DCGX Academy:: INDIAN RUPEE : INR Recovers 3.6%, as FII put in $3.8B, Volatility reduces to 8.9% ATM 1M
September 10, 2012--INDIAN RUPEE:INR Recovers 3.6%, as FII put in $3.8B, Volatility reduces to 8.9% ATM 1M
COMMODITIES
INR Recovers 3.6% , as FII put in $3.8B, Volatility reduces to 8.9% ATM 1M
Gold ETF at a record 2,474.117 metric tons on Sept. 7
Oil Trades Near One-Week High on Outlook for Economic Stimulus
Copper Advances to 17-Week High on China, U.S. Stimulus Bets
GOLD
Gold, trading near a six-month high,rose for a third day on opinion central banks from the U.S. to China will increase stimulus as economic data disappoints. Palladium rallied to the highest level in four months. Cash gold rose as much as 0.3 % to $1,740.05 an ounce, and was at $1,739.75 at 9:43 a.m. in Singapore. The metal gained to $1,741.70 on Sept. 7, the most expensive since Feb. 29, after U.S. jobs growth in August trailed estimates. Assets in gold-backed exchange-traded products expanded to a record 2,474.117 metric tons on Sept. 7,. The U.S. economy added 96,000 workers last month compared with 130,000 forecast by economists adding to opinion the Federal Reserve may announce more measures this week. Reports yesterday showed China's industrial output grew at the slowest pace in three years and President Hu Jintao said that economic expansion faces "notable downward pressure," signaling more stimulus efforts may be needed. December-delivery gold was little changed at $1,741 an ounce on the Comex after most-active prices climbed to $1,745.40 on Sept. 7. A gauge of indicators of market expectations for additional Fed stimulus rose to 99 % in August, the highest ever, according to Citigroup Inc.
Source: DGCX Academy
BlackRock ETP Landscape: Defensive Sentiment Propels Flows
September 10,2012--Industry Highlights- August 2012
Net flows in August double the level of August 2011, as investors continue to tap ETPs for enhanced portfolio flexibility and diversity:
In August, the global exchange-traded product (ETP) industry attracted net assets of $12.1 billion, more than twice the $5.3 billion collected in August 2011,
despite lower overall trading volume. As of month end, global ETP assets totaled $1.76 trillion, compared with $1.72 trillion at month-end July and $1.58 trillion at the end of August 2011.
During the month, ETP investors showed an increased interest in Gold and Volatility ETPs. With gold a natural beneficiary of a low interest rate environment, flows into Gold ETPs reached their highest level in 2012, with $3.6 billion in net flows. Volatility ETPs, which seek to deliver returns correlated to measures of market volatility, attracted nearly $1 billion.
Source: BlackRock Investment Institute
ETFS Precious Metals Weekly:Precious Metals Jump as Investors Anticipate QE3 as Soon as This Week
September 10, 2012--Gold hits 6-mth high of $1740/oz as weak Non-Farm Payrolls report increases chance of Fed stimulus
Platinum supply uncertainty continues with South African industry in disarray as workers break union ranks
Key events to watch this week: FOMC in focus.
Platinum in Focus on Continued South African Labour Activism
The geographical concentration of platinum and palladium in areas known for their political instability, unreliable infrastructure and labour problems has traditionally exposed production to significant disruptions, subjecting prices and producers' margins to substantial fluctuations over time. The recent strike action at South African platinum mines has lifted the platinum price, sending it well past $1,500 to its highest level since early May. Recent events highlight the vulnerability of the PGM industry to labour unrest and raises questions about the sustainability of PGM production in the longer term.
visit www.etfsecurities.com for more info
Source: ETF Securities
EPFR Global Fund Data News-Investors lose appetite for government bonds and emerging market equity funds ahead of ECB meeting
September 7, 2012--With the summer holidays largely behind and key European Central Bank and US Federal Reserve meeting ahead, investors spent the first five days of September chasing yield, re-positioning their fixed income allocations for a further round of quantitative easing in the US and responding to the latest export numbers from Asia.
Those numbers show exports to the European Union down some 15% year-on-year in July and, within the region, shipments to China off as much as 12% in the case of Japan.
Against this backdrop investors pulled more than $1 billion from government bond funds across all durations and EPFR Global-tracked Asia ex-Japan Equity Funds posted their biggest weekly outflows since late 4Q11. Redemptions from Taiwan and India Equity Funds hit their highest level in over a year and Japan Equity funds posted outflows for the third straight week.
Overall, all EPFR Global-tracked Equity Funds surrendered a net $9.9 billion during the week ending Sept. 5, with Emerging Markets Equity Funds accounting for $1.8 billion of that total, while Bond Funds absorbed $3.19 billion and Money Market Funds $4.6 billion.
Visit http://www.epfr.com for more info
Source: EPFR Global
EPFR Global Fund Data-Investors lose appetite for government bonds and emerging market equity funds ahead of ECB meeting
September 7, 2012--With the summer holidays largely behind and key European Central Bank and US Federal Reserve meeting ahead, investors spent the first five days of September chasing yield, re-positioning their fixed income allocations for a further round of quantitative easing in the US and responding to the latest export numbers from Asia.
Those numbers show exports to the European Union down some 15% year-on-year in July and, within the region, shipments to China off as much as 12% in the case of Japan.
Against this backdrop investors pulled more than $1 billion from government bond funds across all durations and EPFR Global-tracked Asia ex-Japan Equity Funds posted their biggest weekly outflows since late 4Q11. Redemptions from Taiwan and India Equity Funds hit their highest level in over a year and Japan Equity funds posted outflows for the third straight week.
Overall, all EPFR Global-tracked Equity Funds surrendered a net $9.9 billion during the week ending Sept. 5, with Emerging Markets Equity Funds accounting for $1.8 billion of that total, while Bond Funds absorbed $3.19 billion and Money Market Funds $4.6 billion.
Visit http://www.epfr.com for more info
Source: EPFR Global
SGX, Turkish bourse IMKB sign MOU
September 6, 2012--Ístanbul Menkul Kıymetler Borsası (IMKB) and Singapore Exchange (SGX) today entered into a Memorandum of Understanding, to foster mutual cooperation towards the development of both exchanges and their respective markets.
The MOU aims to foster closer collaboration in areas such as promoting investment opportunities for market participants on both markets, as well as sharing of knowledge, information and best practices.
Source: The Edge Singapore
Brodsky At CBOE Risk Management European Conference: Announces Plans For 24-Hour VIX Futures Trading And CFE London Hub
September 6, 2012--CBOE Futures Exchange, LLC (CFE) plans to expand trading hours for CBOE Volatility Index (VIX Index) futures to virtually 24 hours from eight hours beginning sometime in 2013, CBOE Holdings Chairman and CEO William J. Brodsky announced today at the CBOE Risk Management Conference Europe near Dublin, Ireland.
VIX Index futures will be the first contract traded on a CBOE Holdings exchange with around-the-clock access, five days a week, pending regulatory approval.
CFE also plans to establish a London hub next year, with CFE network equipment housed in a London data center. The hub will provide European firms with a cost-efficient way to send and receive CFE data and to execute trades on the exchange.
Source: CBOE
Dow Jones Islamic Market Titans 100 Index Finished Up 1.82% In August- Index Measures Performance Of 100 Of World's Leading Shari'ah-Compliant Stocks
Dow Jones Islamic Market Asia/Pacific Titans 25 Index Lose 1.52% -Dow Jones Islamic Market Europe Titans 25 Index, Dow Jones Islamic Market U.S. Titans 50 Index End August In Positive Territory
September 6, 2012--The Dow Jones Islamic Market Titans 100 Index finished August up 1.82%, according to data compiled by S&P Dow Jones Indices. The index measures the performance of 100 of the world's leading Shari'ah-compliant stocks.
The Dow Jones Global Titans 50 Index,which measures the world's 50 largest companies, posted an August gain of 1.89%.
Regionally, the Dow Jones Islamic Market Asia/Pacific Titans 25 Index, which measures the performance of 25 of the leading Shari’ah-compliant stocks in the Asia/Pacific region, decreased 1.52% in August; the Dow Jones Asian Titans 50 Index decreased 1.65%.
Source: Mondovisione
Dow Jones-UBS Commodity Indexes-August 2012 Performance Report
September 6, 2012--The Dow Jones-UBS Commodity Index was up 1.29% for the month of August. The Dow Jones-UBS Single Commodity Indexes for unleaded gas, orange juice and silver had the strongest gains with month-end returns of 13.62%, 13.35% and 12.31%, respectively.
The three most significant downside performing single commodity indexes were natural gas, sugar and lean hogs, which ended the month down 14.44%, 12.63 %, and 7.63% respectively.
Year to date, the Dow Jones-UBS Commodity Index is up 3.80% with the Dow Jones-UBS Soybean Meal Subindex posting the highest gain of 85.62% so far in 2012. Dow Jones-UBS Coffee Subindex has the most significant downside YTD performance, down 30.81%.
Source: Mondovisione
NASDAQ OMX August 2012 Volumes
September 6, 2012--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today reported monthly volumes for August 2012 on its investor relations website.
A data sheet showing the monthly volumes for can be found at: http://ir.nasdaqomx.com/monthly-reporting/
Source: NASDAQ OMX