ETF Securities Weekly Flows Analysis-Gold ETPs outflows after hawkish September FOMC minutes
October 17, 2016--Gold ETPs outflows after hawkish September FOMC minutes.
Investors continue to sell short GBP and buy long GBP ETCs as GBP seems to be making a floor.
Platinum ETPs recorded the largest inflows of US$22.8mn last week, as investors see price opportunity relative to Gold.
Investors increased their short positions on UK and German stocks.
Gold ETPs see outflows after three consecutive week of inflows, as the September FOMC minutes suggested rate hike was a close call. Gold ETPs recorded US$32.8mn withdrawn last week after 3 weeks of inflows, signalling that investors see increased prospects for higher US interest rates..
Source: ETF Securities
London gold market faces shake-up
October 17, 2016--Exchange operator to start daily futures contract based on London metal but traded in US.
Source: FT.com
Bundesbank Disucssion paper-Financial shocks and inflation dynamics
October 17, 2016--1 Introduction
Despite a massive fall in demand during the Global Financial Crisis (GFC), the US
economy experienced only a modest disin ation. Two prominent explanations for
this "missing disinflation puzzle" have been proposed. First, in ation expectations were well anchored (Bernanke 2010, Yellen 2013), while the rise in energy prices prevented a fall in long-run in ation expectations (Coibon and Gorodnichenko 2015).
view the Bundesbank Disucssion paper-Financial shocks and inflation dynamics
Source: bundesbank.de
DECPG Global Weekly-October 14, 2016
October 14, 2016--TAKING STOCK
U.S. weekly jobless claims at 42-year low; Federal Reserve released the minutes of its September meeting
Euro Area industrial production rebounded in August
Japan parliament passed additional fiscal stimulus
China's exports and imports tumbled in September
Inflation rose in Angola and Ghana
WEEKLY INSIGHT
How Does Recent Credit Growth in EMDEs Compare With Past Episodes of Credit Booms?
Elevated credit levels or growth rates constitute a vulnerability for some emerging market and developing economies (EMDEs). Credit to the nonfinancial private sector in commodity-importing EMDEs has been higher than in previous credit booms but its growth has been subdued. In contrast, credit growth in commodity-exporting EMDEs has been near the pace and levels of credit-to-GDP ratios associated with past credit booms.
Source: World Bank
Bats Reports Strong September Data, including 11.7% U.S. Options Market Share
October 14, 2016--Bats Global Markets, Inc. (Bats: BATS) today reported September data and highlights, including its second-best month on record for its U.S. options business, with 11.7% market share.
Source: Bats Global Markets
Building minimum variance portfolios with low risk, low drawdowns and strong returns
October 13, 2016--In the wake of the global financial crisis, minimum variance equity strategies quickly gained traction by capturing the attention of a risk-aware and risk-averse investment community.
But minimum variance portfolios (MVPs) offer much more than just an efficient way to lower portfolio volatility.
Source: STOXX
Shaping the Global Agenda on Ageing: Meeting the Needs of Cognitive Decline
October 13, 2016--The world's older adult population-estimated to double to 2 billion by 2050-is a triumph of human development that will generate both economic growth and uncertainty in the decades to come.
Longer lives mandate that we prepare for cognitive changes. The science is clear: many cognitive abilities will improve or stabilize with age, yet the ability to make fact-based decisions declines as brains get older.
view the White Paper-Shaping the Global Agenda on Ageing Meeting the Needs of Cognitive Decline
Source: WEF (World Economic Forum)
Hard targets to dump boardroom Trumps
October 12, 2016--Evidence is building that companies with diverse boards outperform those whose members are all male.
Source: FT.com
Does a price war loom for ETF providers?
October 12, 2016--Some observers argue that the competitive nature of ETF fees means that more cuts beckon
Source: FT.com
IMF Research Bulletin, September 2016
October 11, 2016--The IMF Research Bulletin, September 2016.
Source: IMF