|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.
|Global ETP News|
|Opec trims 2014 oil demand growth forecast|
|August 8, 2014--The Organization for Petroleum Exporting Countries (Opec) oil cartel trimmed its 2014 forecast for global oil demand growth on Friday after weaker-than-expected economic growth in rich countries in the second quarter and a "fragile" worldwide recovery.|
|Global growth to slow as populations age: Moody's|
|August 7, 2014--As populations age around the world, economies will be held back and growth trends will slow sharply in the next 20 years, a report forecast on Thursday.|
|Africa: U.S. to Invest U.S.$33 Billion in Africa|
|United States President Barack Obama has disclosed that the US is making a major and long term investment of $33bn in Africa's progress,|
|IOSCO launches public information repository for central clearing requirements|
|August 5, 2014--The International Organization of Securities Commissions today unveiled an information repository for central clearing requirements for OTC derivatives, which provides regulators and market participants with consolidated information on the clearing requirements of different jurisdictions.|
|Deutsche Borse and Philippine Stock Exchange sign memorandum of understanding to explore market data cooperation|
|August 4, 2014--Deutsche Börse Market Data + Services and the Philippine Stock Exchange, Inc. (PSE) have signed a memorandum of understanding (MoU) to establish a market data cooperation between the two exchanges..|
|IOSCO surveys effects of storage warehouses on price formation in commodity derivatives markets|
|August 1, 2014--The International Organization of Securities Commissions (IOSCO) has given its Committee 7 on Commodity Derivatives a mandate to research the potential effects|
The first stage in the Committee's work has been to develop a questionnaire as a way to gather information to inform its research.
|Average daily volume of 6.3 million contracts at Eurex Group in July|
|August 1, 2014--In July 2014, the international derivatives markets of Eurex Group recorded an average daily volume of 6.3 million contracts (July 2013: 6.8 million). Of those, 4.2 million were Eurex Exchange contracts (July 2013: 4.6 million), and 2.1 million contracts (July 2013: 2.2 million) were traded at the U.S.-based International Securities Exchange (ISE). In total, 97.0 million contracts were traded at Eurex Exchange and 47.1 million at ISE.|
|Barclays tops FTSE 100 after upbeat results|
|July 30, 2014--Shares of Barclays PLC climbed to the top of the U.K. benchmark stock index on Wednesday, standing out in an otherwise downbeat market where the trading mood was subdued after a new round of sanctions on Russia.|
|Banks aim to have new Gold Fix operational by year-end|
|July 29, 2014--The new gold benchmark that will replace the near century-old London Gold Fix should be operational by the end of the year|
|Deutsche Bank's fixed income outperforms rivals|
|July 29, 2014--Deutsche Bank outperformed its Wall Street rivals in fixed income trading, defying predictions of a slump in the market, though net income fell more than expected in the second quarter.|
|IMF Survey: Changing Growth Trends Carry New Global Spillovers|
|With changing world environment, global spillovers enter a new phase|
Advanced countries recovering, emerging markets see broad-based slowdown
Need for stronger policy actions at national and global levels
July 29, 2014---As the global economy shifts from crisis to recovery mode, the changing growth patterns-with advanced economies generally recovering and emerging markets slowing on a broad basis-carry new spillover risks, says the IMF staff.
|ETF Securities-Precious Metals Weekly-Precious Metals Pare some 2014 Gains as the Foundation Strengthens|
|July 28, 2014--Gold gives back some more 2014 gains but the foundation remains solid. Stronger economic data and a strengthening US dollar weighed on precious metals prices last week offsetting some of the geopolitical premium. Gold declined 1.0% returning below US$1,300/oz. and silver kept true to its 'leveraged gold' tendency declining 2.3%, but remaining above the much watched US $20/oz. level.|