LSE gets Hong Kong regulatory nod to HK firms to become LSE members
June 15, 2015--London Stock Exchange said on Monday it has received approval from Securities and Futures Commission to allow Hong Kong trading firms to become members of the LSE.
The LSE membership will allow Hong Kong trading firms direct access to Europe's most liquid and international markets,LSE said in a statement.
Source: Reuters
IEA sets out pillars for success at COP21
Report offers strategy for delivering a peak in energy emissions by 2020
June 15, 2015--A peak in global energy-related emissions could be achieved as early as 2020 and at no net economic cost, the International Energy Agency said on Monday in its new World Energy Outlook Special Report on Energy and Climate Change.
The Agency showed how to achieve an early peak in emissions as one of four key pillars that it believes are needed to make the upcoming UN climate talks a success, from an energy perspective.
view the World Energy Outlook Special Report 2015: Energy and Climate Change
Source: IEA (International Energy Agency)
WDR 2015-Mind Society and Behavior
June 15, 2015--STORY HIGHLIGHTS
'Mind, Society and Behavior', the World Bank's flagship World Development Report for 2015, explores the myriad psychological, social, and cultural factors that influence the way people think and decide in their everyday lives.
WDR 2015 says that since people are strongly influenced by their identities, networks and social groupings, a more realistic understanding of human behavior can help make development policies more effective.
Development programs will therefore do well to go through a process of discovery and learning, spreading time, money and expertize over several cycles of design, implementation and evaluation, without being afraid to fail and start over.
Are human beings always rational? How many of our decisions are based on cool-headed calculation? Or, do we mostly decide on the basis of intuition and emotion-or simply follow what the neighbors have done, and what culture and society dictates?
'Mind, Society and Behavior', the World Bank's flagship World Development Report for 2015, explores the myriad psychological, social, and cultural factors that influence the way people think and decide in their everyday lives-how they save, rear their children, invest in education, follow healthy practices, and use water and energy, to name a few.
view infographic-Mind, Society, and Behavior
Source: World Bank
Firms alter bond portfolios as liquidity concerns mount
June 15, 2015--Lack of liquidity in the global bond markets has pushed money managers to alter the composition of portfolios, as concerns mount over an impending crunch in the fixed-income market.
A number of factors have resulted in these moves.
Source: Pensions & Investments
China managers set to ramp up solo overseas ETFs
June 15, 2015--Chinese managers are tipped to increasingly look to independent overseas listings of ETFs, without a foreign partner.
But they face difficulties in building their own infrastructure to support products.
Source: Asian Investor
World Bank-The Little Green Data Book 2015
June 15, 2015--The Little Green Data Book is a pocket-sized ready reference on key environmental data for over 200 economies.
Key indicators are organized under the headings of agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation.
view the The Little Green Data Book 2015
Source:World Bank
WisdomTree Appoints Kurt MacAlpine Executive Vice President and Head of Global Distribution
New Role to Oversee Company's Ongoing and Future Distribution Efforts Worldwide
June 15, 2015--WisdomTree Investments, Inc. WETF, an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the hire of Kurt MacAlpine as Executive Vice President--Head of Global Distribution.
In a newly created role, Mr. MacAlpine will oversee WisdomTree's ETP sales and distribution initiatives globally and join WisdomTree's executive management team.
Source: MarketWatch
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