| Redefining Europe's economic sovereignty-continued | |||||
| June 25, 2019--This Policy Contribution delves into the position of the EU in the current global order. China and the United States increasingly trying to gain geopolitical advantage using their economic might. The authors examine the specific problems that China and the US pose for European economic sovereignty, and consider how the EU and its member states can better protect European economic sovereignty. | |||||
| Europeans like to believe the European Union has the collective economic size and capacity to determine its own economic destiny. But the behaviour of others global powers is increasingly calling this ability into question. China and the United States, especially, do not separate economic interests from geopolitical interests in the same way the EU does. They are increasingly using economic connections, from cyberspace to financial links, to gain geopolitical advantage or to serve geopolitical goals. | |||||
| Source: bruegel.org | |||||
| Europe ETP News |
| Euro area investment fund statistics: second quarter of 2019 | |||
| August 16, 2019--In the second quarter of 2019 the outstanding amount of shares/units issued by investment funds other than money market funds stood at €12,067 billion, which was €266 billion higher than in the first quarter of 2019. | |||
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| LSE's Longest Glitch in 8 Years Disrupts Trading in Big Stocks | |||
| August 16, 2019--Stock trading was delayed for FTSE 100, FTSE 250 members Outage is also second for U.K. exchange in just over a year. | |||
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| Profits at European fund managers forecast to fall 6% | |||
| August 10, 2019--Profits at European fund managers look likely to fall by almost 6 per cent this year, adding to pressure on investment companies to cut costs and reduce staff. | |||
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| Unscheduled free float adjustment of Axel Springer SE in MDAX | |||
| August 8, 2019--Changes to be effective as of 13 August 2019
On Thursday, Deutsche Börse announced an unscheduled change to the MDAX index. Due to the acquisition of Axel Springer SE (DE0005501357) by Traviata II S.à.r.l. the free float of Axel Springer changed by more than 10 percentage points. | |||
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| New HSBC ETF on Xetra: Access to companies from Saudi Arabia | |||
| August 7, 2019--A new Exchange Traded Fund from HSBC Global Asset Management has been tradable on Xetra and Börse Frankfurt since Wednesday.
The HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF enables investors to participate in the performance of the 30 largest companies in Saudi Arabia. | |||
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| STOXX launches EURO STOXX 50 ESG Index | |||
| August 6, 2019--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, has launched an ESG version of its flagship index EURO STOXX 50(R). | |||
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| New Active ETFs from Invesco on Xetra: Sustainable investments in combination with multi-factor strategy | |||
| August 5, 2019--Since Monday, two new Exchange Traded Funds from Invesco are tradable via Xetra and Börse Frankfurt.
The two new actively managed ETFs give investors the opportunity to combine sustainability criteria with a factor approach. | |||
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| New iShares ETF on Xetra: Access to European government bonds | |||
| August 5, 2019--Since Monday a new Exchange Traded Fund of iShares is tradable via Xetra and Börse Frankfurt.
The iShares EUR Govt Bond 20yr Target Duration UCITS ETF enables investors to participate in the performance of European government bonds with an aggregate maturity of 20 years. | |||
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| Germany's Whole Yield Curve Dives Below 0% for the First Time | |||
| August 2, 2019--Nation becomes the largest economy to have all negative yields
Trump's threat of new tariffs has fueled the latest rally | |||
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| MiFID II: ESMA makes new bond liquidity data available | |||
| August 1, 2019--The European Securities and Markets Authority (ESMA) has started today to make available new data for bonds subject to the pre-and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) through its data register. | |||
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| The Coming Clash Between Climate and Trade | |||
| August 1, 2019--The new leaders of the European Union, who have relentlessly championed open markets, will, ironically, likely trigger a conflict between climate preservation and free trade. But this clash is unavoidable, and how Europe and the world manage it will help to determine the fate of globalisation, if not that of the climate. | |||
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| Cash markets achieve turnover of 124.8 billion euros in July | |||
| August 1, 2019--Deutsche Börse's cash markets generated a turnover of €124.8 billion in July (previous year: €124.3 billion). Of the €124.8 billion, €112.1 billion were attributable to Xetra (previous year: €113.6 billion), bringing the average daily Xetra trading volume to €4.9 billion. | |||
| read more | |||
| STOXX ESG Factor Indices licensed to UniCredit | |||
| July 30, 2019--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, has licensed two indices to UniCredit: the EURO iSTOXX(R) ESG-X & Ex Nuclear Power Multi Factor Index and the EURO STOXX(R) ESG-X & Ex Nuclear Power Minimum Variance Unconstrained Index. | |||
| read more | |||
| New iShares ETF on Xetra: Access to Chinese bond market | |||
| July 30, 2019--A new iShares Exchange Traded Fund has been available for trading on Xetra and Börse Frankfurt since Tuesday.
The iShares China CNY Bond UCITS ETF USD (Dist) offers an investment in bonds issued by the Ministry of Finance of the People's Republic of China and Chinese banks. | |||
| read more | |||
| New Unicredit ETFs on Xetra: Combination of Strategy and Sustainability | |||
| July 30, 2019--Since Tuesday two new Exchange Traded Funds of UniCredit are tradable via Xetra and Börse Frankfurt. | |||
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| Europe's Mifid rules help to pump up the volume | |||
| July 29, 2019--Exchange Traded Funds have finally moved centre stage The European market for exchange traded funds is still adjusting to a transformative event that could come to be seen as the making of it: the... | |||
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| Mutual funds' liquidity problems highlight ETF advantages | |||
| July 29, 2019--Suspension of Woodford's £3.5bn fund has investors scouting for liquid alternatives | |||
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| Euro area economic and financial developments by institutional sector: first quarter of 2019 | |||
| July 26, 2019--Euro area net saving was broadly unchanged at €793 billion in the four quarters to the first quarter of 2019. Euro area net non-financial investment increased to €523 billion (from €503 billion in the previous quarter), due to increased investments by households and non-financial corporations. | |||
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| Accumulating share classes of four Vanguard equity ETFs available on Xetra | |||
| July 25, 2019--Since Thursday, accumulating share classes of four Vanguard equity ETFs have also been tradable via Xetra and Börse Frankfurt. All four products are weighted by market capitalisation.
The Vanguard FTSE North America UCITS ETF (USD) Accumulating replicates US and Canadian large and mid cap companies in an optimised portfolio composition. | |||
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| Monetary developments in the euro area: June 2019 | |||
| June 24, 2019--July 24, 2019--Annual growth rate of broad monetary aggregate M3 decreased to 4.5% in June 2019 from 4.8% in May
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 7.2% in June, unchanged from previous month. | |||
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| IMF Staff Country Report-France: Financial System Stability Assessment | |||
| July 24, 2019--Summary:
Important institutional and policy changes have taken place since the 2012 FSAP. At the national level, the authorities have strengthened the macroprudential framework by establishing the High Council for Financial Stability (HCSF), enhanced monitoring of financial stability risks, prepared to manage the Brexit fall-out, introduced macroprudential measures, and taken various financial reform measures included in Loi PACTE-Action Plan for Business Growth and Transformation-and initiatives on digital finance, crypto-assets, green finance, and combating cyber risk | |||
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| Five Charts on France's Economic Outlook | |||
| July 23, 3019--France's economic performance has been solid, and the authorities have made notable progress in recent years to introduce reforms supporting growth. But external risks have increased and some domestic structural challenges remain. France needs to stay the course on reforms, deepening and complementing them with additional measures to bolster economic resilience, public finance sustainability, and inclusive long-term potential growth. | |||
| read more |