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Deutsche Boerse launches DivMSDAX Index
New index tracks highest yielding stocks in the MDAX and SDAX/ Expansion of popular DivDAX concept/ UniCredit Bank AG issues index certificates
May 16, 2011--Deutsche Boerse has launched the DivMSDAX Index, a blue-chip index that measures the performance of the 15 highest dividend-yielding mid- and small-cap stocks traded in Germany.
It is geared toward professional and retail investors seeking long-term, value-based investment strategies. The new index is suited to underlie financial products such as exchange-traded funds (ETFs), structured products and certificates.
UniCredit Bank AG has issued index certificates based on the price and total return versions of the DivMSDAX index. This is the first time that the index will be available to investors in Germany.
„Dividend-based investing is a simple and reliable approach for market participants with a conservative, long-term investment horizon. The DivMSDAX allows these investors to access highly liquid mid- to small-cap stocks that offer stable dividends. As the new index also complements the widely followed DivDAX, the two together can be used to capture the leading value stocks in Germany,“ said Hartmut Graf, chief executive officer, STOXX Ltd. STOXX Ltd. is the marketing agent for the indices of Deutsche Boerse AG and SIX Group AG, including the DAX and SMI indices.
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Source: Deutsche Boerse
Europe at the centre of unlisted infrastructure growth
May 16, 2011--Europe stands to see the most investment capital deployed by infrastructure fund managers, with 47 Europe-focused funds targeting an aggregate $33.3bn (€23.6bn), according to Preqin.
The data analysis company said Europe was widely recognised as the centre of the unlisted infrastructure industry, and its latest report showed the volume of capital earmarked for the continent outstripped the US, Asia and the 'rest of the world' (RoW) markets.
Although greater in number, the 51 funds focused on Asia and RoW were targeting a smaller investment volume of $26.9bn. North America-focused funds, meanwhile, were targeting a combined $30.6bn.
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Source: Preqin
S&P offers to reprice Europe codes
May 16, 2011--Standard & Poor’s has offered to reprice certain European services in an effort to resolve accusations by Europe’s top competition watchdog that the rating agency was charging at abusive levels.
The probe by antitrust officials at the European Commission centres on so-called international securities identification numbers – the alphanumeric codes used to identify securities, such as bonds and equities. It began after European fund managers complained that they were being charged illegally for bundled services.
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Source: FT.com
Boerse Stuttgart subsidiary expands to Norway
Derivatives segment of the Nordic Growth Market (NGM) introduces trading in securitised derivatives in Norway
May 13, 20-11--Boerse Stuttgart continues its expansion strategy in Scandinavia. After its market entry in Sweden three years ago and in Finland in October of last year Boerse Stuttgart has now set its sights on Norway.
The derivatives segment of the Nordic Growth Market (NGM) belonging to Boerse Stuttgart immediately makes it possible for Norwegian investors to trade in securitised derivatives.
Initially, Commerzbank and Royal Bank of Scotland (RBS) products will be offered; trading will also take place through the Nordnet and Netfonds banks. "Further issuers and trading partners will follow very soon. The success story in Sweden and Finland endorses our international expansion strategy," said Christoph Lammersdorf, CEO of Boerse Stuttgart.
In March 2011 the derivatives segment of the Nordic Growth Markt (NGM) reached a turnover of almost 3.4 billion Swedish crowns for the first time (equivalent to around EUR 370 million), notably surpassing the previous trading record of recent months. In February trading volumes on the Scandinavian derivatives exchange amounted to more than 2.5 billion Swedish crowns. Trading volumes have grown almost fivefold year-on-year at a rate of 480 percent. In the first quarter NGM's derivatives segment registered a total trading volume of more than 8.5 billion Swedish crowns. Boerse Stuttgart's Swedish subsidiary has a market share of 60 percent in warrants and certificates trading. After the expansion to Finland in October 2010, a market share of 56 percent has already been reached in warrants and certificates trading in this market.
"The countries of Northern Europe have highly developed financial markets with a well defined investment culture among private investors. This is why the Scandinavian market plays a key role in our international business strategy. Our core task is to inform and enlighten Scandinavian investors about the products that are new for them, thus increasing their willingness to invest in certificates and warrants," said Christoph Lammersdorf. Boerse Stuttgart's expansion into other countries has not yet been completed. Further steps are in the pipeline.
Source: Boerse Stuttgart
Germany leads EU growth, France jumps, Italy lags
May 13, 2011-- European economies posted solid first-quarter growth rates on Friday, with several showing strong demand at home, but Italy only scraped into growth.
Economists forecast that demand from abroad for European exporters could ease later in the year.
Germany, with the biggest European economy, led the way, expanding by a quarterly 1.5 percent to a level last seen before the economic crisis in 2008, provisional data showed.
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Source: FIN24
Spring economic forecast: European recovery maintains momentum
May 13, 2011--The EU economy is set to further consolidate its gradual recovery, growing by around 1¾% in 2011.
The EU economy is set to further consolidate its gradual recovery, with prospects for 2011 looking slightly better than projected last autumn. Gross domestic product is expected to grow by around 1¾% this year and just under 2% in 2012.
This outlook is supported by better prospects for the global economy and generally upbeat EU business sentiment.
Inflation, however, is rising faster than GDP, while unemployment is coming down more slowly.
Commodity prices driving inflation
The inflation trend reflects the increase in commodity prices, one of the most important new challenges that have emerged since the autumn. Inflation is projected to average almost 3% in the EU and 2½% in the eurozone this year, before easing to about 2% and 1¾% respectively in 2012.
view the European Economic Forecast Spring 2011
Source: European Commission
New Irish index shows extent of property crash
May 13, 2011--The collapse of an Irish property price bubble that has blitzed the country's banks has seen values plunge by up to 52 percent since a 2007 peak, a new government index showed on Friday.
The first results from a new Central Statistics Office (CSO) index show that, countrywide, prices of all residential property are down almost 40 percent on 2007 -- and they are still falling.
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Source: EUBusiness
Euro growth eclipses rivals despite north-south divergences
May 13, 2011--Eurozone growth topped US and pre-crisis levels in powerhouse Germany, EU figures showed Friday, but divergences between accelerating northern output and the debt-laden southern nations increased.
Economic expansion across the 17-country currency bloc almost trebled to 0.8 percent in the first quarter of 2011, from 0.3 percent in the last three months of 2010 -- compared to US growth of 0.4 percent quarter-on-quarter.
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Source: EUbusiness
Europe- Shares set to rise, helped by German GDP
May 13, 2011-European stocks were set to rise on Friday, helped
by forecast-beating German GDP figures as well as strong results from EADS
(EAD.PA) and Credit Agricole (CAGR.PA), eclipsing lingering concerns over
Greece's debt burden.
By 0630 GMT, futures for Euro STOXX 50 STXEc1, for Germany's DAX FDXc1
and for France's CAC FCEc1 were up between 0.6 percent and 0.7 percent. Germany's first-quarter GDP rose by 1.5 percent in seasonally adjusted
terms, growing faster than all expectations given in a Reuters poll of 38 economists. Unadjusted figures from the Federal Statistics Office also showed that growth hit 5.2 percent on an annual basis, compared to the same quarter a year earlier.
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Source: Reuters
London Stock Exchange Group Makes Filings For Regulatory Approval With Canadian Provincial Securities Commissions
May 13, 2011--London Stock Exchange Group, together with TMX Group Inc, today announced that applications have been filed with the Canadian provincial securities regulatory authorities in Ontario, Quebec, Alberta and British Columbia.
Those securities regulatory authorities will publish the applications according to their individual processes. London Stock Exchange Group and TMX Group look forward to working with provincial authorities and to advancing the approval process.
For further information, please contact:
Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com
Source: London Stock Exchange
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