Standard & Poor's cuts euro rescue fund outlook to negative-continued

February 27, 2012--Standard and Poor's on Monday cut its rating outlook on the EFSF, the eurozone bailout fund, to 'negative', meaning it could be downgraded outright in the future as the eurozone debt crisis develops.
"We have concluded that credit enhancements sufficient to offset what we view as the reduced creditworthiness of the European Financial Stability Facility (EFSF) guarantors are not likely to be forthcoming," S&P said.

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Source: EUbusiness


Europe ETP News
New Amundi ETF launched in XTF segment on Xetra
ETF provides first access to multi-strategy approach of Scientific Beta index family
September 16, 2014--A new exchange-listed index fund issued by Amundi has been tradable in Deutsche Börse's XTF segment since Tuesday.
Name: Amundi ETF Global Equity Multi Smart Allocation Scientific Beta UCITS ETF
Asset class: equities
ISIN: FR0011829084
Total expense ratio: 0.40 percent
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New Source ETF launched in XTF segment on Xetra
First ETF with access to JPX-Nikkei Index 400
September 15, 2014--A new equity index ETF issued by Source has been tradable in the XTF segment on Xetra since Monday.
ETF name: Source JPX-Nikkei 400 UCITS ETF
Asset class: equities
ISIN: DE000A119T29
Total expense ratio: 0.45 percent
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Two new PowerShares ETFs launched on Xetra
September 11, 2014--Two new equity index funds from the ETF offering issued by PowerShares Global Funds have been tradable in the XTF segment on Xetra since Thursday.
ETF name: PowerShares Global Agriculture UCITS ETF
Asset class: equity index ETF
ISIN: IE00B3BQ0418
Total expense ratio: 0.75 percent
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ECB-Euro area securities issues statistics
September 10, 2014--The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.5% in July 2014, compared with -0.9% in June.
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Deutsche Annington Immobilien SE and Kion Group AG to be included in MDAX
Deutsche Börse reviews index composition/ Changes are effective on 22 September 2014
September 3, 2014---On Wednesday Deutsche Börse decided on changes in its selection indices that will become effective on 22 September 2014.
The following changes will be made to the indices:
The shares of Deutsche Annington Immobilien SE and Kion Group AG will move to MDAX from SDAX. Simultaneously, the shares of Rational AG and SGL Carbon SE will be deleted from MDAX and added to SDAX.
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ESMA sees valuation risks in key market segments rising
September 3, 2014--The European Securities and Markets Authority (ESMA) has published its Report on Trends,Risks and Vulnerabilities No. 2,2014,and the Risk Dashboard for 3Q 2014. Overall,ESMA's report finds that valuation risks in key market segments are rising and merit investor attention. In the first half of 2014,conditions in the EU's securities markets,asset management industry and market infrastructures remained favourable.
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UK Official holdings of international reserves: August 2014
August 3, 2014--This monthly press notice shows details of movements in August in the UK's official holdings of international reserves, which consist of gold, foreign currency assets and International Monetary Fund assets.
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Boerse Stuttgart generates turnover of around EUR 6.4 billion in August
September 2, 2014--Boerse Stuttgart generates turnover of around EUR 6.4 billion in August
Increases in leverage products, investment funds and exchange-traded products
According to its order book statistics, Boerse Stuttgart recorded turnover of around EUR 6.4 billion in August. The trading volume was slightly lower than in July.
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Four new Source ETFs launched in the XTF segment on Xetra
ETFs offer access to strategies of GLG Partners and MLP energy companies
September 1, 2014--Two new active ETFs and two new equity index ETFs issued by Source have been tradable in the XTF segment on Xetra since Monday.
ETF name: Source Man GLG Asia Plus ETF
Asset class: active ETF-equities
ISIN: DE000A119M18
Total expense ratio: 0.95 percent
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August 2014: Economic Sentiment falls in the euro area and the EU
August 28, 2014--In August the Economic Sentiment Indicator (ESI) fell in the euro area (by 1.5 points to 100.6)1 and the EU (by 1.2 points at 104.6).
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ECB-Monetary Developments in the Euro Area-July 2014
August 28, 2014--The annual growth rate of the broad monetary aggregate M3 increased to 1.8% in July 2014, from 1.6% in June 2014.1
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Eurozone economy holds onto timid recovery
August 25, 2014--A timid economic recovery in the eurozone is still holding, a closely-watched survey showed on Thursday, but at a pace that promises only negligible growth for the year.
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ESMA Review of the CESR guidelines on a Common Definition of European Money Market Funds
August 22, 2014--Summary
The European Securities and Markets Authority (ESMA) published today its opinion on how national competent authorities should apply the modifications to the CESR guidelines on money market funds set out in the
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August 2014: Flash Consumer Confidence Indicator
August 21, 2014--In August 2014, the DG ECFIN flash estimate of the consumer confidence indicator decreased in both the EU (by 0.9 points to-6.4) and the euro area (by 1.6 points to -10.0) compared to July.
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Forecasts for the UK economy: August 2014
August 20, 2014--Forecasts for the UK economy is a monthly comparison of independent forecasts. This edition contains forecasts to 2018.
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Deutsche Borse launches US Dollar hedged version of HDAX
August 19, 2014--Deutsche Börse today launched the HDAX Hedged USD Index, which measures the performance of the underlying HDAX while eliminating foreign currency fluctuations. The HDAX Index measures all 110 stocks listed in the DAX, MDAX and TecDAX indices, representing more than 95 percent of Germany's free-float market capitalization.
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