Global ETF News Older than One Year
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
ETF Securities- Research Update-What Will Drive the Next Leg of the Gold Bull Market?
September 6, 2012--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
Economy: European recession slowing global economy, says OECD
September 6, 2012--The global economy is slowing, with key European countries entering a recession that is now having an impact worldwide, the OECD said in its latest Interim Economic Assessment.
The Assessment, presented in Paris by Chief Economist Pier Carlo Padoan, says that the G7 economies are expected to grow at an annualised rate of just 0.3 percent in the third quarter of 2012 and 1.1 percent in the fourth. It warns that the continuing euro area crisis is dampening global confidence, weakening trade and employment and slowing economic growth for OECD and non-OECD countries alike (See the Chief Economist’s presentation).
“Our forecast shows that the economic outlook has weakened significantly since last spring,” Mr Padoan said. “The slowdown will persist if leaders fail to address the main cause of this deterioration, which is the continuing crisis in the euro area.”
view the OECD What is the near-term global economic outlook?- An interim assessment
Source: OECD
BATS Global Markets Achieves New U.S. Equities Market Share Record-12.8%; Sets Numerous European Records
U.S. Options Market Share at 3.7%; BATS Chi-X Europe Remains Largest Pan-European Market
September 6, 2012--BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today reported August U.S. equities market share of 12.8%, the best monthly market share performance in the company's six-year history.
Much of the growth was driven by the company's BYX Exchange, which set a monthly market share record of 3.7% less than two years since its October 2010 inception.
"Our strong momentum continued in August with the best U.S. equities monthly market share performance in our six-year history," said President and Chief Executive Joe Ratterman. "We also witnessed further success in our options business and new record market share in Copenhagen, Frankfurt and Vienna.
Source: BATS Global Markets
Macro Matters-Focus on Macroeconomic Indicators and Potential Stimulus
September 5, 2012--China
Stock markets dropped for four straight weeks.
Hong Kong and Chinese stock markets both dropped for four weeks.
After China's disappointing HSBC preliminary PMI data, market was hit again as profits of major industrial firms or those with annual revenues slipped. In addition, market dropped after PBoC surveyed demand for a new long-term money market instrument, suggesting it remained reluctant to resort to blunter policy measures such as reducing bank reserve requirements.
India
Market slipped on economic growth concerns.
Indian market trended lower last week on worries over economic growth. Concerns over economic outlook weighed down markets as a mix of slow growth, sticky inflation and delayed policy reforms remain as main risk of India.
Gross Domestic Product (GDP) for the April-June quarter grew at better-than-expected 5.5%, after eight successive quarters of declining growth. However, the slight improvement in the figure failed to enthuse the market.
Brazil
Central Bank cut Selic Rate for ninth time.
The Brazilian Central Bank (BCB) cut the Selic rate by 50 bps during its August Copom Meeting, to 7.50%. The rate cut decision was expected by most of the market economists.
In fact, there were no surprises because the Brazilian Monetary Authority changed its post meeting communique to a more “parsimonious” version.
Russia
Focus on the economic activity data and potential stimulus.
After uneventful speech by Fed Chairman Bernanke’s at Jackson Hole, markets will continue to pay attention to economic activity data and potential stimulus.
Though no concrete measures have yet been implemented, the Fed remains ready to act in the event of a continued stagnation in economic data, with QE3 the most likely option, via large scale bond purchases
Source: Mirae Asset Financial Group
DCGX Academy:DAWN : US enemployment>8%,43M, US/EU manu falls, China PMI falls, INR falls 17.7% Gold duty 7.5%
September 5, 2012-COMMODITIES
Bullion Industry Says India May Raise Import Tax to Cut Deficit
Gold Drops From Five-Month High Before ECB Meeting; Silver Falls
Oil Trades Near Lowest in a Week as U.S. Manufacturing Contracts
Gold Holdings Signal Prices Surging to $1,900:
INDIA may raise GOLD DUTY to 7.5 to rein in fiscal deficit
GOLD
Gold declined for the first time in four days as a rally to the highest level in more than five months prompted sales before the ECB meet. , Spot Gold lost 0.3 % and was at $1,690.40 , trading at $1,692.57 in Asian Hours . Gold reached $1,699.05 yesterday, the most expensive since March 13. Gold also fell as the euro weakened against the USD for a second day before data forecast to show retail sales declined and services contracted in the euro area.
Forecast : U.S. payrolls grew at a slower pace last month and unemployment exceeded 8 % for a 43rd month,. Gold almost doubled from December 2008 to June 2011 after the Fed bought $2.3 trillion of debt in two rounds of quantitative easing.
Source: DGCX Academy
