UN-led carbon market 'close to collapse'
October 2, 2012-- It was supposed to be a clever way of neutralising greenhouse gas pollution in rich countries and boosting green investment in poorer nations.
But seven years after the first credit was issued in the world’s only global carbon market – the UN’s Clean Development Mechanism – prices have plunged to record lows and a panel set up by the UN itself to assess the CDM says it has “essentially collapsed”.
Source: FT.com
Implementation of capital standards: assessment reports published by Basel Committee
October 1, 2012--The Basel Committee on Banking Supervision has today published three reports assessing the rules that will implement Basel III in the European Union,, Japan and the United States.
Conducted by independent teams of technical experts from a wide range of countries, the assessments compared the relevant domestic regulations with the Basel Committee's global standards. The assessment teams comprehensively reviewed the capital requirements set out in the Basel II, Basel 2.5 and Basel III accords. In the case of the European Union and the United States, the teams assessed draft regulations, which will be the subject of follow-up reviews once they are finalised.
view the Basel III regulatory consistency assessment (Level 2) Preliminary report:
European Union
Source: Source: BIS
Component Changes Made To Euro STOXX Select Dividend 30 Index
Due to a cancellation of its dividend payments, BCO POPULAR ESPAÑOL (ES, Banks, POP.MC) is no longer eligible
to be included in the index.
With the open of European markets on October 4, 2012 the following companies are being added to and deleted from
the EURO STOXX Select Dividend 30 Index:
Source: STOXX
STOXX Monthly Report-September 2012 In Review
For the month of August, the Asia, European, U.S. and global markets were up 2.37%, 0.85%, 0.37% and 0.82%, respectively. The full performance report follows:
Source: STOXX
OIC Announces Average Daily Options Trading Volume Declined 7 Percent in September
Total options trading for the month was 329,627,631 contracts, down 15.7 percent from the September 2011 volume of 391,246,939 contracts. September 2011 had two more trading days than September 2012.
Source: OIC
OCC Announces Average Daily Cleared Contract Volume Fell 6% In September
Total cleared contract volume reached 333,832,141 contracts for the month, representing a 15 percent decline from the September 2011 volume of 394,148,808 contracts. OCC's year-to-date total contract volume is down 14 percent with 3,058,201,355 contracts in 2012.
Options: Average daily options trading volume in September was 17,348,823 contracts, 7 percent lower than September 2011. Total options trading volume for the month reached 329,627,631 contracts, a 16 percent decline from September 2011, which had 2 more trading days. Year-to-date options trading volume is down 14 percent with 3,031,485,451 contracts.
Source: OCC
World Bank Online: Jobs are a cornerstone of development, says World Development Report 2013
The World Development Report 2013: Jobs stresses the role of strong private sector led growth in creating jobs and outlines how jobs that do the most for development can spur a virtuous cycle. The report finds that poverty falls as people work their way out of hardship and as jobs empower women to invest more in their children. Efficiency increases as workers get better at what they do, as more productive jobs appear, and as less productive ones disappear. Societies flourish as jobs foster diversity and provide alternatives to conflict. view the World Development Report 2013: Jobs
Source: World Bank
ETF assets rising, but some find the going tough
At the same time, however, more money managers are exiting, and entering, the arena.
Net inflows into U.S. exchange-traded funds totaled $130.9 billion in 2012 through Sept. 24, according to BlackRock (BLK) Inc. (BLK)
Source: Pensions & Investments
ETFS Precious Metals Weekly: Gold Price Hits All-Time High in Euros as Spain Paves Way for Bailout
What Will Drive the Next Leg of the Gold Bull Market? Since mid-July the gold price has rallied strongly, but remains 11% below the peak of USD$1900/oz. achieved in September 2011. European financial and economic turmoil continues to plague financial markets, yet officials have so far failed to find a comprehensive plan to solve the root causes of the crisis. Europe remains mired in deep recession, the US economy appears to have stalled, while Asian emerging market growth has slowed. In this environment most "safe haven" assets have performed well, with G-3 bond yields falling to all-time lows earlier this year. Prior to August, the stand-out exception was gold, which had performed relatively poorly in 2012. Gold's modest performance in an environment of high sovereign risk caused some investors to question its historic "store of value" credentials. In this note we look at some of the key factors that traditionally drive gold price performance, explain what has been behind the performance of the gold price so far this year, and assess the outlook and likely key catalysts for gold price performance for the rest of 2012 and into 2013. visit www.etfsecurities.com for more info
Source: ETF Securities
Global ETF sector in line for record year
Net new global inflows into ETFs and associated products reached $43.3bn in September, the highest since December 2008, according to data from BlackRock, the world’s largest money manager.
Source: FT.com
October 1, 2012--STOXX Limited,the market-moving provider of innovative, tradable and global index
concepts, today announced changes in composition of the EURO STOXX Select Dividend 30 Index which will
become effective October 4, 2012.
October 1, 2012--As of September 28, 2012 stock market indices in Europe, Asia, the U.S. and globally were up in September, according to global index provider STOXX Limited.
October 1, 2012--The Options Industry Council (OIC) announced today that 17,348,823 contracts were traded on average each day in September, a 6.9 percent decline from the 18,630,087 contract average in September 2011, and the highest average recorded since February.
Futures And Securities Lending Activity Jumped Higher
October 1, 2012--OCC announced average daily cleared contract volume in September was 17,570,113 contracts, a 6 percent decline from September 2011.
October 1, 2012--In developing countries, jobs are a cornerstone of development, with a pay off far beyond income alone. They are critical for reducing poverty, making cities work, and providing youth with alternatives to violence, says a new World Bank report.
Market a revolving door for managers despite big inflows
October 1, 2012--The ETF market is a confusing place at the moment.
ETF net inflows are on a pace to shatter the all-time inflow record set four years ago.
October 1, 2012--The gold price hit an all-time high of €1381/oz as Spain lays the ground for ECB bond buying
South Africa mine strikes continue to spread, affecting precious metals supply outlook
Key events to watch this week: focus on the central banks
September 30, 2012-- Investors are on course to put a record amount of money into exchange-traded funds this year after the investment vehicles attracted their third-highest monthly inflows on record in September.
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