World Economic Outlook Update Global Recovery Stalls, Downside Risks Intensify -continued

January 24, 2012--The global recovery is threatened by intensifying strains in the euro area and fragilities elsewhere. Financial conditions have deteriorated, growth prospects have dimmed, and downside risks have escalated. Global output is projected to expand by 3¼ percent in 2012 -a downward revision of about ¾ percentage point relative to the September 2011 World Economic Outlook (WEO).
This is largely because the euro area economy is now expected to go into a mild recession in 2012 as a result of the rise in sovereign yields, the effects of bank deleveraging on the real economy, and the impact of additional fiscal consolidation. Growth in emerging and developing economies is also expected to slow because of the worsening external environment and a weakening of internal demand.

The most immediate policy challenge is to restore confidence and put an end to the crisis in the euro area by supporting growth, while sustaining adjustment, containing deleveraging, and providing more liquidity and monetary accommodation. In other major advanced economies, the key policy requirements are to address medium-term fiscal imbalances and to repair and reform financial systems, while sustaining the recovery. In emerging and developing economies, near-term policy should focus on responding to moderating domestic growth and to slowing external demand from advanced economies.

Financial risks escalate, global growth decelerates

Global growth prospects dimmed and risks sharply escalated during the fourth quarter of 2011, as the euro area crisis entered a perilous new phase. Activity remained relatively robust throughout the third quarter, with global GDP expanding at an annualized rate of 3½ percent—only slightly worse than forecast in the September 2011 WEO.

read more

Source: IMF

Global ETP News
IMF Cuts Global Growth Forecasts on Brexit, Warns of Risks to Outlook
July 19, 2016--Brexit causes "substantial' increase in economic, political, institutional uncertainty

Global forecast for 2017 cut by 0.1 percentage point, to 3.4 percent

If not for Brexit, global forecast would have been slightly higher

read more
Bond ETF funds attract $124bn this year
July 15, 2016--Yield-hungry investors buoyed by the prospects of further monetary easing have invested $124bn in bond exchange traded funds globally this year.
read more
BlackRock Addressing Market Liquidity
July 15, 2016--Post-Crisis, the fixed income markets have adapted to changes due at least in part to regulatory reforms intended to enhance the safety and soundness of the global financial system.
read more
IEA releases Oil Market Report for July
July 13, 2016--Record pumping rates in the Middle East and recovering flows in Nigeria consolidate OPEC market share
read more
Infographic-The Volatile History of Crude Oil Markets
July 13, 2016--Crude oil is the world's most actively traded commodity, and oil-related trades are a staple for traders, hedgers, investors around the globe.
read more
ETF flows down by 20% as investors flee equities
July 12, 2016--Inflows to equity ETFs fell by 85% year-on-year in the first half, as investors shunned risk assets in favour of fixed income securities during a year of political and economic turmoil.
read more
IMF Working paper-The Dynamics of Sovereign Debt Crises and Bailouts
July 12, 2016--Summary: Motivated by the recent European debt crisis, this paper investigates the scope for a bailout guarantee in a sovereign debt crisis.
read more
Infographic-Then and Now: Key Bitcoin Stats and Figures
July 11, 2016--On the weekend, the Bitcoin ecosystem reached an extremely important milestone.
read more
Global ETF assets under management set to exceed $7 trillion by 2021
July 11, 2016--PwC expects accelerated growth in Exchange Traded Funds (ETFs) over the next five years, with global assets under management (AUM), expected to exceed $7 trillion by 2021.
read more
World faces deflation shock as China devalues yuan at accelerating pace
July 8, 2016--China has abandoned a solemn pledge to keep its exchange rate stable and is carrying out a systematic devaluation of the yuan, sending a powerful deflationary impulse through a global economy already caught in a 1930s trap.
read more
Infographic-The Epic Collapse of Deutsche Bank
July 8, 2016--A timeline showing the fall of one of Europe's most iconic financial institutions
It's been almost 10 years in the making, but the fate of one of Europe's most important financial institutions appears to be sealed.
read more
Lower oil prices are driving down investment and energy efficiency as Middle East producers gain market share, IEA says
July 7, 2016--Following up on World Energy Outlook 2015, which examined the potential impact of a prolonged period of lower oil prices on energy markets, an updated analysis from the International Energy Agency has confirmed that the current oil price environment has had a negative impact on oil investments, hurt energy efficiency and boosted the share of oil produced in the Middle East.
read more
Nasdaq is Global Leader for New Listings in First Half of 2016
Welcomes record total of U.S. listing exchange transfers
Extends track record as leading U.S. exchange for total IPOs to 10 consecutive quarters
July 7, 2016--Nasdaq (Nasdaq:NDAQ) announced today that it welcomed a combined 176 new listings-including 68 initial public offerings (IPOs)-in the first half of 2016 to its U.S. and Nordic exchanges, maintaining its position as the leading global exchange venue.
read more
Infographic-The Industrial Internet of Things as the Next Big Growth Driver?
July 7, 2016--The Internet of Things (IoT) is often marketed as a consumer-based technology phenomenon that will combine the potential of low-cost sensors and big data with wide-scale internet connectivity.
read more
Seven Countries Emerging as Frontrunners in the Fourth Industrial Revolution
July 7, 2016--The World Economic Forum's Global Information Technology Report 2016 finds seven countries are excelling when it comes to economically benefiting from investments in information and communications technologies
read more
"There is no listed infrastructure asset class" New EDHECinfra study finds no diversification benefits from 22 different proxies of listed infrastructure equity
July 5, 2016-EDHEC Infrastructure Institute-Singapore (EDHECinfra) has released a new paper entitled "Searching for a Listed Infrastructure Asset Class" establishing that listed infrastructure securities cannot be considered a unique asset class.
read more
Deutsche Borse to divest Market News International
July 5, 2016--Deutsche Börse AG and Hale Global have entered into an agreement regarding the sale of Market News International, Inc. (MNI), a leading provider of macroeconomic and markets intelligence for global fixed income and foreign exchange market professionals.
read more
IMF Working paper-U.S. Dollar Dynamics: How Important Are Policy Divergence and FX Risk Premiums?
July 5, 2016--Summary: We investigate the drivers of dynamics of major U.S. FX bilaterals. We first construct a novel measure of FX risk premiums using Consensus exchange rate forecasts. We then use VAR analysis to show that (i) risk premium shocks play a key role in driving dynamics of the major U.S. FX bilaterals; (ii) longer-term interest differentials also matter, especially for the Canadian $ and the Euro; (iii) oil price shocks play a particularly important role for the Canadian $ (an oil exporter); and (iv) risk appetite shocks (e.g., VIX shocks) generally lead to U.S. dollar appreciation.
read more
Vanguard Attracts Record New Money as Investors Flock to Passive
July 5, 2016--Firm got $148 billion in inflows in first six months of 2016
Some rival managers struggle in competition for client cash
read more
ETF Securities Weekly Flows Analysis-Brexit not as bad as expected outside of UK
July 4, 2016--Inflows into gold ETPs of US$263mn on Friday 1st July were at their highest since inception, Brexit has also driven large inflows into other safe haven assets such as silver and Swiss Franc.
read more
Macroprudential policy assessments-report released by the Committee on the Global Financial System
July 4, 2016--Central banks should take a holistic approach to assessing the value of policies aimed at safeguarding financial stability, the CGFS says in a report published today.
read more
The 500 Tons of Gold That Show Global Rise in Investor Angst
July 4, 2016--Bullion holdings in ETFs extend surge after U.K.'s Brexit vote
Prices have rallied 27% this year with Fed seen holding rates
read more
Bitcoin Transactions Values To Triple this Year-Reaching Over USD92Bn, As Brexit And Possible Trump Presidency Fuel Price Spikes
Exchanges Drive Growth As Retail Interest Wanes
July 4, 2016--A new study from Juniper Research has found that the total value of Bitcoin transactions is expected to exceed $92 billion this year, up from less than $27 billion in 2015.
read more
Commodities: Silver Skyrockets Post-Brexit, Energy is Back!
July 1, 2016--Commodities are back!
While commodity performance in Q1 was promising, it was mainly precious metals and zinc that buoyed everything else.
read more
Infographic-The Decline of Coal in Three Charts
July 1, 2016--How coal went from hero to zero in just five short years.
There was a time in the not so distant past that coal was the unquestioned all-star of the energy mix.
read more
Completion of divestiture of International Securities Exchange Holdings
June 30, 2016--Deutsche Börse AG completed the sale of ISE to Nasdaq today. Nasdaq, Inc., acquired the International Securities Exchange Holdings, Inc., operator of three US equity options exchanges, and ISE's holding company, U.S. Exchange Holdings, Inc., for a total cash consideration of 1.1 billion US$ from Deutsche Börse AG.
read more
Asean--5 Cluster Report : Evolution of Monetary Policy Frameworks
This thematic cluster report examines the evolution of monetary policy frameworks of the ASEAN5 economies, with particular focus on changes since the Asian financial crisis (AFC) and the more recent period of unconventional monetary policies (UMPs) in advanced economies (AEs).
read more
Asian investors still backing London as key hub
June 30, 2016--London remains the first-choice portal for asset managers from Asia looking to tap the European market, but some suggest the city may see its dominance of the region's financial services industry eroded following Britain's vote last week to leave the European Union.
read more
World Economic Forum Report-Enabling Trade
June 30, 2016--Trade and foreign direct investment are critical for world economies and the wealth of nations. Both are linked,and economic success depends more than ever on the attractiveness and competitiveness of markets, including the availability and ease of moving goods, talent and services across borders.
read more
Winthrop Capital Management-Thoughts on Brexit and the Implications for Investment Strategy
June 29, 2016--43 years of membership in the European Union (EU), Great Britain voted last week to withdraw its membership.
read more
World Bank-A look at Carbon Pricing and Competitiveness
Carbon pricing spurs diversification, innovation and investment
Early evidence shows little impact on competitiveness-but this will need to be managed as price levels increase
High-carbon, low efficiency economies can make a smooth transition towards charging for carbon pollution
read more
Globally Important German Financial System is Resilient
June 29, 2016--Financial system resilient, long-standing issues remain
Low profitability of banks, insurers exacerbated by low interest rates
German, European authorities should ensure new European financial architecture effective in practice
read more
CPMI-IOSCO release guidance on cyber resilience for financial market infrastructures
June 29, 2016--The Committee on Payments and Market Infrastructures (CPMI)1 and the Board of the International Organization of Securities Commissions (IOSCO)2 today released the final report Guidance on cyber resilience for financial market infrastructures ("Cyber Guidance").3
read more
Connecting to Compete 2016: Trade Logistics in the Global Economy
The 2016 edition of Connecting to Compete scores and benchmarks countries' performance on logistics. Germany ranked first for the second time in a row, and Syria ranked last. The top performing countries tend to be high-income; countries with the lowest scores tend to be low-income.
read more
The Global Economy is Failing 35% of the World's Talent
June 28, 2016--The Human Capital Report 2016 finds that globally only 65% of the world's talent is being optimized through education, skills development and deployment during people's lifetimes
read more
Brexit wipes record $3tn off global markets in two days
June 28, 2016--S&P Dow Jones Global Brand Market Index shed $2.08 trillion in value on the day following the referendum
read more
BlackRock ETF Landscape May 2016
June 27, 2016--Industry Highlights
May flows of $10.7bn were paced by $9.7bn for bond funds and boosted by a renewed appetite for gold, which accumulated $4.1bn
read more
New margin regulations for the non-cleared OTC derivatives to reduce systemic risk across financial markets
June 27, 2016--In a new publication entitled "Initial Margin for Non-Centrally Cleared OTC Derivatives-Overview, Modelling and Calibration," EDHEC-Risk Institute provides a detailed overview and analysis of the forthcoming new framework to be used by large financial institutions to determine initial margin (IM) and variation margin (VM) payments when trading non-cleared over-the-counter (OTC) derivatives.
read more
Brics eyes a new rating firm to rival big three
June 27, 2016--The Brics nations are looking to set up a new credit-rating company in an effort to break the dominance of the big three developed-nation firms.
read more
Infographic-21 Incredible Uses for Silver
June 27, 2016--From our perspective, silver is the most fascinating metal in existence.
Silver is best known for having extraordinary properties that have made it an effective monetary metal for thousands of years.
read more
Bitcoin and Blockchain Leading the Revolution in the Global Monetary System
June 26, 2016--Technologies from big data to digital currency and mobile transactions are reshaping the financial industry
read more
Policy remix needed to tackle pent-up risks, BIS says
June 26, 2016--There is an urgent need to rebalance policy in order to shift to a more robust and sustainable global expansion and address accumulated vulnerabilities, the Bank for International Settlements (BIS) writes in its 86th Annual Report, calling for prudential, fiscal and structural policies to play a greater role.
read more
The Real Threat to Currency Traders
May 26, 2016--Today's the day when regulators give the financial world a glimpse of how they reckon traders in the $5.3 trillion-a-day foreign-exchange market should behave.
read more