BIS March 2017 BIS Quarterly Review: Beyond swings in risk appetite
March 6, 2017--Investors have started to discriminate more across asset classes, regions and sectors as they try to make sense of the implications of a changing political environment, in contrast to the cross-asset herd behaviour that characterised markets in recent years.
The shift away from the consistent waves of risk-on, risk-off buying and selling suggests that, during the quarter, central bank decisions, and the associated swings in investor risk appetite, played less of a role in driving valuations.
view the BIS Quarterly Review, March 2017
Source: BIS
ETF Securities Weekly Flows Analysis- Rate hike probability drives gold outflows
March 6, 2017--Investors sell gold as hawkish Fed sends the price lower
Technology themed equity ETPs continue to gain favour
Buying crude oil on price dips
Investors diversify within industrial metals
Largest inflows into short FTSE ETFs since July 2016
Investors sell gold as hawkish Fed sends the price lower. There was US$96.3mn of outflows from long gold ETPs last week, marking the first weekly outflow in five weeks.
Source: etfsecurities.com
Deutsche Bank refines strategy and announces capital increase
March 5, 2017--Capital Ratio (CET1 fully loaded) target of comfortably above 13 percent
Intended capital increase of approximately 8 billion euros from the issuance of new shares with subscription rights
Up to 2 billion euros of additional capital accretion targeted in next two years from asset disposals and a flotation of minority stake of Deutsche Asset Management
Significant strengthening of position in German home market intended, while retaining global reach in Corporate & Investment Bank, Wealth Management and Asset Management
Simplified business model consisting of three business units.
Source: Deutsche Bank
The world's biggest stock index turns 60 on Saturday
March 3, 2017--The S&P 500 Index officially launched 60 years ago on March 4th, 1957. While the Dow Jones Industrial Average-which started way back in 1885-is the most well-known reference point for the state of the stock market, the S&P 500 is far and away the gold standard for investors.
Source: CNBC.com
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