Global ETF News Older than One Year
Preliminary Report: A Monthly Report From Dow Jones Indexes On The Performance Of U.S., European, Asia And Other Global Stock Market Indexes
March 30, 2011--Dow Jones Industrial Average Posts 0.23% Loss In March, European Stocks Lose 1.36%, Asia Falls 5.31% And World Equities Fall By 1.95% - Oil & Gas Sector Posts Biggest Gain For March In Asia - Utilities Sector Takes The Hardest Hit For March In Asia & Worldwide
As of March 28, the Dow Jones Industrial Average fell 0.23% in March, closing at 12197.88. Stock market indexes in Europe
Asia and globally were down in March, according to preliminary monthly figures from global index provider, Dow Jones Indexes
Source: Mondovisione
March 2011 “Islamic Market’s Measure” Preliminary Report: Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes
March 30, 2011--Based on the close of trading on March 29 the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, dropped 1.22% month-to-date, closing at 2313.44.
In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of 1.80%, closing at 184.04.
Source: Mondovisione
OECD annual inflation accelerates to 2.4% in February 2011
March 30, 2011--Consumer prices in the OECD area rose by 2.4% in the year to February 2011, compared with 2.2% in January – the highest rate since October 2008.
This increase was again driven by food and energy inflation which accelerated to 3.0% and 10.1% respectively in February, compared with 2.6% and 8.4% in January.
Excluding food and energy, the annual inflation rate was stable at 1.3 % in February 2011.
Source: OECD
Our future: A golden age for natural gas?
IEA analysis looks at the rapid growth in supply of 'unconventional' gas and liquefied natural gas
March 29, 2011-Back in 2006, a handful of energy experts met on the fringes of the World Gas Conference to discuss the challenges of increasing output of 'unconventional' gas. Three years later the same subject was discussed at the same event, but this time the speakers found themselves at the heart of the conference and with a capacity crowd to contend with.
This transition of interest in ‘unconventional’ sources of gas, which are trapped deep underground by impermeable rocks, such as coal, sandstone and shale, is the result of recent astonishing growth in production in the US – mainly (but by no means exclusively) from shale deposits – where output has trebled between 2007 and 2010. The knock-on effect of this discovery has rippled throughout the world, with other countries, such as Australia, Canada, China and Poland investigating and developing their own resources.
The International Energy Agency (IEA) estimates that global recoverable gas resources, which will last around 130 years based on current consumption rates, could double if the potential of ‘unconventional’ gas is realised.
Source: International Energy Agency (IEA)
IMF queries derivatives reform effectiveness
March 29, 2011--New regulations aiming to reform the vast derivatives markets may fail to remove systemic risks or prevent the need for another taxpayer bail-out of the financial system, according to a research paper published by the International Monetary Fund.
The reforms, which shift derivatives to clearing houses in an effort to dilute the impact of a default of a large dealer, could result in more risks for the financial system and alternative policies such as a tax on banks’ derivatives liabilities should be considered, the IMF paper said.
Source: FT.com
March 2011 Commentary And Report - Dow Jones-UBS Commodity Indexes: Up Slightly As Focus Centers On Geopolitical Issues, Technical Factors
March 28, 2011--The Dow Jones-UBS Commodity Index was up 1.56% for the month of March. The Dow Jones-UBS Single Commodity Indexes for Silver, Natural Gas and Cotton had the strongest gains with month-to-date returns of 9.55%, 9.25%, and 6.93%, respectively.
The three most significant downside performing single commodity indexes were Cocoa, Wheat and Orange Juice, which were down 12.26%, 10.25%, and 6.99% respectively, in March.
Source: Mondovisione
BlackRock * New Report * ETF Landscape: Global Handbook - Q1 2011
Source: Global ETF Research & Implementation Strategy Team, BlackRock
Fitch Ratings Sovereign 2010 Transition and Default Study
Meanwhile, a significant share of emerging economies experienced strong growth, resulting in
emerging market sovereign downgrades tumbling to 4.3% from 15.9% in 2009 and
emerging market upgrades climbing to 15.7% from a modest 2.9% in 2009. In contrast, developed market sovereign downgrades increased year over year to 16.1%, up from 9.7%, and only one upgrade was recorded, a slight rise from zero in the prior year. The epicentre of the global financial crisis was the U.S. and the U.K., and public finances in both continued to deteriorate in 2010, but it was sovereign creditworthiness
of Euro Area member states that was subject to the greatest market scrutiny and financing pressures. The ‘peripheral countries’ ? Greece, Ireland, Portugal and Spain
? all suffered sovereign rating downgrades, with some sovereigns sustaining multiple
downgrades while remaining on Negative Outlook. Conversely, robust economic growth and improving fiscal and external balance sheets underpinned positive rating actions for
emerging market sovereigns. Latin America and emerging Europe exhibited the strongest positive rating momentum in 2010, with upward pressure on sovereign ratings
also apparent in emerging Asia.
Source: Fitch Ratings
Recovery marches on, prices soar in Europe
The euro zone’s dominant service sector accelerated and while its factories saw solid but slower growth, their Chinese counterparts stepped up a gear, Purchasing Managers’ Indexes compiled by Markit found. News from the United States was somewhat disappointing, with orders for long-lasting manufactured goods unexpectedly fell in February and business spending plans declined for a second straight month. However, economists cautioned against reading too much into the report, which tends to be very volatile and was in stark contrast with surveys showing strong factory activity. The euro zone’s composite PMI, a broad survey of the private sector conducted largely before a massive earthquake and tsunami devastated Japan, dipped only slightly from February’s near five-year high to 57.5.
Source: Todays Zaman
Making OTC Derivatives Safe - A Fresh Look
The present regulatory and reform efforts may not remove the systemic risk from OTC derivatives but rather shift them from banks to CCPs. Under the present regulatory overhaul, the OTC derivative market could become more fragmented. Furthermore, another taxpayer bailout cannot be ruled out. A reexamination of the two key issues of (i) the interoperability of CCPs, and (ii) the cost of moving to CCPs with access to central bank funding, indicates that the proposed changes may not provide the best solution. The paper suggests that a tax on derivative liabilities could make the OTC derivatives market safer, particularly in the transition to a stable clearing infrastructure. It also suggests reconsideration of a "public utility" model for the OTC market infrastructure. view IMF Working Paper-Making OTC Derivatives Safe?A Fresh Look
Source: IMF
March 28, 2011--ETF Landscape: Global handbook - Q1 2011 is a comprehensive directory of all 3,649 Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) with 7,610 listings, assets of US$1,542.7 Bn from 174 providers on 52 exchanges around the world.
March 28, 2011--Summary
The narrative surrounding sovereign credit trends in 2010 was mixed. Developed market economies continued to struggle with a slow-moving recovery, financial sector concerns,
and mounting debt. In the Euro Area, these pressures drove several countries to appeal to other, more fiscally sound member states for financial support.
March 26, 2011--The global economic recovery marched on this month, shrugging off a devastating earthquake and tsunami in Japan, but Middle East turmoil is pushing prices higher, business surveys showed on Thursday.
March 25, 2011--Summary:
Recent regulatory efforts, especially in the U.S. and Europe, are aimed at reducing moral hazard so that the next financial crisis is not bailed out by tax payers. This paper looks at the possibility that central counterparties (CCPs) may be too-big-to-fail entities in the making.
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