BIS, FSB and IMF publish elements of effective macroprudential policies
August 31, 2016--The International Monetary Fund (IMF), Financial Stability Board (FSB) and Bank for International Settlements (BIS) released today a new publication on Elements of effective macroprudential policies.
The document, which responds to a G20 request, takes stock of the international experience since the financial crisis in developing and implementing macroprudential policies and will be presented to the G20 Leaders' Summit in Hangzhou.
view the Elements of effective macroprudential policies-lessons from international experience
Source: BIS
F&D Magazine Examines Impact of Smart Technology on Global Economy
August 31, 2016--Smart technology can increase productivity and efficiency
Human-like robots could exacerbate inequality
Tech-based distance learning fosters improved policymaking
The newest issue of the IMF's magazine, Finance & Development, focuses on how intelligent technology can transform economic life, for better and for worse.
Source: IMF
ETF Securities Weekly Flows Analysis-Oil sees outflows as it trades at top of range
August 30, 2016--Second consecutive week of crude oil outflows as Brent trades closer to the top of range
Investors sell GBP and EUR shorts
Price declines in precious metals drive investors to sell silver and platinum but boosts gold buying.
Oil ETPs see second week of outflows as oil trades closer to the upper end of the recent trading range. With Brent hovering close to US$50/bbl, investors continued to take profit on their long positions.
Source: ETF Securities
Standard & Poor's gives REITs own sector, the first new one since 1999
August 30, 2016--The new sector has 28 issues with a market value of about $605 billion
On Wednesday, real estate investment trusts will become the first new sector for the Standard & Poor's 500 index since 1999, which may add some tailwinds to the already hot market.
Source: investmentnews.com
Investor Confidence Drops from 98.0 to 89.7 in August
August 30, 2016--State Street Global Exchange today released the results of the State Street Investor Confidence Index(R) (ICI) for August 2016.
The Global ICI decreased to 89.7, down 8.3 points from July's revised reading of 98.0.
Source: State Street Corporation
STOXX Limited launches Euro STOXX 50 Multi-Asset Momentum Risk Cap Indices
August 30, 2016--STOXX Ltd., the operator of Deutsche Böerse Group's index business, and a global provider of innovative and tradable index concepts, today introduced the EURO STOXX 50 Multi-Asset Momentum Risk Cap Indices.
These indices implement a cross-asset strategy concept that is based on the EURO STOXX 50 and the EURO STOXX 50 Corporate Bond Indices, using the momentum factor for dynamic asset allocation to enhance returns, while maintaining the risk at pre-defined maximum volatility levels.
Source: Deutsche Böerse
Cyber threat grows for bitcoin exchanges
August 29, 2016--When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency.
The cyber theft--the second largest by an exchange since hackers took roughly $350 million in bitcoins at Tokyo's MtGox exchange in early 2014--is hardly a rare occurrence in the emerging world of crypto-currencies.
Source: Reuters
Traders Discuss Data Superhighway From Chicago to Japan
August 29, 2016--'Go West' project would use microwaves and an undersea cable
Citadel, Virtu and Jump among firms that participated in talks
Rival high-frequency trading firms are in talks to jointly build a Chicago-to-Japan communications link that would accelerate trading across the Pacific Ocean, according to people familiar with the discussions.
Source: Bloomberg
Infographic-Do Newly Built Skyscrapers Signal The Top of the Stock Market?
August 29, 2016--Have you heard of the Burj Khalifa in Dubai?
It's the tallest skyscraper in the world at 828m (2,717 ft), and it was completed in 2009. The price tag was a whopping $1.5 billion, making it one of the most expensive buildings of all time.
Source: .visualcapitalist.com
Basel III implementation: Basel Committee reports to G20 Leaders
August 29, 2016--The Basel Committee on Banking Supervision has today published a report for the G20 Leaders at their Summit in Hangzhou on 4-5 September.
The report is an update on the implementation of Basel III regulatory reforms since the Committee's progress report to G20 Leaders in November 2015.
Source: BIS