follows:
view report
Source: HM Treasury
RBS crisis report: Knight and Walker to conduct review
May 5, 2011--Lawyer Bill Knight and City grandee Sir David Walker appointed to help scrutinise Financial Services Authority report into what went wrong at bank before it was rescued by government.
A Financial Services Authority report into what went wrong at Royal Bank of Scotland before the £45bn taxpayer bailout is facing further delay after leading lawyer Bill Knight and City grandee Sir David Walker were drafted into help scrutinise the document.
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Source: Guardian.co.uk
FSA welcomes announcement of independent reviewers for RBS report
May 5, 2011--The Financial Services Authority (FSA) has today welcomed the statement from the Treasury Select Committee Chairman Andrew Tyrie which confirms that in agreement with the FSA, the Treasury Select Committee (TSC) has asked Sir David Walker and Bill Knight to conduct an independent review of the report which the FSA is producing into the failure of Royal Bank of Scotland (RBS).
The FSA report will include analysis of the causes of RBS’ failure, a summary of the findings of the FSA investigation into matters relating to RBS’ decisions, risk controls and governance processes and an assessment of the FSA’s regulation and supervision of RBS identifying any deficiencies.
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Source: FSA.gov.uk
EU bids to strip away trade incentives from China, India
May 5, 2011-- European Union trade chiefs are planning to strip away special export advantages granted to China, India, Indonesia and scores of other fast-growing economies, an EU source said Thursday.
In total, more than 80 emerging economic players also including the likes of Morocco would lose from 2014 benefits gained under a special regime when exporting to Europe's single market of half a billion consumers, 20 million companies and major state buyers.
The European Commission is discussing a plan to prune radically "to around 90 countries" its existing list of General System of Preferences (GSP) beneficiaries, which currently numbers 176 territories "not classified by the World Bank as high-income countries and which are not sufficiently diversified in their exports."
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Source: EUbusiness
EPEX Spot / EEX Power Derivatives: Power Trading Results in April
May 5, 2011--In April 2011, a total volume of 113.8 TWh was traded on
the Power Spot and Derivatives Market operated by EPEX Spot SE and EEX Power
Derivatives respectively (April 2010: 166.2 TWh).
In April 2011, power trading on the day-ahead auctions on EPEX Spot accounted for a total of 23,998,906 MWh (April 2010: 21,954,563 MWh) and can be broken down as
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Source: European Energy Exchange (EEX)
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