Oil price rises in 2019 to be modest as U.S. production constraints ease: World Bank
October 29, 2018--Trade tensions, ample supply in non-energy commodity markets have weighed on prices
Growing global trade tensions are weighing on non-energy commodity prices and are leading to downward revisions to 2019 price forecasts, the World Bank said.
Oil prices are forecast to average $74 a barrel over 2019, only marginally up from a projected average of $72 a barrel in 2018, while metals prices are expected to remain broadly stable in 2019, the World Bank said in its October Commodity Markets Outlook.
24 Fun Bitcoin Facts And Figures (That Will Make Your Head Spin)
October 24, 2018--A new cryptocurrency was born on 31st of October 2008, its name was "Bitcoin" and it has been surrounded by mystery, conspiracy theories, and confusion (not to mention a couple of disasters) ever since.
Here are 24 of the more unbelievable and interesting figures and fun facts about Bitcoin and closely related topics.
Infographic courtesy of ICOWatchlist.com
First Bridge Data-ETF Global Snapshot-October 2018
October 23, 2018-In our latest monthly report:
Global ETF assets grew by 1.07% in September 2018 to $5.31T.
JP Morgan and Goldman Sachs, two banks that have been peripheral players as ETF
sponsors, have significantly accelerated their ETF asset gathering this year.
An institutional investor survey by trading firm Jane Street found increased
confidence in the liquidity of ETFs compared to three years ago.
There were 26 new ETF listings in the US in September 2018, with a majority of the
ETFs providing targeted exposure to factors like high quality, growth and value.
There were 108 new ETF listings outside the US in September 2018 including crosslistings.
38% of these listings were "smart beta" ETFs and 17% were active (nonindexed).
LIBOR rate replication, crude oil futures and US small cap healthcare were among
the best performing ETF categories this year through October 19, 2018. Indian small
cap, Turkish and Chinese small cap 'A' shares.
Bassanese Bites-Uneasy calm
October 22, 2018--Week in Review
An "uneasy calm" is perhaps the best way to characterise global markets last week-with little in the way of major events and investors only left with their nerves to deal with. The release of the latest Fed minutes only affirmed its intent to keep raising rates-which supported the $US- while tensions between Italy and the EU also added to investor caution.
While oil prices eased due to a strong US inventory build, new doubts also emerged over whether Saudi Arabia is willing (and able) to boost supply in coming months to make up for the sanction-induced looming reduction in Iranian exports.
Although early days, America's earnings reporting season also remained encouraging-according to FactSet, of the 20% of S&P 500 companies that have so far reported, 80% have beaten expectations. Given investor nervousness, however, these results were dulled by growing talk of a possible post-tax cut slowdown in US earnings growth in 2019.
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Vanguard hires head of new global ETF research center
October 22, 2018--Marco Corsi was named head of Vanguard Group's global exchange-traded funds research center, a spokesman said.
The position is new. Mr. Corsi develops ETF-related research, perspectives and content that will inform and educate institutional investors, retail intermediaries and self-directed investors.
Raw materials use to double by 2060 with severe environmental consequences
October 22, 2018--The world's consumption of raw materials is set to nearly double by 2060 as the global economy expands and living standards rise, placing twice the pressure on the environment that we are seeing today, according to a new OECD report.
A preview of The Global Material Resources Outlook to 2060 released today sees global materials use rising to 167 Gigatonnes in 2060 from 90 Gigatonnes today as the world population soars to 10 billion people and average global income per capita rises to converge with the current OECD level of USD 40,000.
Without concrete actions to address these challenges, the projected increase in the extraction and processing of raw materials such as biomass, fossil fuels, metals and non-metallic minerals is likely to worsen pollution of air, water and soils, and contribute significantly to climate change. The increase comes despite a shift from manufacturing to service industries and continual improvements in manufacturing efficiency, which has lessened the amount of resources consumed for each unit of GDP. Without this, environmental pressures would be worse. The projection also takes account of flattening demand in China and other emerging economies as their infrastructure booms end.
Fund fees forecast to fall by a fifth
October 21, 2018--Fees for passive funds in Europe are expected to fall from 23bp to 15bp by 2025, down by 35 per cent.
In the more mature US market where passive funds have already penetrated deeper into investors' portfolios, fees are predicted to fall from an average of 13bp to 11bp by 2025.
Money-laundering watchdog to set first cryptocurrency rules by June
October 19, 2018--The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations
The Paris-based Financial Action Task Force (FATF) said on Friday jurisdictions worldwide will be required to license or regulate cryptocurrency exchanges and some firms providing encrypted wallets, to help stamp out the use of digital money for money laundering, terrorism financing or other crimes.
World Gold Council-Investment-Update: IMF report highlights gold's relevance
October 17, 2018--The IMF Global Financial Stability report, released on 10 October, highlighted an increase in the level of risk among multiple global metrics.
Following its publication, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. While the market has regained some of its early losses, we believe the report and the subsequent market pullback underline the relevance of holding gold in the near and long term.
Africa: Ties Between African Countries and China Are Complex. Understanding This Matters
October 15, 2018--The complex relationship between Africa and China has become even more complicated this year. Initially, 2018 was set to reaffirm the bond through the latest Forum on China-Africa Cooperation summit held in Beijing in September.
The summit delivered its usual pageant of African leaders, side deals, and the announcement of a USD$60 billion financing package. The year also saw the recurrence of misgivings about the relationship.