Global ETF News Older than One Year
Barclays picks new chairman to steer bank amid Libor crisis
August 9, 2012--Barclays on Thursday said industry veteran David Walker would become its new chairman from November, succeeding Marcus Agius who resigned over the Libor rate-rigging scandal that has rocked the British bank.
A statement said "Sir David Walker has been appointed as a non-executive director of Barclays with effect from 1 September 2012 and will succeed Marcus Agius as chairman of Barclays with effect from 1 November 2012."
Source: AFP
BlackRock New Report: ETP Landscape Industry Highlights, July 2012
August 9, 2012--Industry Highlights - July 2012
Investors in exchange traded products (ETPs) embraced equities in July
Global ETPs attracted total inflows of $22.6 billion in July. ETP investors embraced equities, adding $21.0 billion, primarily in US exposures.
Ultra-low interest rates and speculation about monetary easing by the European Central Bank encouraged risk appetite. US Large Cap products attracted $6.9 billion while more economically sensitive US Small Cap inflows reached a nine-month high of $2.3 billion.
Equity Income strategies remained a major draw for ETP investors. High-Dividend Yield, Real Estate and Preferred Stock ETPs generated a combined $3.1 billion in July. Investor use of higher-yielding Equity ETPs in their search for above average returns has supported year-to-date inflows of $21.0 billion into the category - 48% above last year’s comparable seven-month total of $14.2 billion..
Source: BlackRock
Do Bans on Short Selling Work? See for Yourself
One look at a chart--and the answer is clear
August 9, 2012--When panic and fear grip the market, the authorities try their best to stop the bleeding.
Their go-to move is to ban short selling of stocks-a popular speculation method practiced by traders who believe stocks should fall further.
You may remember, for example, that in September 2008, the U.S. Securities and Exchange Commission banned short sales of banking stocks, "to protect the integrity and quality of the securities market and strengthen investor confidence." (sec.gov) So did the British regulators.
Source: Elliott Wave
DCGX Academy:CHINA : Inflation drops substantially, assets up on monetary easing hopes.
August 9, 2012--HIGHLIGHTS-COMMODITIES
Gold rises as China Inflation reduces : Stimulus expectations
Oil Volatile on China and US data
Copper Rises as China Inflation reduces: Stimulus expectations
INR-INR Rises in line with Asians
INR up 4% to 55.183 , Technically INR support seen at 55.11 and resistance at 55.56. INR in opening trade up 32 paise to 55.10 on USD weakness.There was buzz that exporters were selling USD also supported by stronger opening in stocks . Yesterday INR closed down 35 paise at 55.42 inspite of opening stronger , 1M Volatility on the INR remained at 10.4% , 10Y at 8.14% , A weak monsoon may not let the policy makers reduce the deficit which is seen as a major negative for the INR , IIP data ke7 , forecast at 0.4% Vs. 2.8% Y/Y
GOLD-Gold up as China Inflation reduces : Stimulus expectations
Spot Gold up 0.3 % at $1,616.45 and was trading at $1,615.93 in Asian hours , December futures rose 0.2 % to $1,618.50. CPI rose 1.8 % from a year earlier, the lowest rate since January 2010, while producer prices fell 2.9 %, the fifth straight drop, said the National Bureau of Statistics. Weekly U.S. jobless claims rose to 370,000 from 365,000, according to a survey .
Source: DGCX Academy
NYSE Euronext Announces Trading Volumes for July 2012
Trading Volumes Decline Year-Over-Year on Lower Volatility
August 9, 2012--NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for July 2012[1]. Trading volumes in July 2012 were down year-over-year and month-over-month across all primary trading venues.
Highlights
NYSE Euronext global derivatives ADV in July 2012 of 7.0 million contracts decreased 12.0% compared to July 2011 and decreased 15.8% from June 2012 levels.
NYSE Euronext European derivatives products ADV in July 2012 of 3.5 million contracts decreased 6.8% compared to July 2011 and decreased 24.7% from June 2012. Excluding Bclear, NYSE Liffe's trade administration and clearing service for OTC products, European derivatives products ADV decreased 9.9% compared to July 2011 and decreased 8.5% from June 2012 levels.
NYSE Euronext U.S. equity options ADV of 3.5 million contracts in July 2012 decreased 15.8% compared to July 2011 levels and decreased 3.8% from June 2012. NYSE Euronext’s U.S. options exchanges accounted for 25.9% of total U.S. consolidated equity options trading in July 2012, up from 25.8% in July 2011 and up from 25.6% in June 2012.
NYSE Liffe U.S. ADV of approximately 53,400 contracts decreased from 101,300 contracts in July 2011 and decreased from 90,900 contracts in June 2012. NYSE Euronext European cash products ADV of 1.5 million transactions in July 2012 decreased 10.8% compared to July 2011 and decreased 12.3% from June 2012 levels.
Source: NYSE Euronext
Macro Matters-Eurozone Issues Continue to Overshadow Global Economy
August 8, 2012--China
Cut in transaction fee boosts investor sentiment.
Despite no immediate stimulus policy was announced by central banks of Europe, China and US, Chinese stock market rose the most in five weeks, cut in transaction fees on share trading.
According to China Securities Regulatory Commission, the cut in transaction is would save investors US$94 million in the next four remaining months. The fee cut is expected to boost investor sentiment.
India
Markets disappointed by news from Europe.
The Indian stock market has experienced a turbulent week, mainly due to speculations around central banks’ measure.
The SENSEX rallied early last week with investors expecting global central banks to take measures to support growth. However, due to disappointing news from Europe and the US, the Indian market lost most of its weekly gain on last Friday.
Brazil
Auto sector: beneficiary of the stimulus package.
Last week markets saw slight correction after a rally on expectations of additional liquidity expansion.
The Brazilian Industrial Production presented weak performance in the first half of this year, with just two positive figures in February (1.2% month-on-month) and this June.
Russia
Better-than-expected GDP growth figures attract investors.
After a volatile month, equity markets rallied in the last week of July as policymakers around the globe pledged to defend the single currency euro.
Emerging markets slightly outperformed developed markets, gaining 1.3%, backed by rising commodity prices. Within emerging markets, Russia outperformed other countries.
Investors were attracted by Russia’s unexpected GDP growth of 4.9% in 1Q12, higher than other emerging countries. Consumption was also stronger- than- expected and 12% rally in oil price further supported the market.
Source: Source: Mirae Asset Financial Group
London, Singapore ripe for RMB ETFs
August 8, 2012--Offshore renminbi exchange traded funds are bound to proliferate, and not only in Hong Kong, Cerulli Associates predicts.
Currently, the market is limited to Hong Kong units of mainland managers, but Cerulli says in a new report that China’s dreams of internationalising the renminbi dictate inclusion of foreign managers beyond Hong Kong, likely starting with dim sum ETFs, or ETFs denominated and settled in renminbi.
Source: FT.com
DCGX Academy: US STIMULUS: No Immediate Steps but expresses concern : Brent up 7% on Month, WTI up 3%
August 8, 2012--August 8, 2012--HIGHLIGHTS
COMMODITIES
Oil Drops From Two-Month High in New York as U.S. Demand Slides
Copper Falls First Time in Four Days Amid China Slowdown Concern
CURRENCIES
USD Rises as no Stimulus see Immediately
INR Forecasts Cut on weak Monsoon - Growth at Risk
Job Openings in U.S. Rose in June to Four-Year High:
Fed's Rosengren Says 'Open-Ended' Easing Is Needed for Jobs
Pound Strengthens After Industrial Output Report; Gilts Decline
Asian Currencies Fluctuate Before Chinese Data, Policy Meetingsrequest more info
Source: DGCX Academy
FTSE announces changes to FTSE Italia Index Series
August 8, 2012--FTSE says the FTSE Italia Series, which includes the FTSE MIB, will be changed to use actual free float, rounded up to the nex 1%.
FTSE was the first index provider to introduce the principle of free float adjustments to its equity indices in 2000. Free float reduces a company’s weight in an index to take account of restricted holdings of the company’s shares, which are not freely available for market trading. Adjustment for restricted holdings provides a better representation of the investable universe since market turnover (and the liquidity of individual company securities) is closely related to the number of shares held by portfolio investors. The change will come into effect on September 24th this year.
Source: FTSE
Thomson Reuters Global Equities Monthly Market Share Data Reports-July 2012
August 7, 2012--Trading is fragmenting between exchanges and competing venues. But by how much and which venues? Find out in the summarised monthly reports.
Source: Thomson Reuters
