SPDR University Weekly Market Report-January 30, 2015
January 30, 2015--ECONOMIES: The Fed leaves policy unchanged and remains patient on rate hikes. GDP growth slows in the US and UK. GDP slips in Canada. Deflation deepens in the eurozone.
Industrial production rises solidly in Japan. Inflation slows in Australia. MARKETS: Greece, Russia, and the Fed contribute to investor jitters. Equities are mixed but US stocks are distinctly lower.
G7 government bonds are mostly bid. But Italian bonds are notably lower perhaps reflecting some worries of Greek contagion.
CAD and AUD weaken significantly. Oil appears to find floor, and indeed rises sharply on the week.
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SPOTLIGHT: The Bank of England and the Reserve Bank of Australia are expected to leave administered rates unchanged. Payroll employment likely posts another solid gain in the US. Unemployment may tick higher in Canada. Inflation should fall below zero in Italy.
Source: SPDR University
DECPG Global Weekly- January 30, 2015
January 30, 2015--Greece's financial markets tumbled on election outcome. Greek bonds and stocks slumped after the new government came in power promising a roll back of austerity and forgiveness of some of Greece's debt.
A three-day plunge that followed the election wiped out about $10 billion in market capitalization. The yield on 10-year bonds climbed above 10 percent on Wednesday after being as low as 5.7 percent in September last year.
Following the government's effort to downplay the prospect of an imminent clash with international creditors, however, Greek bank shares rallied on Thursday, and the country's banking-stock index surged 13 percent, the most since May 2013.
Source: World Bank
India overtakes China as world's leading gold consumer-GFMS
January 29, 2015--China bought less gold jewellery, sold more scrap in 2014
India re-takes lead as world's biggest gold consumer
Gold prices to bottom out in 2015 at average $1,170/oz
India overtook China as the world's biggest gold consumer in 2014 as global physical demand fell, an industry report showed on Thursday, forecasting that prices that have declined for the last two years would bottom out this year.
Source: Reuters
BNY Mellon and State Street collaborate with Eurex Clearing on Securities Lending CCP Solution
January 29, 2015--Eurex Clearing, Europe's leading clearing house and part of Deutsche Börse Group, today announced a collaboration with BNY Mellon and State Street, two of the world's leading providers of financial services to institutional investors and two of the largest securities lending agents.
The parties intend to work together strategically to further enhance the Eurex Clearing service to meet the specific needs of beneficial owners, as well as to explore expanding the geographic reach into the US. Additionally BNY Mellon and State Street will aim to provide access for their clients to the Eurex Clearing's Lending CCP service.
Source: Eurex
LSE to put Russell Investments up for sale for $1.4 billion
January 28, 2015--The London Stock Exchange Group Plc (LSE.L) plans to put Russell Investments up for sale in mid-February and hopes to fetch around $1.4 billion for the unit, two sources told Reuters Wednesday.
The exchange operator has tapped Barclays to sell the business, according to the sources, who wished to remain anonymous because they are unauthorized to speak to the media.
Source: Reuters
STOXX Pulse Winter 2015 Edition
January 28, 2015--The STOXX Pulse Winter 2015 Edition is now available.
view the
Source: STOXX
Why factor investing is flavour of the month
That at least is true of the exchange traded fund and index providers who are launching a swath of factor-based products.
Source: FT.com
2015 Index of Economic Freedom: Global Economic Freedom Expands, Only Two Regions Decline
The world average score of 60.4 is only one-tenth of a point above the 2014 average, but represents a 2.8-point overall improvement since the inception of the Index in 1995. Thirty-seven countries, including Taiwan, Israel, Poland and Colombia, achieved their highest-ever Index scores. Among the 178 countries ranked, scores improved for 101 countries and declined for 73.
Source: The Heritage Foundation
China's Yuan Joins Top 5 Most-Used Global Currencies
The yuan passed the Canadian and Australian dollars in popularity in December, according to the Society for Worldwide Interbank Financial Telecommunication, which provides communications between financial institutions and companies.
Source: ABC News
ETF Securities Research-Precious Metals Weekly-The ECB Adds Additional Support to Precious Metals
The greater-than-expected QE size and open-ended determination from the ECB, until inflation is firmly in place, helped to boost asset prices.
Precious metals received another layer of underlying support via lower real yields and in a growing number of countries, negative real yields. Silver was again the best performer,
gaining 2.7% on the week and remains the best performing precious metal year-to-date and
the best performer among all major commodities so far in 2015.view more
Source: ETF Securities Research
January 28, 2015--There is big money in factor investing-the art of tweaking an index to profit from long-term anomalies.
Hong Kong tops Index again despite drop in score; U.S. improves, but remains at No. 12; Asia-Pacific and Sub-Saharan Africa are the most-improved regions
January 27, 2015--The world economy is "moderately free," with a slight rise in economic liberty leading to a third annual global increase, according to the editors of the 2015 Index of Economic Freedom, released today by The Heritage Foundation and The Wall Street Journal.
January 27, 2015--China's yuan has become one of the five most widely used currencies in global payments, an international financial transactions agency announced Wednesday.
January 26, 2015--The ECB's firm commitment may be more beneficial for the cyclical PMs. Most assets, including precious metals (PMs), were supported by last weeks' quantitative easing (QE) announcement by the ECB.
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