Global ETF News Older than One Year
China gives U.S. investment quota for first time to deepen financial ties
June 7, 2016--China will give the United States a 250 billion yuan ($38 billion) investment quota for the first time to buy Chinese stocks, bonds and other assets, officials said on Tuesday, deepening financial ties and interdependence between the world's two largest economies.
China has given such quota allocations to several countries, including the UK, France and Singapore, but this would be the biggest given to a single jurisdiction after Hong Kong.
World Bank-Global Growth Forecast Again Revised Lower to 2.4%
June 7, 2016--There are markedly different prospects for commodity exporters and importers.
China is forecast to grow at 6.7% after 6.9% last year. India's robust economic expansion is expected to hold steady at 7.6%, while Brazil and Russia are projected to remain in deeper recessions than forecast in January.
In an environment of anemic growth, the global economy faces mounting risks, including a further slowdown in major emerging markets.
The World Bank is downgrading its 2016 global growth forecast to 2.4% from the 2.9% pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows.
view the June 2016-Global Economic Prospects-Divergences and Risks
Source: World Bank
Renewables 2016 Global Status Report
June 6, 2016--2015 was an extraordinary year for renewable energy. Renewables are now cost competitive with fossil fuels in many markets and are established around the world as mainstream sources of energy.
Cities, communities and companies are leading the rapidly expanding "100% renewable" movement, playing a vital role in advancing the global energy transition. Distributed renewable energy is advancing rapidly to close the gap between the energy haves- and have-nots.
view the Renewables 2016 Global Status Report
Source: ren21.net
ESMA and CFTC to cooperate on CCPs
June 6, 2016--The European Securities and Markets Authority (ESMA) and the US Commodity Futures Trading Commission (CFTC) have established a memorandum of understanding (MoU) under the European Market Infrastructure Regulation (EMIR).
The MoU establishes cooperation arrangements, including the exchange of information, regarding CCPs which are established in US and authorised or recognised by the CFTC and which have...
Source: ESMA
IMF-Analyzing and Managing Fiscal Risks-Best Practices
June 6, 2016--Summary: Comprehensive analysis and management of fiscal risks can help ensure sound fiscal public finances and macroeconomic stability.
This has been underscored by the global financial crisis and the more recent collapse in commodity prices, which starkly illustrate the vulnerability of public finances to risk. Indeed, over the past quarter century, governments experienced on average an adverse fiscal shock of 6 percent of GDP once every 12 years, with some of the largest stemming from financial crises.
view the
Source: IMF
Asset managers face 30% fall in profits
Source: FT.com
Eurex: Trading statistics May 2016
Of those, 5.9 million were Eurex Exchange contracts (May 2015: 7.7 million), and 2.1 million contracts (May 2015: 2.4 million) were traded at the New York based International Securities Exchange (ISE). The volume traded on the spot and derivatives power markets of the European Energy Exchange (EEX) amounted to 287.8 terawatt hours (TWh). Eurex Repo recorded in all markets in May 2016 an average outstanding volume of 142.6 billion euros.
Source: Eurex
Global economy stuck in low-growth trap: Policymakers need to act to keep promises, OECD says in latest Economic Outlook
"Growth is flat in the advanced economies and has slowed in many of the emerging economies that have been the global locomotive since the crisis," OECD Secretary-General Angel Gurría said while launching the Outlook during the Organisation's annual Ministerial Council Meeting and Forum in Paris.
Source: OECD
Sustainable consumption and the Fourth Industrial Revolution
Unfortunately, in the past 50 years, 60% of the earth's ecosystem has been depleted and natural-resource consumption is expected to rise by three to six times by 2050. The population is expected to reach over 9 billion people by 2050 and the global middle class is expected to triple by 2030. With this in mind, how long can we sustain this development model without further damaging the environment and aggravating existing inequalities? view the Ecosystems
and Human Well-being Synthesis-A Report of the Millennium Ecosystem Assessment
Source: World Economic Forum
Bears in charge as MSCI's decision on China shares looms
Source: FT.com
June 5, 2016--Rise of passive investing and volatile markets will hurt earnings, says McKinsey
Eurex Exchange: ADV 5.9 million contracts/ISE: ADV 2.1 million contracts
June 1, 2016--In May 2016, the international derivatives markets of Eurex, part of Deutsche Börse Group, recorded an average daily volume of 8.0 million contracts (May 2015: 10.1 million).
June 1, 2016--The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD's latest Global Economic Outlook.
June 1, 2016--So far, economies and businesses have benefited from cheaper and better imports and improvements in efficiencies in production. And growth has come from selling at a greater scale and has been achieved through volume.
May 31, 2016--It was a year ago that index provider MSCI considered whether to include Chinese domestic-listed A shares in its emerging market indices. The Chinese market was charging ahead, with the Shanghai Composite Index peaking on June 12, two days after MSCI opted not to include the shares.
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