Five theme-based ETFs from Fidelity on Xetra for the first time: clean energy, mobility, telemedicine, cloud computing and metaverse
September 6, 2022--Five theme-oriented exchange-traded funds issued by Fidelity have been tradable for the first time on Xetra and via the trading venue Börse Frankfurt.
With the five ETFs, investors can invest in a global universe of companies that cover different thematic focuses and fulfil ESG criteria.
The Clean Energy theme focuses on technologies and equipment that contribute to energy production from solar, wind, hydrogen, and other renewable sources.
Vehicles and Future Transportation deals with future mobility such as the production of electric vehicles, lithium batteries, charging stations as well as power supply devices, sensors, and GPS.
Digital Health focuses on health data management, connected health equipment, surgical robotics, telemedicine and other technology-enabled health products and services.
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Source: Xetra
Deutsche Boerse welcomes AXA IM as new ETF issuer on Xetra
September 6, 2022--Actively managed ETF with focus on biodiversity
Since Tuesday, AXA Investment Managers' first exchange-traded fund is tradable on Xetra and via the trading venue Börse Frankfurt.
The AXA IM ACT Biodiversity Equity UCITS ETF offers investors access to an actively managed portfolio of global exchange traded companies focused on biodiversity protection.
The investment focus is on selecting companies with attractive fundamentals that seek to provide solutions for the protection of land and water, fauna and flora, and sustainable consumption.
The fund aims to promote the United Nations Sustainable Development Goals (SDGs), with a focus on clean water and sanitation, sustainable consumption, life under water and life on land.
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Source: Xetra
Research: UK official holdings of international reserves: August 2022
September 5, 2022--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: gov.uk
Austria: 2022 Article IV Consultation-Press Release; Staff Report
September 2, 2022--Summary:
Austria is highly vulnerable to spillovers from the war in Ukraine given its high dependence on energy imports from Russia, deep integration into global value chains, and large banking exposures.
After high growth in the first half of 2022, growth is projected to fall sharply through 2023 due to impact of the war and the related energy crisis. Over the medium term, annual growth is projected to stabilize around 1¾ percent. However, output will remain below the pre-crisis trend. Uncertainty is extraordinarily high with significant downside risks.
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Source: IMF.org
New equity index ETFs from Xtrackers on Xetra: climate-friendly investments according to EU PAB standards with focus on Europe, Japan, and the USA
September 1, 2022--Since Thursday, three new exchange-traded funds issued by Xtrackers have been tradable on Xetra and via Börse Frankfurt.
The three new ETFs offer investors access to companies from the Solactive ISS ESG Net Zero Pathway index family.
The benchmark indices focus on large and medium-sized companies, which are selected and weighted according to their contribution to compliance with the EU Paris-aligned Benchmark (EU PAB) standards and the net zero economy.
The aim of EU PAB indices is to redistribute capital towards a low-carbon and climate-resilient global economy. Compared to the main index, the aim is to achieve a 50 per cent reduction in greenhouse gas emissions in the first year and a 7 per cent annual reduction thereafter.
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Source: Xetra
Russian war adds uncertainty and volatility to EU financial markets
September 1, 2022--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, today publishes the second Trends, Risks and Vulnerabilities (TRV) Report of 2022. The Russian war on Ukraine against a backdrop of already-increasing inflation has profoundly impacted the risk environment of EU financial markets, with overall risks to ESMA's remit remaining at its highest level.
In the first half of 2022 financial markets saw faltering recoveries, increasing volatility and likelihood of market corrections. Separately, crypto-markets saw large falls in value and the collapse of an algorithmic stablecoin, highlighting again the very high-risk nature of the sector.
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Source: ESMA
ECB-Meeting of 20-21 July 2022
August 26, 2022--Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 20-21 July 2022
1. Review of financial, economic and monetary developments and policy options-Financial market developments
Ms Schnabel reviewed the latest financial market developments, noting that the narrative had shifted since the Governing Council's previous monetary policy meeting in early June 2022.
Weaker than expected incoming data on the global economy and concerns about disruptions to gas supplies, in combination with further higher than expected inflation outcomes, had turned investors’ focus towards a possible "stagflationary" scenario. In this environment, the volatility of short-term interest rate expectations stood at a historical high.
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Source: ECB
ECB-Monetary developments in the euro area: July 2022
August 26, 2022--Annual growth rate of broad monetary aggregate M3 decreased to 5.5% in July 2022 from 5.7% in June
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 6.7% in July from 7.2% in June
Annual growth rate of adjusted loans to households stood at 4.5% in July, compared with 4.6% in June
Annual growth rate of adjusted loans to non-financial corporations increased to 7.7% in July from 6.9% in June
Components of the broad monetary aggregate M3
The annual growth rate of the broad monetary aggregate M3 decreased to 5.5% in July 2022 from 5.7% in June, averaging 5.7% in the three months up to July. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, decreased to 6.7% in July from 7.2% in June.
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Source: ECB
Inflation: why it's very unlikely to get back below 2% for years to come
August 26, 2022--The UK and the Eurozone have seen record inflation rises, with UK prices rising 10.1% in July.
Central banks, most economists, and commentators attributed rising prices to logistic bottlenecks and production constraints due to COVID-19 lockdowns.
In this piece, two economists argue that today's inflation has its roots in the 2008 financial crisis and is set to say persistently above 2% for years to come.
Inflation in the UK and eurozone is still getting worse. UK prices rose a whopping 10.1% in July compared to a year earlier, while those in the eurozone went up 8.9% - breaking longstanding records in both places. Contrast this with the equivalent data from the US a few days earlier, where the 8.5% rate was lower than the previous month and below market expectations.
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Source: weforum.org
Official Statistics: Forecasts for the UK economy: August 2022
August 25, 2022--A comparison of independent forecasts for the UK economy in August 2022.
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Source: gov.uk
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