Global ETF News Older than One Year
What Investors Need to Know as Saudi Stocks Open Up to the World
June 14, 2015--Saudi Arabia is opening one of the world's most-restricted stock markets to foreigners for the first time on Monday.
The move comes as the biggest economy in the Middle East seeks to reduce its reliance on oil income, which accounts for about 90 percent of government revenue, and as the kingdom burns through foreign reserves at a record pace.view more
Source: Bloomberg
DECPG Global Weekly
June 12, 2015--Taking Stock
The World Bank lowered its growth forecasts for developing countries. The World Bank cut its growth outlook for
developing countries in the June 2015 Global Economic Prospects report, citing a series of tough challenges including the looming prospect of higher borrowing costs in a new era of low prices for oil and other commodities.
Developing countries are now projected to grow by 4.4 percent in 2015, revised down from 4.8 percent in January, and pick up to 5.2 percent in 2016, and 5.4 percent in 2017 (Figure 1).
U.S. retail sales and producer prices increased in May. U.S. retail sales jumped 1.2 percent (m/m) in May, matching expectations. Sales in the two previous months were upwardly revised, with sales rising 0.2 percent in April and 1.5 percent in March. Separately, U.S. producer prices rose 0.5 percent (m/m) in May, following a 0.4 percent drop in April, reflecting a substantial rebound in energy prices. Excluding food and energy prices, core producer prices inched up 0.1 percent after falling 0.2 percent in April.
Source: World Bank
State Street Global Advisors-Weekly Market Report
June 12, 2015--This Week's Highlights
Economies
Retail sales rise robustly in the US. Housing starts rebound in Canada. Industrial production rises in the UK and Germany but falls in France and Italy. GDP is revised up for a very strong gain in Japan. Unemployment falls in Australia.
Markets
G7 government bonds caught a bid this week but are still down sharply this spring. Equities are mixed this week. USD falls. Oil rises.
Next Week's Highlights
Spotlight
The Fed and the Bank of Japan likely leave policy unchanged for now. Industrial production is expected to rise in the US. Inflation should remain extremely low in the US, UK and
Canada. The labor market continues to tighten in the UK.
Source: spdru.com
DGCX RISK RETURNS: Greece IMF talks fail, USD falls in-spite of good Retail Sales
June 12, 2015--USD's strength will persuade the Fed to delay its first rate increase since 2006-Comment
U.S. consumer demand increased in May
US Commerce Department said retail sales rose 1.2 % in May, 1st time this year as per forecast.
US Fed FOMC meeting next week
BOJ Governor said Wed "currency was already "very" weak on a real effective basis"
IMF and Greece failed to make progress at debt negotiations in Brussels
IMF- Greece-The standoff has fueled concern that Greece will exit the euro area
India-May CPI likely rose 5% vs 4.87% prior; according to a survey; data 05:30 pm IST
India-April factory output likely rose 1.5% vs 2.1% prior (survey); data 05:30 pm IST
India's leading stock Index-Sensex fell 1.8% on June 11
Source: DGCX
To Solve Liquidity Drought, Investors Try to be Future(s) Perfect
June 12, 2015--Hardly a week passes without a senior regulator talking about dwindling liquidity and rising volatility in financial markets.
Bank of England Governor Mark Carney says has said it poses "a clear risk to financial stability". ECB President Mario Draghi has told investors to "get used" to it.
Source: Wall Street Journal
FSB and IOSCO publish Public Responses to the Second Consultative Document on NBNI G-SIFI Assessment Methodologies
June 12, 2015--FSB and IOSCO publish public responses to the March 2015 second consultative document on assessment methodologies for identifying non-bank non-insurer global systemically important financial institutions.
Source: FSB
Junk-Bond Defaults Growing as Pressure From Commodities Persists
June 12, 2015--U.S. junk-bond defaults rose to the highest level since October 2009 as depressed prices plague energy, metal and mining issuers that represent the largest contingent of debt from the riskiest companies.
There were nine defaults in May, including iron processor Magnetation LLC and Patriot Coal Corp., according to Fitch Ratings, with energy and metals and mining companies accounting for all of them. The two industries comprised 93 percent of defaults in the second quarter.
Source: Bloomberg
GoldMoney weekly market report and customer metrics
June 12, 2015--Silver in the spotlight
GoldMoney customers have had a busy few days with trading volumes up on the previous week.
Kelly-Ann Kearsey, Dealing Manager, at the online bullion dealer, GoldMoney, said: 'Silver has been the centre of attention for our customers with its current price bringing out the bargain hunters. Gold saw a three day rally which encouraged some profit taking, but the market overall is being run by US data.'
Source: scoop.co.nz
IEA Oil Market Report
June 11, 2015--Product market strength and rising tension throughout the Middle East supported global crude oil prices in May and through early June. At the time of writing, ICE Brent was trading at around $65.95/bbl, while US WTI was at $61.50/bbl.
Global oil supplies fell by 155 kb/d in May to 96 mb/d on lower non-OPEC output, but remained at a steep 3.0 mb/d above last year. Annual growth slowed marginally from March and April and remained roughly split between non-OPEC and OPEC countries. The forecast of non-OPEC supply growth for 2015 have been raised to 1 mb/d.
OPEC supply in May edged up 50 kb/d to 31.33 mb/d, the highest since August 2012. Saudi Arabia, Iraq and the UAE pumped at record monthly rates to keep output over 1 mb/d above OPEC's official supply target for a third month running. Oil ministers agreed to maintain that target at their 5 June meeting.
Source: (IEA) International Energy Agency (IEA)
Implementation monitoring of the PFMIs: Second update to Level 1 assessment report
June 11, 2015--The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published the second update to the Level 1 assessments of implementation monitoring of the Principles for financial market infrastructures (PFMIs).
Level 1 assessments are based on self-assessments by individual jurisdictions on how they have adopted, within their regulatory and oversight frameworks, the PFMIs' 24 Principles for FMIs and four of the five Responsibilities for authorities.
view the Implementation monitoring of PFMIs: Second update to Level 1 assessment report
Source: IOSCO
