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


STOXX LTD. Launches Faith-Based Christian Index For The European Region

April 26, 2010--TOXX Limited, a global index provider and creator of the leading European equity indices, today announced the launch of the STOXX Europe Christian Index. The new index measures the performance of companies selected from the STOXX Europe 600 Index according to the values and principles of the Christian religion.
The STOXX Europe Christian Index is designed to act as a proper benchmark for actively managed funds, or to underlie exchange-traded funds and other investable products that enable investors to participate in the performance of European companies which are compliant with Christian moral and social doctrines.

“With the launch of the STOXX Europe Christian Index, STOXX acknowledges the growing number of Christian market participants who wish to invest in accordance with their religious beliefs,” said Hartmut Graf, chief executive officer, STOXX Ltd. “The new index provides a broad representation of European companies who act responsibly on an ethical, environmental, social and economical level; and are therefore in-line with Christian values.”

To ensure the quality of the index and the integrity of the underlying index methodology, an independent committee has been established to define, build and implement the screening criteria. It is made up from members of Christian Brothers Investment Services, Inc. (CBIS), the Vatican, Missionary International Service News Agency (MISNA), as well as members of the academic and investment community.

The index universe for the STOXX Europe Christian Index is defined as all stocks in the STOXX Europe 600 Index. To be included in the index, stocks must pass a set of screens for compliance with Christian values and principles, which are conducted by the Independent Committee led by CBIS. Excluded from the index are companies which do not meet predetermined tolerance levels for certain areas of activity, such as for example pornography, strategic and non-strategic weapons, birth control and gambling.

The STOXX Europe Christian Index is weighted by free-float adjusted market capitalization, and each component's weight is capped at 20% of the index's total free-float market capitalization. It is reviewed semi-annually in June and December. Daily history is available back to December 31, 2004. The STOXX Europe Christian Index is available in price and net return versions, and is calculated in Euro and U.S. Dollar (USD).

Further information on the STOXX Europe Christian Index is available at www.stoxx.com.

Source: STOXX


On April 28th 2010, 7 new ETFs issued by db x-trackers will be listed on the ETFplus market.

April 26, 2010--Borsa Italiana welcomes on the ETFplus market 7 new ETFs issued by db x-trackers, the new offer is composed as follow:
- 4 structured long ETFs on developed markets: db x-trackers LevDAX Daily ETF, db x- trackers FTSE100 Leveraged Daily ETF

db x-trackers S&P 500 2x Leveraged Index Daily ETF, db x- trackers EURO STOXX 50 Leveraged ETF.
- 3 structured short ETFs on developed markets: db x-trackers ShortDAX x2 Daily ETF, db x-trackers S&P 500 2x Inverse Index Daily ETF, db x- trackers EURO STOXX 50 Double Short Daily ETF.

Source: ETF Plus Market-Borsa Italiana


New trading system at derivatives market

April 26, 2010--Wiener Börse announced today that it converted its trading system for the derivatives market from the USbased NASDAQ-OMX’s OM-Click to the Eurex system. The Eurex trading and clearing platform is an extremely stable and reliable infrastructure used around the world, currently by more than 410 Eurex customers in 25 countries on four continents. In converting to the Eurex system, Wiener Börse expects to see increased liquidity on its derivatives market.

The majority of Wiener Börse’s cash market participants already use the Eurex infrastructure to trade derivatives on other marketplaces. In the future, these participants can also use the new Eurex infrastructure to trade on Wiener Börse‘s derivatives market without any significant technical investment. This will make the addition of new trading participants for the derivatives market much easier. The conversion to the Eurex system will also give trading members of the Austrian derivatives market access to a much larger group of potential General Clearing providers.

The system conversion will not result in any changes for private investors on Wiener Börse.

Wiener Börse has been cooperating with Deutsche Börse on the cash market since 1999, when it also began to use the Xetra electronic trading system for its equities market; since December 2009 also for the spot market of the CEGH Gas Exchange. The conversion to the Eurex system on the derivatives market and the associated expansion of the partnership serve to underscore the success of the cooperation.

Source: Eurex


FSA consults on use of certain new powers granted by the Financial Services Act 2010

April 26, 2010--The consultation paper includes proposed Handbook changes in relation to the following areas:
•To redraft the provisions requiring disclosure of short-selling positions and place them in a new part of the Handbook covering financial stability and market confidence;

•The imposition of financial penalties or censure on those who breach short-selling rules;
•The power to suspend firms or individuals by stopping them undertaking some or all of the activities which they are permitted to carry on for a period of time, and to use this new power in conjunction with other enforcement tools;
•The power to impose financial penalties on individuals who have carried out controlled functions without the necessary approval from the FSA;
•The ability to gather information in relation to financial stability from both authorised and unauthorised persons to help identify potential threats to the UK financial market;

read more

read Implementing aspects of the Financial Services Act 2010 paper

Source: FSA.gov.uk


CB raises reserve requirement for foreign currency

April 26, 2010--The Turkish Central Bank has increased the reserve requirement for foreign currency deposits from 9 to 9.5 percent, in a statement published in Monday’s Official Gazette and effective as of April 30.

The bank did not change the reserve requirement for Turkish currency, which remains at 5 percent. The Central Bank had announced on April 14 in its blueprint strategy to ease its crisis measures that it would gradually increase the reserve requirement for foreign currency deposits.

read more

Source: Todays Zaman


Response to the EU’s proposal for changed capital adequacy rules

April 26, 2010--The recent financial crisis has revealed a number of weaknesses in the existing capital adequacy rules. It is therefore important to impose stricter capital adequacy requirements for the banks, stress FI, the Swedish Ministry of Finance and the Riksbank (Sweden’s central bank) in a joint response to the EU Commission's Capital Requirements Directive, CRD.

The Swedish authorities would also like the new capital adequacy rules within the EU to be secured in harmony with the framework agreed upon by the Basel Committee on Banking Supervision.

read more

Source: Finansinspektionen


Bank of Ireland seeks to raise €3.4bn

April 26, 2010--Bank of Ireland is to raise up to €3.4bn to meet new regulatory standards and restore capital buffers that have been hurt by property loan losses in the wake of the housing crash.

The bank will raise the funds by a combination of a placing, a rights issue and a debt-for-equity exchange.

The move is part of an industry wide recapitalisation in line with stricter capital adequacy requirements set by regulator Matthew Elderfield last month.

read more

Source: FT.com


Gross domestic product-preliminary estimate-1st Quarter 2010

April 23, 2010--The chained volume measure of gross domestic product (GDP) increased 0.2 per cent in the first quarter of 2010.
The increase in output was due mainly to increases in business services and finance and manufacturing.

Output of the service industries increased 0.2 per cent.
Output in the production industries increased 0.7 per cent.
GDP decreased 0.3 per cent in 2010 Q1 compared with 2009 Q1.

Contributions to Growth
Business services and finance was the largest contributor to the positive growth this quarter. Total production, transport, storage and communication and government and other services also contributed to the increase. This was partially offset by a decrease from distribution, hotels and restaurants and construction.

read report

Source: Office for National Statistics


Greece crisis takes toll on euro

April 23, 2010--The euro tumbled to a one-year low against the dollar and a three-month trough against the pound this week as concerns over Greece’s finances intensified.

Those fears were ignited on Thursday after the European Commission revised Greece’s budget deficit higher to 13.6 per cent of gross domestic product. This was almost a full percentage point higher than the Greek government’s projection of 12.7 per cent.

read more

Source: FT.com


ECB moves to restore confidence in securitisation

April 23, 2010--Managers of asset-backed securities held by the European Central Bank will have to provide far more data on the loans backing the bonds under a new system designed to restore confidence in the market.

Investor appetite for ABS withered during the financial crisis when fears that all mortgage-backed bonds might be infected by poor-performing US subprime loans paralysed the market, sending prices plunging. As a result of its collateral-backed loans to banks during the crisis, the ECB is now by far the single biggest holder of European ABS.

Securitisation, which essentially frees up lenders’ balance sheets for new loans by repackaging existing consumer loans from mortgages to credit card debt into new bonds, is considered crucial to economic recovery by boosting the supply of credit to the real economy.

read more

Source: FT.com


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

Americas


June 30, 2025 Allspring Exchange-Traded Funds Trust files with the SEC
June 30, 2025 Northern Lights Fund Trust files with the SEC-Toews Agility Shares Hedged Equal Weight ETF and Toews Agility Shares Hedged-Qs ETF
June 30, 2025 Lazard Active ETF Trust files with the SEC-Lazard US Systematic Small Cap Equity ETF
June 30, 2025 WisdomTree Trust files with the SEC-WisdomTree Japan Opportunities Fund
June 30, 2025 J.P. Morgan Exchange-Traded Fund Trust files with the SEC-JPMorgan 100% U.S. Treasury Securities Money Market 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