ETFS Securities-Commodity ETP Quarterly -Key Trends in 2013 & Outlook for 2014
January 17, 2014--The report includes:
A comprehensive and fully up-to-date reference guide to investing in global commodity ETPs and indexes - no ETP type or geographic area is excluded. The report details the large and growing choice of commodity ETP exposures and strategies around the world.
Summary analysis of global commodity ETP flows, trading volumes and AUM trends. Includes a detailed analysis of the main trends in 2013 and the outlook for 2014.
Roll yield analysis (contango/backwardation) broken down by individual commodity and commodity sectors.
Useful fundamental commodity data and information. An updated and revised inventory trends section, positioning data, futures curve developments, commodity index compositions and weights.
view the ETF Securities Commodity ETP Quarterly-Key Trends in 2013 & Outlook for 2014
Source: ETF Securities
SPDR Weekly Report -Weekly Market Report
January 17, 2014--ECONOMIES: Retail sales rise moderately in the US. Business investment and hiring plans improve in Canada. Inflation is on target in the UK but remains well below target for the eurozone. Machine orders rise in Japan. Employment falls in Australia. Brazil's central
bank hikes again.
MARKETS: A fair start to the earnings season, and equities are mostly higher. Government bonds are bid on a mix of benign inflation,
dovish central bank rhetoric and disappointing data. EUR falls on dovish ECB rhetoric. CAD and AUD continue to weaken. Oil and gold are little changed.
NEXT WEEK PREVIEWED
SPOTLIGHT: The Bank of Canada and the Bank of Japan should each leave policy unchanged. Inflation readings will likely be benign in
Canada and Australia. The labor market continues to tighten in the UK.
THE WEEK IN REVIEW
US
According to the Fed's latest BEIGE BOOK, the economy
expanded at a "moderate" pace throughout most of the
country from late November through the end of the year-
an upgrade from the more mixed 'modest to moderate "
pace highlighted in the previous Beige Book. Moreover,
the economic outlook was described as "positive in most
districts." Most Districts reported that retail activity was up.
And most also reported increases in nonfinancial services.
All Districts reported manufacturing activity up from a year
earlier. The latest reports also noted still generally improving
real estate markets for both residential and commercial
segments. Loan volumes reportedly haven’t changed much
for banks, but activity continues to increase across the energy
sector. Agricultural conditions were “generally strong and
improving.” Most Districts reported increases in hiring and
there were even some reports of strong labor demand, as well
as scattered reports of labor shortages.
For more information, including product fact sheets and related whitepapers:
Source: SSgA
Opec nudges up oil demand forecasts
January 16, 2014--Oil cartel Opec slightly nudged up its world oil demand growth forecasts for 2013 and 2014 on Thursday, citing positive developments in Europe and North America.
For 2013, the 12-member Organization of Petroleum Exporting Countries estimated demand at 89.86 million barrels per day (mbd), up 0.94 mbd from demand in 2012.
Source: OPEC
Will Water Constrain Our Energy Future?
January 16, 2014--STORY HIGHLIGHTS
The world's energy systems are inextricably linked with water systems.
With demand rising for both resources, water scarcity can threaten the long-term viability of energy projects and hinder development.
To mitigate the risks of the challenge, the World Bank has launched Thirsty Energy, a global initiative to help countries prepare for an uncertain future now by quantifying tradeoffs and identifying synergies between water and energy resource management.
Energy and water security are crucial to human and economic development. The two resources are now more interconnected than ever--significant amounts of water are needed in almost all energy generation processes, from generating hydropower, to cooling and other purposes in thermal power plants, to extracting and processing fuels. Conversely, the water sector needs energy- mainly in the form of electricity -to extract, treat and transport water. Both energy and water are used in the production of crops, including those used to generate energy through biofuels.
The Infographic: Thirsty Energy--Energy and Water's Interdependence is now available.
Source: World Bank
Worsening Wealth Gap Seen as Biggest Risk Facing the World in 2014
The World Economic Forum's Global Risks 2014 report finds income disparity the most likely risk to cause an impact on a global scale in the next decade
Other risks of significant concern include extreme weather events, unemployment and fiscal crises
The report analyses 31 global risks and includes special in-depth investigations into youth unemployment, digital disintegration and geopolitical risks
January 16, 2014--The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global experts that contributed to the World Economic Forum's Global Risks 2014 report, released today.
Taking a 10-year outlook, the report assesses 31 risks that are global in nature and have the potential to cause significant negative impact across entire countries and industries if they take place. The risks are grouped under five classifications - economic, environmental, geopolitical, societal and technological -and measured in terms of their likelihood and potential impact.
view the WEF Global Risks 2014
Source: WEF (World Economic Forum)
Infographic-Investing in a Low Carbon Future
January 15, 2014-The infographic-Infographic-Investing in a Low Carbon Future-Meeting Fiduciary Responsibility in Three Steps is available for viewing.
Source: United Nations
BP Energy Outlook 2035 Shows Global Energy Demand Growth Slowing, Despite Increases Driven by Emerging Economies
January 15, 2014-- Outlook focuses on supply sufficiency, security and sustainability.
Global energy demand continues to grow but that growth is slowing and mainly driven by emerging economies- led by China and India- according to the BP Energy Outlook 2035, which is published today.
This is the fourth annual edition of the Outlook, and for the first time it sets out BP's view of the most likely developments in global energy markets further beyond 2030 to 2035, based on up-to-date analysis.
The Outlook reveals that global energy consumption is expected to rise by 41 per cent from 2012 to 2035-compared to 55 per cent over the last 23 years (52 per cent over the last twenty) and 30% over the last ten. Ninety five per cent of that growth in demand is expected to come from the emerging economies, while energy use in the advanced economies of North America, Europe and Asia as a group is expected to grow only very slowly - and begin to decline in the later years of the forecast period.
Source: BP
Investing in the Clean Trillion: Closing The Clean Energy Investment Gap Executive Summary
January 15, 2014--In 2010 world governments agreed to limit the increase in global temperature to two degrees Celsius (2 °C) above pre-industrial levels to avoid the worst impacts of climate change. To have an 80 percent chance of maintaining this 2 °C limit, the IEA estimates an additional $36 trillion in clean energy investment is needed through 2050-or an average of $1 trillion more per year compared to a "business as usual" scenario over the next 36 years.
These new investments in clean energy-including renewable energy such as solar, wind and geothermal, energy efficiency and energy smart technologies such as power storage, fuel cells and carbon capture and storage-will provide multiple benefits. In addition to cutting greenhouse gas emissions in half by 2050, such investment will yield significant returns in the form of reduced fuel costs. Total fuel savings are an estimated $100 trillion between 2010 and 2050. Moreover, the greater job-creation potential of energy efficiency and renewable energy relative to fossil fuels makes clear that quadrupling annual global investment in clean energy will create millions of new jobs worldwide.
Source: Ceres
Safeguarding Future Retirement Funds-Time for Investors to Move Out of High-Carbon Assets Says UN's Top Climate Official
Call Comes in Advance of UN Secretary-General's Climate Summit in Late 2014
January 15, 2014--The UN's top climate change official Christiana Figueres today urged
investors to accelerate the greening of their portfolios as one crucial step towards a low-carbon economy
that can better cope with the threats and seize the opportunities from climate change.
She specifically called on investors to move out of high-carbon assets and into assets built on renewable energy, energy efficiency and more sustainable ways of business that green global supply chains.
Source: UN
Risk management guidelines related to anti-money laundering and terrorist financing issued by the Basel Committee
January 15, 2014--The Basel Committee on Banking Supervision has today issued a set of guidelines to describe how banks should include the management of risks related to money laundering and financing of terrorism within their overall risk management framework.
Prudent management of these risks together with effective supervisory oversight is critical in protecting the safety and soundness of banks as well as the integrity of the financial system. Failure to manage these vulnerabilities exposes banks to serious reputational, operational, compliance and other risks.
view the BIS report-Sound management of risks related to money laundering and financing of terrorism
Source: BIS