Autonomous Vehicles Will Clog City Centres unless Lawmakers Step Up, Says Boston Study
June 27, 2018--Shared autonomous vehicles will reduce the number of cars and overall travel times in cities but potentially worsen traffic and increase travel times in downtown areas, a World Economic Forum study suggests
To avoid pockets of increased congestion caused by switching from mass transit, state and local lawmakers must put forth policies and incentives that maximize the benefits of autonomous vehicles
Source: World Economic Forum
Investor Confidence Declined in June by 2.1 Points to 101.7
June 26, 2018--State Street Global Exchange today released the results of the State Street Investor Confidence Index(R) (ICI) for June 2018.
The Global Investor Confidence Index decreased to 101.7, down 2.1 points from May's revised reading of 103.8. The decline in sentiment was driven by a 10.8 drop in the European ICI to 90.8 along with the 0.8 point decrease in the Asian ICI to 102.6. By contrast, the North American ICI rose by 0.8 points to 105.7.
Market movers are not hiding their intentions to bring the crypto back to higher peaks, despite the naysayers and regardless of the dangers.
Source: AME Info
Advisers still think ESG strategies underperform
Despite mounting evidence to the contrary, performance worries still keep advisers from implementing investment strategies that take into account environmental, social and governance concerns.
Source: investmentnews.com
IBOR Global Benchmark Transition Report-IBOR Global Benchmark Transition Report
There are now real concerns about the sustainability of certain IBORs due to a significant decline in activity in the unsecured bank funding market that they are supposed to represent. Given the limited number of actual transactions, and with banks reluctant to provide submissions based on judgement, the viability of certain IBORs is now in doubt. view the IBOR Global Benchmark Transition Report
Source: ISDA
Bassanese Bites-ASX Breakout!
That said, markets are still assuming (with some reason in my view) that some form of negotiated settlement will eventually be reached, or that at least escalation won't continue much longer.
Indeed, as we've seen with his overturning of the forced separation of children from their asylum seeking parents at the Mexican border (a ploy which failed to get Democrats to agree on a bill to fund the Mexican Wall), Trump has the capacity to back down if he senses it's a losing fight.
Source: BetaShares
ETF Securities Weekly Flows Analysis-OPEC injects volatility into oil markets
Trade war jitters send industrial metal ETP demand lower. Oil prices rally close to 6 per cent intraday on Friday after Organization of Petroleum Exporting Countries' (OPEC's) lack of transparency sent markets wondering about what levels of production increases will they will see this year from the group.
Source: ETF Securities
Seize the day to secure sustained growth, BIS says
In its flagship economic report, the BIS describes how the global economy is coming off a vintage year for growth with low inflation-unusual so late in the expansion. The gains are in no small measure the fruit of a decade of extraordinary monetary policies, but these have also contributed to vulnerabilities. Although the path to sustainable growth underpinned by price and financial stability is quite narrow, the right policy mix can help fend off material risks to the outlook.
Source: BIS
DECPG Global Weekly
Japan posted first trade deficit in 3 months in May
U.S. composite PMI eased in June; housing starts rose sharply in May. The preliminary reading of the composite purchasing mangers' index (PMI) for the United States came in at 56 in June, down from a 3-year high of 56.6 in May (a reading above 50 signals expansion). Euro Area composite PMI rebounded in June; consumer confidence fell. The Euro Area's flash PMI for June came in at 54.8, above market expectations and up from 54.1 in May. The services PMI rose to 55 in June from 53.8 in May whereas the manufacturing PMI slowed to 55 from 55.5 in May.
Source: World Bank
Estimating Cyber Risk for the Financial Sector
Recent cases show that the threat is real. Successful attacks have already resulted in data breaches in which thieves gained access to confidential information, and fraud, such as the theft of $500 million from the Coincheck cryptocurrency exchange. And there is the threat that a targeted institution could be left unable to operate.
Not surprisingly, surveys consistently show that risk managers and other executives at financial institutions worry most about cyber-attacks...
Source: IMF
June 25, 2018--Concerns about such investments' performance persist despite mounting evidence to the contrary
June 25, 2018--Interbank offered rates (IBORs) play a central role in financial markets, and act as reference rates to hundreds of trillions of dollars in notional amount of derivatives and trillions of dollars in bonds, loans, securitizations and deposits. The dependence on IBORs by all sectors of the financial markets is changing, however.
June 25, 2018--Week in Review
It was a down week for global equities in general, thanks in large part to US President Trump's threats to impose even more tariffs on Chinese and European imports. So far at least, however, what's apparent is that countries are not bowing to Trump's threats.
June 25, 2018--OPEC announcement drove prices higher, but we believe this is the beginning of a very volatile period for oil.
Silver sees outflows of US$107mn last week, the largest since September 2017.
June 24, 2018--Policymakers can maintain the current economic upswing beyond the short term by tackling structural reforms, rebuilding monetary and fiscal policy space to react to future threats and encouraging prompt implementation of regulatory reforms, the Bank for International Settlements (BIS) writes in its Annual Economic Report.
June 22, 2018--TAKING STOCK
U.S. composite PMI eased in June; housing starts rose sharply in May
Euro Area composite PMI rebounded in June; consumer confidence fell
Trade disputes escalated
EMDE currencies and stock markets weakened
June 22, 2018--Cyber risk has emerged as a significant threat to the financial system. An IMF staff modeling exercise estimates that average annual losses to financial institutions from cyber-attacks could reach a few hundred billion dollars a year, eroding bank profits and potentially threatening financial stability.
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