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ECB says national central banks have flexibility on quantitative easing bond loans
April 2, 2015--The ECB laid out plans on Thursday to make bonds bought in its 1 trillion-euro stimulus programme available for borrowing, but said national central banks would have some flexibility in how they applied them.
As part of a plan to keep its 1 1/2-year quantitative easing plan from distorting bond markets, the ECB set out a 'securities lending' framework that will initially see itself and eight of the 19 national euro zone central banks lending bonds.
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Source: Reuters
OECD-France must continue its reform process to boost growth and jobs
April 2, 2015--France has begun implementing a series of important pro-growth structural policy measures, but boosting medium-term growth will require more ambitious action to reform the labour market, curb high levels of public spending and taxation and create jobs, according to the latest OECD Economic Survey of France.
The Survey, presented in Paris by OECD Secretary-General Angel Gurría and French Minister of Finance and Public Accounts Michel Sapin, points out that France’s annual per capita GDP growth has been below the OECD average for the better part of two decades and unemployment has been well above the OECD average.
view the Overview of the Economic Survey of France
Source: OECD
HM Treasury-Statistics-national statistics: GDP deflators at market prices, and money GDP: March 2015
April 2, 2015--HM Treasury Statistics-national statistics: GDP deflators at market prices, and money GDP: March 2015(Quarterly National Accounts)is now available.
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Source: HM Treasury
Top ECB official sceptical about bond purchases: report
April 2, 2015--One of the members of the European Central Bank's executive board, Sabine Lautenschlaeger, expressed doubt Thursday that the ECB's controversial bond purchase programme will have the desired effect.
"Given the current low level of interest rates in the Eurozone, I have doubts whether the economic effects of the purchase programme will reach the desired magnitude," Lautenschlaeger told the weekly magazine WirtschaftsWoche in an interview.
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Source: EUbusiness
Boerse Stuttgart generates turnover of around EUR 10.9 billion in March
April 2, 2015--Highest trading volume since August 2011/Record turnover from trading in equities and exchange-traded products
According to its order book statistics, turnover at Boerse Stuttgart amounted to around EUR 10.9 billion in March 2015. The trading volume was higher than in any month since August 011. Turnover was up around 27 percent in comparison with February, and more than 33 percent year-on-year.
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Source: Boerse Stuttgart
IMF-Russia Economic Report 33: The Dawn of a New Economic Era?
April 1, 2015--The World Bank projects a negative growth outlook for Russia in 2015-2016, with the economy expected to contract by 3.8 percent in 2015 and modestly decline by 0.3 percent in 2016.
Investment is projected to contract for a second year in a row as the Russian government is delaying some large infrastructure projects and private investors are cutting back on investment programs, while capital remains expensive and demand uncertain, according to the World Bank's latest Russia Economic Report, launched today in Moscow.
view the Russia Economic Report 33: The Dawn of a New Economic Era?
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Source: IMF
Turnover at Deutsche Borse's cash markets at 162.6 billion euros in March
April 1, 2015--Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €162.6 billion in March (March 2014: €120.2 billion).
Of the €162.6 billion, €146.8 billion were attributable to Xetra (March 2014: €110.1 billion). The average daily turnover on Xetra stood at €6.7 billion in March (March 2014: €5.2 billion).
A turnover of €6.8 billion was attributable to Börse Frankfurt (March 2014: €5.1 billion). Order book turnover on Tradegate Exchange* totalled approximately €9.1 billion in March (March 2014: €5.0 billion).
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Source: Deutsche Börse
A guide to the FCA's new benchmark regulation powers
April 1, 2015-The UK's markets regulator on Wednesday assumes formal oversight of seven more benchmarks, adding to its existing supervision of the
adding to its existing supervision of the London Interbank Offered Rate.
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Source: Financial News
EU lawmakers broaden commodities waiver in benchmarks bill
March 31, 2015--Securities market indexes, oil-price reports and other commodity indicators won wider exemptions from draft EU rules on financial benchmarks in a European Parliament committee vote today.
The initiative aims to introduce binding codes of conduct for interest-rate benchmarks such as the London Interbank Offered Rate and Euribor.
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Source: www.mlexfs-core.com
Eurex Margin Call Said to Be Behind DuessHyp's Collapse
March 31, 2015--The near-collapse of Duesseldorfer Hypothekenbank AG, the German lender hit by Heta Asset Resolution AG's debt moratorium, was prompted in part by a margin call from Eurex, people familiar with the matter said.
Eurex, Europe's largest derivatives market, asked DuessHyp to post additional collateral as the German bank faced writing down its 348 million euros ($375 million) of bonds issued by Austria's Heta, said the people.
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Source: Bloomberg
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