Global ETF News Older than One Year
DGCX-Middle-Earth: FRIDAY SPECIAL: IMF PPP: INR most undervalued by -67.9%, CHF most overvalued by +43.7%
July 3, 2015--ECONOMY SPECIAL
IMF PPP data: CHF is also most overvalued currency in the world, at +43.7% relative to USD
INR, at -67.9% relative to USD is most undervalued
2015 India GDP growth forecast at 7.35% vs 6.9% for China
2016, the growth forecast at 7.6% for India vs 6.7% for China
Next fastest growing economies are Philippines (6.2%), Indonesia (5%) and Malaysia (4.8%), Russia and Brazil are only 2 major economies in world on target for recession in 2015
Consensus GDP forecast for Russia is -3.5% and for Brazil, -1.3%
Switzerland is slowest growing major economy with 2015 GDP forecast of 0.8%
MARKET PULSE
US added 223,000 jobs in June; jobless rate fell to a 7-year low of 5.3 %
Data showed the U.S. labor-force participation fell to a 1977 low
US hourly earnings at private cos.held at $24.95,up just 2 % in 12 mo. to June
Report on the impact and accountability of banking supervision issued by the Basel Committee
July 2, 2015-Today,the Basel Committee published its Report on the impact and accountability of banking supervision.
The report is a range-of-practice study on how supervisors around the world define and evaluate the impact of their policies and actions, manage against that impact and then account for it to their external stakeholders, including the government, parliament and the general public.
view more view the Report on impact and accountability of banking supervision
Source: BIS
Nasdaq Global Indexes Monthly Scorecard
Source: Nasdaq.com
DMS-Emerging Markets: Mongolia, Truly the Final Frontier
"Very cold," he replied, and then expanded, "So cold that if you accidentally spill your hot coffee outside during the dead of winter, if freezes before it hits the ground." "And the lure of Mongolia is?" I asked him in response. "It's truly the final frontier," he replied.
Source: Peter Kohli of DMS for Nasdaq.com
Average daily volume of 11 million contracts at Eurex Group in June
In total, 189.8 million contracts were traded at Eurex Exchange and 52.7 million at the ISE in June.
Source: Deutsche Börse
S&P: All That Bond Market Illiquidity is Bad for Bond Funds, But Not Banks
Bankers, regulators and investors have long been complaining that the ability to buy and sell in the bond market without impacting the prices of securities has deteriorated in the aftermath of the financial crisis.
Source: Bloomberg
Basel Committee issues consultative document on its review of the Credit Valuation Adjustment risk framework
The objectives of the review are to (i) ensure that all important drivers of credit valuation adjustment (CVA) risk and CVA hedges are covered in the Basel regulatory capital standard; (ii) align the capital standard with the fair value measurement of CVA employed under various accounting regimes; and (iii) ensure consistency with the proposed revisions to the market risk framework under the Basel Committee's Fundamental review of the trading book. view the Review of the Credit Valuation Adjustment Risk Frameworkreport
Source: BIS
WisdomTree Announces Plans for Japan Office and Hires Market Veteran Jesper Koll
to lead the development of WisdomTree's business in Japan.
Source: WisdomTree
REFILE-Flow Traders says seeking to raise at least 472 mln euros from IPO
It set an indicative price range of 29 euros to 37 euros per share for its initial public offering in which its owners are selling 40 percent of the company.
Source: Reuters
Banks and exchanges turn to blockchain
Now banks, clearing houses and exchanges are becoming increasingly excited at the prospect of blockchain fundamentally transforming their business models.
Source: FT.com
July 2, 2015--The Nasdaq Global Indexes Monthly Scorecard is available.
July 1, 2015--Mongolia is known as the land of eternal blue sky because it has about 250 sunny days a year. In a recent conversation I had with my friend, Gary Kucher of Mongolia Holdings, who does a lot of investing in Mongolia, I asked him how cold it gets there in the winter.
July 1, 2015--In June, the international derivatives exchanges of Eurex, part of Deutsche Börse Group, recorded an average daily volume of 11.0 million contracts (June 2014: 8.0 million). Of those, 8.6 million were Eurex Exchange contracts (June 2014: 6.0 million), and 2.4 million contracts (June 2014: 2.0 million) were traded at the U.S.-based International Securities Exchange (ISE), part of Eurex Group.
What would a dry spell in the bond market mean for the financial sector?
July 1, 2015--Standard & Poor's,the credit rater, has just published new research on the changing structure of the corporate bond market and its effect on on a wide variety of financial entities.
July 1, 2015--A Review of the Credit Valuation Adjustment Risk Framework is being undertaken by the Basel Committee.
July 1, 2015--WisdomTree Investments, Inc. (NASDAQ:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the planned opening of a new office in Tokyo and the appointment of Jesper Koll as Chief Executive Officer of WisdomTree subsidiary WisdomTree Japan K.K.,
June 30, 2015--Flow Traders, a Dutch high frequency trading firm, said on Tuesday it was seeking to raise between 472 million euros and 603 million euros ($530 million to $675 million) in its initial public offering, excluding an overallotment option.
Wall St lured by efficiency promise of the technology behind bitcoin
June 30, 2015--The blockchain-the technology that underpins bitcoin-has been called "the future for financial services infrastructure".
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