Deutsche Boerse taps the US commodity market
March 3, 2017--The commodity arm of Deutsche Börse Group, European Energy Exchange (EEX), has reached an agreement in principle with the shareholders of Nodal Exchange Holdings, LLC-a US regulated futures exchange, headquartered in Virginia-on the purchase of all shares.
Therewith Nodal Exchange will become part of Deutsche Börse Group. The acquisition gives Deutsche Börse access to the North American energy market, enabling the company to expand its global presence and membership base in line with its growth strategy "Accelerate".
Source: Deutsche Börse Group
DECPG Global Weekly-March 3, 2017
March 3, 2017--TAKING STOCK
U.S. PCE inflation rate moved closer to the Federal Reserve's target; jobless claims continued to fall
Euro Area manufacturing PMI reached its highest level since 2011; inflation hit 2 percent
Japan's industrial production contracted in January; core consumer prices rose for the first time in over a year
China's manufacturing sector improved; services sector activity softened
Nigeria GDP contraction slowed in Q4 2016
Source: World Bank
ETF Securities Precious Metals Monitor-February 2017
March 3, 2017--Key Highlights
Deficits, delays and debt discussions could weigh on market optimism
The Trump rally continued its march this month with the S&P 500 rising 4.0% and indices hitting record levels.
Investors remain fueled by expectations for tax reform, deregulation, and increased fiscal spending (most notably a $1 trillion dollar infrastructure plan). Given the complexities of bringing such policies to fruition, however, markets may be under-pricing the impact that delays and compromises may have on current valuations.
Source: etfsecurities.com
Buy-side brace for further regulatory scrutiny
March 3, 2017--Regulators are set to shift focus from large banks to asset managers, according to a recent report.
Asset managers globally will face 'rigorous regulatory scrutiny' with emerging proposals from regulators including MiFID II, UCITS and AIFMD. P>view more
Source: thetradenews.com
FIA: Position limits rule needs more study and hedging exemptions
March 2, 2017--FIA has submitted comments urging the Commodity Futures Trading Commission (CFTC) to assess whether position limits are needed and to expand exemptions for hedging activities before setting any new federal position limits.
The position limits re-proposal, which would establish speculative position limits for 25 exempt and agricultural commodity futures and option contracts, and physical commodity swaps that are "economically equivalent" to such contracts, contains changes made in response to comments from FIA and other market participants. FIA support
Source: FIA.org
WisdomTree: Don't let roll yield erode your commodity returns
March 2, 2017--In this two-part series, we will look into the two key drivers that can affect an optimised rolling commodity strategy -changing market conditions arising from policy pressures and seasonality.
We will show how the ability in managing the roll component, coupled with lower volatility, highlights how an optimised strategy can better manage the different return components of commodities investing without sacrificing performance.
Source: etfstrategy.co.uk
Deutsche Boerse has sold its remaining stake in Bats Global Markets
March 2, 2017--Deutsche Boerse has offloaded its remaining shareholding in Bats Global Markets.
It had sold one third of its stake in the Kansas-based stock exchange operator for $86m (£70m) in October, and said it had already realised a net income contribution of around €23m (£19.7m) from that. It expects the newest sale to boost earnings by €68m this quarter.
Source: cityam.com
One bitcoin is now worth more than one ounce of gold
March 2, 2017--For the first time ever, the price of one bitcoin has surpassed the price of one ounce of gold.
While today's swap can be attributed to a good day for bitcoin (up ~3%) and a bad day for gold (down ~1.3%), the big picture is that bitcoin has more than doubled in the last year (up ~185% from a year ago) while gold is essentially trading exactly at the price it was a year ago.
Source: techcrunch.com
IMF F&D Magazine Examines "Growth Conundrum"
March 2, 2017--In this issue:
Whither Economic Growth?
The global optimism at the turn of the century has been replaced by fear of long-term stagnation.
Rethinking GDP
It may be time to devise a new measure of economic welfare with fewer flaws
Why does economic growth matter?
view the IMF F&D Magazine Examines "Growth Conundrum"
Source: IMF
World Economic Forum-Shaping the Future of Construction: Inspiring innovators redefine the industry
March 1, 2017--3D-printed houses, automatically designed hospitals, prefabricated skyscrapers-futuristic dreams are now a reality, according to a new report from the World Economic Forum.
The report, Shaping the Future of Construction: Inspiring innovators redefine the industry, analyses ten innovation cases, and provides key success factors and policy recommendations to accelerate innovation in construction.
view the Shaping the Future of Construction Inspiring innovators redefine the industry report
Source: WEF (World Economic Forum)