Global ETF News Older than One Year
US, global regulators taking different shadow-banking tacks, BlackRock exec complains
July 6, 2015--US and global authorities are following their own paths in collecting shadow-banking data, potentially fragmenting information to be used to detect
financial-stability risks, a BlackRock executive said.
Source: mlexfs-core.com
Get Ready to Weather the Price of El Niño
Forecasters in the U.S., Australia and Japan have confirmed El Niño is back
July 5, 2015--Fears that the El Niño weather phenomenon will wreak havoc this summer have sent prices of wheat, corn and soybeans higher in recent weeks, as commodity investors, farmers and traders prepare for low crop yields.
Government forecasters in the U.S., Australia and Japan have in recent weeks confirmed El Niño is back for the first time since the 2009-10 farming season, thanks to a 4% temperature rise in...
Source: Wall Street Journal
Four-fifths of fund executives fear asset management iTunes
July 5, 2015--Four-fifths of senior asset management staff expect the fund market to be disrupted by an outside participant in the same way Apple upended the music industry with the introduction of iTunes.
According to a poll of 400 senior executives by State Street, the custodian bank, 79 per cent fear they will face direct competition from a non-traditional entrant to asset management.
Source: FT.com
Exclusive: Europeans tried to block IMF debt report on Greece: sources
July 3, 2015--Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday.
The document released in Washington on Thursday said Greece's public finances will not be sustainable without substantial debt relief, possibly including write-offs by European partners of loans guaranteed by taxpayers.
Source: Reuters
DGCX-Middle-Earth: FRIDAY SPECIAL: IMF PPP: INR most undervalued by -67.9%, CHF most overvalued by +43.7%
July 3, 2015--ECONOMY SPECIAL
IMF PPP data: CHF is also most overvalued currency in the world, at +43.7% relative to USD
INR, at -67.9% relative to USD is most undervalued
2015 India GDP growth forecast at 7.35% vs 6.9% for China
2016, the growth forecast at 7.6% for India vs 6.7% for China
Next fastest growing economies are Philippines (6.2%), Indonesia (5%) and Malaysia (4.8%), Russia and Brazil are only 2 major economies in world on target for recession in 2015
Consensus GDP forecast for Russia is -3.5% and for Brazil, -1.3%
Switzerland is slowest growing major economy with 2015 GDP forecast of 0.8%
MARKET PULSE
US added 223,000 jobs in June; jobless rate fell to a 7-year low of 5.3 %
Data showed the U.S. labor-force participation fell to a 1977 low
US hourly earnings at private cos.held at $24.95,up just 2 % in 12 mo. to June
Report on the impact and accountability of banking supervision issued by the Basel Committee
July 2, 2015-Today,the Basel Committee published its Report on the impact and accountability of banking supervision.
The report is a range-of-practice study on how supervisors around the world define and evaluate the impact of their policies and actions, manage against that impact and then account for it to their external stakeholders, including the government, parliament and the general public.
view more view the Report on impact and accountability of banking supervision
Source: BIS
Nasdaq Global Indexes Monthly Scorecard
Source: Nasdaq.com
DMS-Emerging Markets: Mongolia, Truly the Final Frontier
"Very cold," he replied, and then expanded, "So cold that if you accidentally spill your hot coffee outside during the dead of winter, if freezes before it hits the ground." "And the lure of Mongolia is?" I asked him in response. "It's truly the final frontier," he replied.
Source: Peter Kohli of DMS for Nasdaq.com
Average daily volume of 11 million contracts at Eurex Group in June
In total, 189.8 million contracts were traded at Eurex Exchange and 52.7 million at the ISE in June.
Source: Deutsche Börse
S&P: All That Bond Market Illiquidity is Bad for Bond Funds, But Not Banks
Bankers, regulators and investors have long been complaining that the ability to buy and sell in the bond market without impacting the prices of securities has deteriorated in the aftermath of the financial crisis.
Source: Bloomberg
July 2, 2015--The Nasdaq Global Indexes Monthly Scorecard is available.
July 1, 2015--Mongolia is known as the land of eternal blue sky because it has about 250 sunny days a year. In a recent conversation I had with my friend, Gary Kucher of Mongolia Holdings, who does a lot of investing in Mongolia, I asked him how cold it gets there in the winter.
July 1, 2015--In June, the international derivatives exchanges of Eurex, part of Deutsche Börse Group, recorded an average daily volume of 11.0 million contracts (June 2014: 8.0 million). Of those, 8.6 million were Eurex Exchange contracts (June 2014: 6.0 million), and 2.4 million contracts (June 2014: 2.0 million) were traded at the U.S.-based International Securities Exchange (ISE), part of Eurex Group.
What would a dry spell in the bond market mean for the financial sector?
July 1, 2015--Standard & Poor's,the credit rater, has just published new research on the changing structure of the corporate bond market and its effect on on a wide variety of financial entities.
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