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US urges China to allow yuan rise
May 3, 2012--US Treasury Secretary Timothy Geithner on Thursday urged China to allow its currency to strengthen further and push forward economic reforms, which he said were crucial to the global recovery.
But his comments at the start of two-day talks between the world's two biggest economies were overshadowed by a human rights row that has threatened already strained relations.
US officials have long accused Beijing of keeping the value of the yuan artificially low to boost exports, leading to a massive Chinese trade surplus with the United States.
Global ETF assets to exceed $3.8tn by 2016
May 2, 2012--Assets held in exchange traded funds globally will exceed $3.8tn by 2016, according to a new report by Cerulli Associates.
The report predicts growth will be fuelled by a greater appetite for passive investing, increased adoption of ETFs by financial advisers and advances in ETF education.
Dow Jones-UBS Commodity Indexes April 2012 Performance Report
May 2, 2012--The Dow Jones-UBS Commodity Index, was down 0.43% for the month of April. The Dow Jones-UBS Single Commodity Indexes for soybean meal, soybean and lead had the strongest gains with month-end returns of 11.46%, 7.09% and 5.63%, respectively.
The three most significant downside performing single commodity indexes were orange juice, sugar and lean hogs, which ended the month down 13.99%, 11.95%, and 4.95% respectively.
Year to date, the Dow Jones-UBS Commodity Index is up 0.43% with the Dow Jones-UBS Soybean Meal Sub-Index posting the highest gain of 37.37% so far in 2012. Dow Jones-UBS Natural Gas Sub-Index has the most significant downside YTD performance, down 36.73%.
The Europe Dow Closes April Down 4.14% According To Dow Jones Indexes - Novo Nordisk Topped All 30 Europe Dow Components With 6.66% Gain For The Month
May 2, 2012--The Europe Dow, an equal-weighted index that measures 30 of the region's leading blue-chip stocks, declined 4.14% in April, according to data compiled by Dow Jones Indexes, a leading global index provider.
The index’s top component performer for April was Novo Nordisk A/S Series B of Denmark, which closed up 6.66%. Shares of Diageo PLC (Great Britain) and GlaxoSmithKline PLC (Great Britain), up 4.91% and 3.71%, respectively, were the second- and third-leading stocks on The Europe Dow. UniCredit S.p.A. (Italy), which fell 20.46%, was The Europe Dow’s worst-performing stock in April.
By comparison, the Dow Jones Industrial Average ended April up 0.01%, The Asia Dow fell 1.09% and The Global Dow loss 2.93%. The Asia Dow is an equal-weighted, 30-stock index that measures leading blue-chips traded in the Asia/Pacific region; The Global Dow measures the performance of 150 leading companies from around the world.
The Asia Dow Finished April Down 1.09% According To Dow Jones Indexes -14 Of The Asia Dow's 30 Component Stocks Closed Month In Positive Territory - Hyundai Motor Co. Topped All With 15.53% Gain For April
May 2, 2012--The Asia Dow, an equal-weighted, 30-stock index that measures 30 of the leading blue-chip stocks traded in the Asia/Pacific region, dropped 1.09% in April, according to data compiled by Dow Jones Indexes, a leading global index provider.
Fourteen of The Asia Dow’s 30 component stocks closed the month in positive territory.
The index’s top performer for April was Hyundai Motor Co. Ltd. of South Korea, which closed up 15.53%. Shares of Samsung Electronics Co. Ltd. (South Korea) and PetroChina Co. Ltd. (China), up 9.30% and 7.19%, respectively, were the second- and third-leading stocks on The Asia Dow. Sony Corp. (Japan), which fell 20.40%, was The Asia Dow’s worst-performing stock in April.
By comparison, the Dow Jones Industrial Average ended April up 0.01%. The Europe Dow fell 4.14% and The Global Dow dropped 2.93%. The Europe Dow is an equal-weighted index that measures 30 of the continent’s leading blue-chip stocks; The Global Dow measures the performance of 150 leading companies from around the world.