% 7.5% CURRENCIES

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "6710-1.0% 7.5% CURRENCIES"

Transcription

1 Week ending: September 16, 2016 MAJOR NEWS: Global equity markets were mostly down for the week: investor sentiment fell after no significant changes were made to major central banks existing monetary policies. Markets were also pulled down by poor economic releases. Looking ahead: Canada retail sales and eurozone composite PMI. Global Markets EQUITY INDICES Close % chg Week % chg YTD REGIONAL INDICES Close % chg Week % chg YTD CAN: S&P/TSX % 11.1% MSCI All Country World Index % 3.0% US: INDU % 4.0% MSCI Europe % -7.5% US: SPX % 4.7% Euro Stoxx 50: SX5E % -10.2% Nasdaq: CCMP % 4.7% MSCI Emerging Markets Index % 11.5% Brazil: IBOV % 31.7% MSCI Asia-Pac ex Japan % 7.2% Mexico: MEXBOL % 6.9% MSCI EAFE % -3.0% UK: FTSE % 7.5% CURRENCIES Close % chg Week % chg YTD Germany: DAX % -4.3% U.S./CAD % 4.8% France: CAC % -6.6% CAD/Euro % -2.2% Netherlands: AEX % -1.3% U.S./BP % -11.8% Italy: FTSE MIB % -24.4% JY/U.S % -15.0% Sw itzerland: SMI % -7.8% Euro/BP % -13.6% Japan: NKY % -13.2% U.S./Euro % 2.8% Hong Kong: HSI % 6.5% JY/BP % -24.6% Thailand: SET % 14.8% BOND YIELDS Close % chg Week % chg YTD Malaysia: KLCI % -2.3% 10 yr Canada Govt. 1.20% Singapore: STI % -1.9% 10 yr U.S. Treas 1.70% Taiw an: TWSE % 6.8% 10 yr Germany Govt % Korea: KOSPI % 1.9% 10 yr Japan Govt % Manila: PCOMP % 8.7% 30 yr Canada Govt. 1.83% Australia: AS % 1.0% 30 yr U.S. Treas 2.45% China: Shanghai % -15.2% COMMODITIES Close % chg Week % chg YTD India: Sensex % 9.5% Gold US$/oz % 23.4% Oil US$/bbl % 16.2% Source: Datastream. Index returns are in local currency. All returns are price returns and do not include dividends. PAGE 1

2 CANADA 4.0% S&P/TSX Comp. Index 0.39% 0.12% 0.96% -4.0% -1.70% -0.37% The S&P/TSX Composite Index declined by 0.6% for the week, with a decline in oil prices weighing on energy shares. Seven of the ten GICS sectors declined for the week, led by the energy sector. A fall in oil prices weighed on share prices of companies in the sector. In contrast, CGI Group pushed the information technology sector higher. Manufacturing sales in Canada rose in July by 0.1% month-on-month, compared with an increase of 0.8% in the previous month, mainly due to increased sales of primary metals, food products and petroleum and coal products. PAGE 2

3 U.S. Dow Jones Index 2.0% 1.32% 0.99% -0.18% -0.49% -2.0% -1.41% U.S. equities advanced last week as it became less likely that the Federal Reserve (the Fed) would raise interest rates at its meeting in September. The gains were significantly offset by declines resulting from disappointing economic releases during the week and from falling energy and banking stocks on Friday. The Nasdaq, the S&P 500 Index and the Dow Jones Index grew by 2.3%, 0.5% and 0.2%, respectively, for the week. The U.S. current account deficit narrowed in the second quarter of 2016 to US$119.9 billion, from US$131.8 billion, after primary income and exports of services increased. U.S. initial jobless claims increased in the week ended September 10 to 260,000, from 259,000 in the previous week. The reading continues to hold below the 300,000 mark, indicating stable job markets. Mortgage applications in the U.S., as measured by the Mortgage Bankers Association, increased in the week ended September 9 by 4.2%, after a rise of 0.9% in the preceding week, as purchase activity and refinance activity continued to grow. The 30-year mortgage rate decreased marginally, to 3.67%, from 3.68% in the previous week. Retail sales in the U.S. decreased in August by 0.3% month-on-month, compared with a revised increase of 0.1% in July; sales of automobiles, building materials and gasoline fell in August. The U.S. consumer price index rose in August by 1.1% year-on-year, up from the 0.8% rise recorded for July, driven by an increase in medical and shelter costs. PAGE 3

4 CONTINENTAL EUROPE DJ Euro Stoxx % 0.30% -0.33% -2.0% -1.32% -1.26% -1.30% European markets declined in the week; investors who expected further easing were disappointed by monetary policy announcements from key central banks in the region, who kept their interest rates unchanged. The European Central Bank decided to hold steady last week, and the Swiss National Bank also chose to leave its interest rates unchanged in September. The DJ Euro Stoxx 50 Index declined by 3.9%, France s CAC Index lost 3.5%, and Germany s DAX Index fell 2.8%. Contributing to the decline was a sell-off in banking stocks, especially Deutsche Bank, which was fined by the U.S. Department of Justice on the grounds of misselling poor-quality mortgage loans. Industrial production in the eurozone declined in July by 1.1% month-on-month, compared with a revised increase of 0.8% reported in June, with the production of capital goods, energy, durable consumer goods and intermediates falling during the month. The eurozone s trade surplus contracted in July to 20.0 billion euros, from 23.4 billion euros in June; exports fell and imports rose during the period. PAGE 4

5 U.K. FTSE 100 Index 2.0% 0.85% 0.12% -2.0% -0.53% -0.30% -1.12% The U.K. s stock market, as measured by the FTSE 100 Index, ended the week with a loss of 1.0%, after investors who expected further easing were disappointed by monetary policy announcements from the Bank of England on Thursday. The Bank of England left its interest rates unchanged, and said that it would lower interest rates before the year-end if it feels the need to do so. Consumer prices in the U.K. grew in August, by 0.6% year-on-year, the same as the growth reported in July, led by an increase in transport costs. Food and diesel prices fell at a slower pace compared with the previous period. The increase in prices was partially offset by a fall in the costs of clothing and footwear and in lower charges at restaurants and hotels. Retail sales in the U.K. declined in August by 0.2% month-on-month, compared with an increase of 1.9% in July. Sales of non-food products such as household goods and textiles, clothing and footwear fell, while sales of food products and fuel increased. PAGE 5

6 JAPAN Nikkei % 0.34% 0.70% -2.0% -0.69% -1.26% -1.73% Japanese equities, as represented by the Nikkei 225 Index, fell by 2.6% during the week, dragged down by banking and real estate stocks, amid uncertainty about the Bank of Japan s monetary policy direction ahead of its meeting next week. Industrial production in Japan fell in August by 0.4% month-on-month, after rising by 2.3% in July. Inventories declined by 2.4%, while shipments and inventory ratio increased by 0.7% and 1.1%, respectively. Japan s producer price index dropped in August by 3.6% year-on-year, compared with a 3.9% fall in July, primarily due to a fall in prices of petroleum and coal, followed by non-ferrous metals. Machine orders in Japan increased in July by 4.9% month-on-month, down from the 8.3% growth recorded in June. Machine orders rose 5.2% on a year-on-year basis, compared with a 0.9% contraction recorded for the previous month. Capacity utilization in Japan increased in July by 0.6% month-on-month, growing to 96.2 index points, compared with a growth of 1.5% in June. PAGE 6

7 SOUTHEAST ASIA Hang Seng 6.0% 0.63% 0.00% -0.32% -0.11% -6.0% -3.36% Asian markets were negative for the week, amid concerns over monetary policy decisions by key central banks and due to a fall in oil prices. China s SSE Composite Index declined by 2.5%, while Hong Kong s Hang Seng and India s Sensex lost 3.2% and 0.7%, respectively. Industrial production in China rose in August by 6.3% year-on-year, compared with the growth of 6.0% recorded for July. It was the highest monthly growth rate since March, supported by increased output of electricity, gas and water production, and manufacturing, while being partly offset by a decline in mining production. Retail sales in China increased in August by 10.6% year-on-year, compared with the 10.2% increase in July, led primarily by sales of building materials, automobiles and office supplies. Industrial production in Hong Kong declined in the second quarter of 2016 by 0.5%, following a 0.3% drop in the previous quarter, primarily due to a contraction in textiles output, which was partly offset by a rise in food, beverage and tobacco production. South Korea s unemployment rate increased in August to 3.8%, from 3.6% in July, reaching the highest rate since March The unemployment rate for young adults in the country still remains high. India s inflation rate eased in the month of August to an annual rate of 5.1%, down from 6.1% recorded in the previous month, due to slower increases in food prices. Industrial production in India declined in July by 2.4% year-on-year, compared with the 2.1% growth recorded in June, due to a fall in manufacturing production. India s trade deficit narrowed in August to US$7.7 billion, from a deficit of US$7.8 billion in July, with imports falling at a faster pace than exports. PAGE 7

8 LATIN AMERICA Brazil IBOV 4.0% 1.01% 0.42% 1.49% -1.43% -4.0% -3.01% The performance of Latin American stock markets deteriorated during the week, weighed down by a drop in crude oil and metal prices. Brazil s Ibovespa dropped 1.6%, while Mexico s MEXBOL declined by 1.2%. Brazil s retail sales declined in July by 0.3% month-on-month, after having increased by 0.3% in the previous month. Lower sales of food products, beverages and tobacco in hypermarkets and supermarkets, and of fuels and lubricants, accounted for most of the decline. Consumer prices in Brazil rose in August by 9.0% year-on-year, accelerating from an 8.7% increase recorded in July. The inflation rate remained well above the central bank s mid-point target of 4.5%, mainly due to higher food and transport prices. Mexico s same-store sales, as reported by the country s retailers association, ANTAD, increased in August by 1.7% year-on-year, after increasing by 10.0% in July. The growth rate in August was pulled down by negative sentiment about an anticipated interest rate increase in the U.S. Unless otherwise stated, the source of all data is Datastream. All views expressed are those of Fidelity Investments. This document is not to be reproduced or circulated without prior permission. Issued by Fidelity Investments Canada ULC. Read a fund s prospectus and consult your investment professional before investing. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. Investors will pay management fees and expenses, may pay commissions or trailing commissions and may experience a gain or loss. Any mention of specific securities is for illustrative purposes only and not a recommendation to buy or sell, nor is it an indication of how the portfolio of any Fidelity Fund is invested. Fidelity Investments is a registered trademark of Fidelity Investments Canada. PAGE 8

Year in review 2015. Year in review 2015. Global Markets. Year ending: December 31, 2015 CAN: S&P/TSX 13,010 14,632-11.1% MSCI All Country World Index

Year in review 2015. Year in review 2015. Global Markets. Year ending: December 31, 2015 CAN: S&P/TSX 13,010 14,632-11.1% MSCI All Country World Index Year in review Year in review Global Markets Year ending: December 31, EQUITY INDICES 31-DEC- 31-DEC- % CHG CAN: S&P/TSX 13,010 14,632-11.1% US: INDU 17,425 17,823-2.2% US: SPX 2,044 2,059-0.7% Nasdaq:

More information

Year in review Year in review Global Markets. Year ending December 31, 2016 CAN: S&P/TSX 15,288 13, % MSCI All Country World Index

Year in review Year in review Global Markets. Year ending December 31, 2016 CAN: S&P/TSX 15,288 13, % MSCI All Country World Index Year in review Year in review Global Markets Year ending December 31, EQUITY INDICES 31-DEC- 31-DEC- % CHG CAN: S&P/TSX 15,288 13,010 17.5% US: INDU 19,763 17,425 13.4% US: SPX 2,239 2,044 9.5% Nasdaq:

More information

Universe Index Transition for Dow Jones Titans Indices

Universe Index Transition for Dow Jones Titans Indices Universe Transition for Dow Jones Titans Indices S&P Dow Jones Indices (S&P DJI) is conducting a consultation with members of the investment community. S&P DJI is currently reviewing the universe indices

More information

Data Insights: Global Equity Risk Premia Friday, March 28, 2016. Source: Bloomberg, TrendMacro calculations

Data Insights: Global Equity Risk Premia Friday, March 28, 2016. Source: Bloomberg, TrendMacro calculations Trend Macrolytics, LLC Donald Luskin, Chief Investment Officer Thomas Demas, Managing Director Michael Warren, Energy Strategist Data Insights: Global Equity Risk Premia Friday, March 28, 2016 Global leader-board:

More information

Morningstar Open Indexes Project Correlation

Morningstar Open Indexes Project Correlation Learn More indexes.morningstar.com Contact Us indexes@morningstar.com Americas +1 312 384-3735 Europe/Middle East/Africa +44 20 3194 1082 Asia Pacific +61 2 9276 446 Morningstar Open Indexes Project capture

More information

Main trends in industry in 2014 and thoughts on future developments. (April 2015)

Main trends in industry in 2014 and thoughts on future developments. (April 2015) Main trends in industry in 2014 and thoughts on future developments (April 2015) Development of the industrial sector in 2014 After two years of recession, industrial production returned to growth in 2014.

More information

II. Merchandise trade

II. Merchandise trade II. Merchandise trade World merchandise trade grew by 2 per cent in volume terms in 2012 against a backdrop of weak global demand and declining prices. This is significantly less than the 5 per cent increase

More information

2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013

2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013 2013 global economic outlook: Are promising growth trends sustainable? Timothy Hopper, Ph.D., Chief Economist, TIAA-CREF January 24, 2013 U.S. stock market performance in 2012 * +12.59% total return +6.35%

More information

Europe s exports of manufactured goods totalled almost US$ 5 trillion in 2013

Europe s exports of manufactured goods totalled almost US$ 5 trillion in 2013 Europe s exports of manufactured goods totalled almost US$ 5 trillion in 2013 Merchandise exports by region and product, 2013 (US$ billion) 4% Increase in Europe s exports of manufactured goods in 2013

More information

March Economic Report. Month ending March 31, McGladrey LLP. All Rights Reserved McGladrey LLP. All Rights Reserved.

March Economic Report. Month ending March 31, McGladrey LLP. All Rights Reserved McGladrey LLP. All Rights Reserved. March Economic Report Month ending March 31, 2015 MARKET DASHBOARD Last Price Change % Chg. YTD % Last Price Change % Chg. YTD % S&P 500 2,102.06 24.22 1.17% 1.6% Russell Global EM 3,201.86 106.44 3.44%

More information

II. Merchandise trade

II. Merchandise trade II. Merchandise trade Merchandise trade increased by 5 per cent in volume in 211. The strongest momentum was achieved by trade in manufactured goods, which grew by.5 per cent. Key developments in 211:

More information

X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/

X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/ 1/ X. INTERNATIONAL ECONOMIC DEVELOPMENT 1/ 10.1 Overview of World Economy Latest indicators are increasingly suggesting that the significant contraction in economic activity has come to an end, notably

More information

Danske Bank May 4th 2016 Economic Update,

Danske Bank May 4th 2016 Economic Update, Monthly update: 4 May 2016 Danske Bank Chief Economist, Twitter: angela_mcgowan Local job and investment announcements during April 2016: Over the month of April 2016 there were no new job announcements

More information

CHAPTER 2. Asset Classes. the Money Market. Money market instruments. Capital market instruments. Asset Classes and Financial Instruments

CHAPTER 2. Asset Classes. the Money Market. Money market instruments. Capital market instruments. Asset Classes and Financial Instruments 2-2 Asset Classes Money market instruments CHAPTER 2 Capital market instruments Asset Classes and Financial Instruments Bonds Equity Securities Derivative Securities The Money Market 2-3 Table 2.1 Major

More information

Update on HKEx Equity Derivatives Market. Derivatives Trading Global Markets Division 24 April 2015

Update on HKEx Equity Derivatives Market. Derivatives Trading Global Markets Division 24 April 2015 Update on HKEx Equity Derivatives Market Derivatives Trading Global Markets Division 24 April 215 Exchange Participants Global Distribution Distribution of the Origins of HKFE Exchange Participants America

More information

Quarterly Market Review. Third Quarter 2016

Quarterly Market Review. Third Quarter 2016 Q3 Quarterly Market Review Third Quarter 2016 Market Summary Index Returns US Stock Market International Developed Stocks Emerging Markets Stocks Global Real Estate US Bond Market Global Bond Market ex

More information

Monthly Market Snapshot

Monthly Market Snapshot ly Market Snapshot JANUARY 2016 Key insights The New Year has begun with widespread volatility in global markets, with equities posting steep negative returns in January. The main factors driving the market

More information

MERCER PORTFOLIO SERVICE MONTHLY REPORT

MERCER PORTFOLIO SERVICE MONTHLY REPORT MERCER PORTFOLIO SERVICE MONTHLY REPORT MAY 206 Mercer Superannuation (Australia) Limited ABN 79 004 77 533 Australian Financial Services Licence # 235906 is the trustee of the Mercer Portfolio Service

More information

Futures Trading: The Way to Go?

Futures Trading: The Way to Go? Futures Trading: The Way to Go? Terence Lee Private Client Service 25/02/11 Disclaimer The information contained in these course materials provided is the option of the Course Trainer and not Phillip Futures.

More information

Franklin Templeton Investment Funds

Franklin Templeton Investment Funds Franklin Templeton Investment Funds Online ID Name CRNCY Description L4058R498 FRANK EUROPEAN GRWTH A ACC EUR The Fund's objective is long term capital appreciation. The Fund invests at least two thirds

More information

Monetary and Financial Trends First Quarter 2011. Table of Contents

Monetary and Financial Trends First Quarter 2011. Table of Contents Financial Stability Directorate Monetary and Financial Trends First Quarter 2011 Table of Contents Highlights... 1 1. Monetary Aggregates... 3 2. Credit Developments... 4 3. Interest Rates... 7 4. Domestic

More information

Currency Monthly Report

Currency Monthly Report Page1 Anish Vyas Research Analyst Non-Agri Commodities and Currencies anish.vyas@angelbroking.com (022) 3935 8104 Kaynat Chainwala Research Associate Non-Agri Commodities and Currencies kaynat.chainwala@angelbroking.com

More information

ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013

ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013 Page 1 of 14 ANALYSIS OF NZ MERCHANDISE TRADE DATA YEAR ENDED JUNE 2013 SUMMARY Provisional merchandise trade data for the June 2013 month was released in July. The June 2013 data provides us with our

More information

RAYMOND JAMES RAYMOND JAMES. -Technical Chart Book -

RAYMOND JAMES RAYMOND JAMES. -Technical Chart Book - Technical Strategy Team - Technical Chart Book RAYMOND JAMES -Technical Chart Book - Providing Investors with timely data and technical observations on a broad spectrum of asset classes. Technical Strategy

More information

10.1 An Overview. 10.2. Monthly Behaviour Movements in Wholesale Price Index

10.1 An Overview. 10.2. Monthly Behaviour Movements in Wholesale Price Index 10. PRICE MOVEMENTS 10.1 An Overview The trends in wholesale price index and consumer price indices had perhaps been never so diverging as during the current period. While the wholesale prices index shows

More information

IRISH LIFE MAPS AND IRISH LIFE INVESTMENT MANAGERS

IRISH LIFE MAPS AND IRISH LIFE INVESTMENT MANAGERS PENSIONS INVESTMENTS LIFE INSURANCE Q1 2015 QUARTER 1 (Q1) 2015: JANUARY TO MARCH 2015 IRISH LIFE MAPS AND IRISH LIFE INVESTMENT MANAGERS Irish Life Multi Asset Portfolios (MAPS) have been designed and

More information

2012 Global Investor Sentiment Survey Findings

2012 Global Investor Sentiment Survey Findings The global economy is complex and ever evolving, which can be a source of optimism and anxiety for investors. The Franklin Templeton 2012 has revealed that in the near term, respondents remain cautious,

More information

World Manufacturing Production

World Manufacturing Production Quarterly Report World Manufacturing Production Statistics for Quarter I, 2013 Statistics Unit www.unido.org/statistics Report on world manufacturing production, Quarter I, 2013 UNIDO Statistics presents

More information

Chart 1: Zambia's Major Trading Partners (Exports + Imports) Q4 2008 - Q4 2009. Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other

Chart 1: Zambia's Major Trading Partners (Exports + Imports) Q4 2008 - Q4 2009. Switzernd RSA Congo DR China UAE Kuwait UK Zimbabwe India Egypt Other Bank of Zambia us $ Million 1. INTRODUCTION This report shows Zambia s direction of merchandise trade for the fourth quarter of 2009 compared with the corresponding quarter in 2008. Revised 1 statistics,

More information

BRUNEI DARUSSALAM STATISTICAL APPENDIX. International Monetary Fund Washington, D.C. IMF Country Report No. 14/191. July 2014

BRUNEI DARUSSALAM STATISTICAL APPENDIX. International Monetary Fund Washington, D.C. IMF Country Report No. 14/191. July 2014 July 2014 IMF Country Report No. 14/191 BRUNEI DARUSSALAM STATISTICAL APPENDIX This Statistical Appendix on Brunei Darussalam was prepared by a staff team of the International Monetary Fund. It is based

More information

QUARTERLY INVESTMENT UPDATE

QUARTERLY INVESTMENT UPDATE QUARTERLY INVESTMENT UPDATE December 31, 2015 Quarterly Market Perspectives Global equity markets staged an impressive rally from their late summer swoon across the first two months of the quarter ended

More information

Double-digit profit growth at constant currency driven by all businesses

Double-digit profit growth at constant currency driven by all businesses FOR IMMEDIATE RELEASE Tokyo, October 31, 2016 JT s Consolidated Financial Results for FY2016 Third Quarter Double-digit profit growth at constant currency driven by all businesses Results for January 1

More information

FTSE Global Small Cap Index

FTSE Global Small Cap Index FTSE FACTSHEET FTSE Global Small Cap Index bmktitle1 The FTSE Global Small Cap Index is derived from FTSE's flagship Global Equity Series universe, which comprises around 7,000 securities worldwide, giving

More information

FTSE All-World ex Fossil Fuels Index Series

FTSE All-World ex Fossil Fuels Index Series FTSE FACTSHEET FTSE All-World ex Fossil Fuels Index Series Data as at: 31 August 2015 bmktitle1 Market participants are increasingly looking to manage carbon exposure in their investments, and reduce write-off

More information

associate of Doha Bank

associate of Doha Bank Around The Globe Weekly Report 11 April 216 Index Price % weekly Currency Price % weekly Country 1 yr bond yield S&P 5 2,47.6 -.9 % EUR/USD 1.141.18 % US 1.72 % Dow 3 17576.96 -.9 % USD/JPY 17.89-3.6 %

More information

Trends in Australia s Exports 1

Trends in Australia s Exports 1 April 2 Trends in Australia s Exports 1 The reduction of trade barriers, and cheaper transportation and communication costs have contributed to Australia becoming more open and more closely integrated

More information

Market Review September 2015

Market Review September 2015 Market Review September 2015 Markets remained volatile in September, impacted by the ongoing concerns over slower growth in China and other emerging markets and fears over possible contagion to the global

More information

Economic Outlook December 2015

Economic Outlook December 2015 Economic Outlook December 215 Economics Unit HEADLINES The global economy has slowed slightly in 215, as a result of further slowing of emerging economies. Improvement is expected in 216, though there

More information

JCER World Business Climate Index (Description)

JCER World Business Climate Index (Description) JCER World Business Climate Index (Description) Purpose and features About the JCER World Business Climate Index The objective is to promptly convey the latest business climate using a single index, while

More information

2016 Year Ahead - Global Investment Outlook

2016 Year Ahead - Global Investment Outlook PRUDENTIAL INTERNATIONAL INVESTMENTS ADVISERS, LLC. Global Investment Outlook & Strategy January 2016 2016 Year Ahead - Global Investment Outlook After Struggling in 2015, Global Equity Markets likely

More information

Inflation Report. 1st Quarter, 2015. Monetary Policy and Financial Stability Department Saudi Arabian Monetary Agency

Inflation Report. 1st Quarter, 2015. Monetary Policy and Financial Stability Department Saudi Arabian Monetary Agency Inflation Report 1st Quarter, 2015 Monetary Policy and Financial Stability Department Saudi Arabian Monetary Agency This is a translation from Arabic report. The original report was published on 4 May

More information

Dow Jones Titans Indices Methodology

Dow Jones Titans Indices Methodology Dow Jones Titans Indices Methodology March 2014 S&P Dow Jones Indices: Index Methodology Table of Contents Introduction 4 Highlights and Index Family 4 Eligibility Criteria and Index Construction 7 Dow

More information

Category Definitions

Category Definitions Category Definitions Thailand Morningstar Methodology Paper October 2014 Introduction The Morningstar Categories for funds in the Thailand universe were first established in the year 2009 to help investors

More information

World Manufacturing Production

World Manufacturing Production Quarterly Report World Manufacturing Production Statistics for Quarter IV, 2013 Statistics Unit www.unido.org/statistics Report on world manufacturing production, Quarter IV, 2013 UNIDO Statistics presents

More information

Endowment Trustees Report

Endowment Trustees Report 2013-14 ET #6.4 2013 14 CD #16.0 2013 14 EBD #13.2 2013 14 Midwinter Meeting Endowment Trustees Report Council/Executive Board/Membership Information Session Rod Hersberger Senior Trustee Saturday January

More information

IMF World Economic Outlook with a focus on India and Emerging Market Comparators

IMF World Economic Outlook with a focus on India and Emerging Market Comparators IMF World Economic Outlook with a focus on India and Emerging Market Comparators Thomas Richardson IMF Senior Resident Representative India/Nepal/Bhutan Meghnad Desai Academy of Economics October 9, 2015

More information

Executive Summary International Trade Report. October 2016

Executive Summary International Trade Report. October 2016 Publication date: 22 December 2016 1 OCTOBER 2016 In October 2016, Spain s exports decreased by 1.6% year-on-year in nominal terms to 21,806.8 million euros, whereas imports declined by 1.7% to 23,640.4

More information

Exchange Traded Funds Tactical Asset Allocation Tools

Exchange Traded Funds Tactical Asset Allocation Tools Exchange Traded Funds Tactical Asset Allocation Tools Eleanor De Freitas, Catherine Barker 1 Barclays Global Investors Exchange traded funds (ETFs), combine the advantages of both index funds and stocks.

More information

World Manufacturing Production

World Manufacturing Production Quarterly Report World Manufacturing Production Statistics for Quarter III, 2013 Statistics Unit www.unido.org/statistics Report on world manufacturing production, Quarter III, 2013 UNIDO Statistics presents

More information

Statistics Netherlands. Macroeconomic Imbalances Factsheet

Statistics Netherlands. Macroeconomic Imbalances Factsheet Macroeconomic Imbalances Factsheet Introduction Since the outbreak of the credit crunch crisis in 2008, and the subsequent European debt crisis, it has become clear that there are large macroeconomic imbalances

More information

DOLLARS & SENSE TD Economics

DOLLARS & SENSE TD Economics DOLLARS & SENSE TD Economics THE FED S MESSAGE IS CLEAR: GET READY FOR HIGHER POLICY RATES Highlights Economic data and hawkish commentary from Federal Reserve members have re-adjusted market expectations

More information

COLOMBIA ECONOMIC PERFORMANCE BRIEF October 2012

COLOMBIA ECONOMIC PERFORMANCE BRIEF October 2012 COLOMBIA ECONOMIC PERFORMANCE BRIEF October 2012 1. ECONOMY IN BRIEF Colombian GDP in 2011 reached 5.9%, showing a continuous positive growth rate over the past years. In the third quarter of 2012 the

More information

Citigold. Citigold. FINANCIAL MARKET ANALYSIS 1 August 2016. Mixed week of monetary policy decisions. Performance.

Citigold. Citigold. FINANCIAL MARKET ANALYSIS 1 August 2016. Mixed week of monetary policy decisions. Performance. Citigold FINANCIAL MARKET ANALYSIS 1 August 2016 Mixed week of monetary policy decisions Last week, global markets grappled with an unchanged monetary policy decision from the US FOMC and a disappointing

More information

International Trade through the New York and New Jersey Region

International Trade through the New York and New Jersey Region Weissman Center for International Business Zicklin School of Business, Baruch College/CUNY Vol. 2 No. 3 WCIB Occasional Paper Series May 2012 International Trade through the New York and New Jersey Region

More information

China Market Outlook

China Market Outlook China Market Outlook - 2015 2014 OVERVIEW: CHINA MARKET OUTLOOK 2015 The Hang Sheng market delivered -1.20% returns YTD whereas the Shanghai Composite Index delivered around 40% returns YTD. The factors

More information

Q3/2010 Interim report as of September 30, 2010

Q3/2010 Interim report as of September 30, 2010 Q3/2010 Interim report as of September 30, 2010 Overview of key figures 01.01.-30.09.2010 01.01.-30.09.2009 Change in % Net fee and commission income EUR million 25,89 27,03-4,2 Net trading income EUR

More information

1. Global Money Market Fund

1. Global Money Market Fund 1. Global Money Market Fund Conservative investment approach Higher return than overseas bank account - minimal risk, lower entry levels Focus is on retention of capital Invests in short-term interest

More information

Walking the Silk Road: Understanding Canada s Changing Trade Patterns

Walking the Silk Road: Understanding Canada s Changing Trade Patterns Walking the Silk Road: Understanding Canada s Changing Trade Patterns International Trade and Investment Centre May 16, 2012 Michael Burt Director, Industrial Economic Trends burt@conferenceboard.ca 200

More information

Transamerica CI Growth Portfolio. Portfolio Review Fourth Quarter 2012

Transamerica CI Growth Portfolio. Portfolio Review Fourth Quarter 2012 Transamerica CI Growth Portfolio Portfolio Review Fourth Quarter 2012 Portfolio Managers Economic Overview In the income sector, investors continued to favour higheryielding securities in the fourth quarter

More information

No. 1 BANK OF RUSSIA FOREIGN EXCHANGE ASSET MANAGEMENT REPORT. Moscow

No. 1 BANK OF RUSSIA FOREIGN EXCHANGE ASSET MANAGEMENT REPORT. Moscow No. 1 2015 FOREIGN EXCHANGE ASSET MANAGEMENT REPORT Moscow Bank of Russia Foreign Exchange Asset Management Report No. 1 (33) 2015 Reference to the Central Bank of the Russian Federation is mandatory in

More information

Asian Stock Markets in 2015:

Asian Stock Markets in 2015: Asian Stock Markets in 2015: Expected trends and the role of Asian Funds Passports Dr. Andrew Freris CEO, Ecognosis Advisory Ltd March 2015 1 Summary, Part I The Asian markets which outperformed in 2014,

More information

Any comments and suggestions on the content of the publication are most welcome.

Any comments and suggestions on the content of the publication are most welcome. PREFACE The agro-processing industry is among the sectors identified by National Development Plan (NDP, 2011), Industrial Policy Action Plan (IPAP, 2015) and Agricultural Policy Action Plan (APAP, 2015)

More information

November data signaled economic stabilization

November data signaled economic stabilization 08/12 02/13 08/13 02/14 02/15 08/15 08/12 02/13 08/13 02/14 02/15 08/15 Economics Weekly December 14, 2015 Co-head of Research Banny Lam Tel: 852-21478863 Email: bannylam@abci.com.hk Analyst Paul Pan Tel:

More information

2. The date of intended implementation of the proposed amendments is ten business days following the filing of this submission.

2. The date of intended implementation of the proposed amendments is ten business days following the filing of this submission. BGC Derivative Markets, L.P Amended Contract Specifications 2015-07 June 2, 2015 1. The text of the proposed amendments to the BGC Derivative Markets, L.P. ( BGC ) SEF Contract Specifications, incorporated

More information

The global economy Banco de Portugal Lisbon, 24 September 2013 Mr. Pier Carlo Padoan OECD Deputy Secretary-General and Chief Economist

The global economy Banco de Portugal Lisbon, 24 September 2013 Mr. Pier Carlo Padoan OECD Deputy Secretary-General and Chief Economist The global economy Banco de Portugal Lisbon, 24 September 213 Mr. Pier Carlo Padoan OECD Deputy Secretary-General and Chief Economist Summary of presentation Global economy slowly exiting recession but

More information

WEEKLY MARKET UPDATE. Mixed week of monetary policy decisions. Performance. Asset Allocation. Weekly Market Update 1 August 2016.

WEEKLY MARKET UPDATE. Mixed week of monetary policy decisions. Performance. Asset Allocation. Weekly Market Update 1 August 2016. WEEKLY MARKET UPDATE 1 August 2016 Mixed week of monetary policy decisions Last week, global markets grappled with an unchanged monetary policy decision from the US FOMC and a disappointing announcement

More information

Index Return Monitor. September 9, Little Change In August

Index Return Monitor. September 9, Little Change In August Index Return Monitor September 9, 2016 BRAD BROWN, CFA & ALLAN BISHOP INVESTMENT STRATEGY GROUP See Legal Disclaimer and Important Disclosure Footnotes at the end of this report for disclosures, including

More information

2015 Mid-Year Market Review

2015 Mid-Year Market Review 2015 Mid-Year Market Review Cedar Hill Associates, LLC www.cedhill.com 6111 North River Road, Suite 1100, Rosemont, Illinois 60018 Phone: 312/445-2900 An Affiliate of MB Financial Bank 2015 Major Investment

More information

Global Pension Finance Watch Year-End 2015. Mixed Financial Results for Pension Plans in 2015

Global Pension Finance Watch Year-End 2015. Mixed Financial Results for Pension Plans in 2015 Brazil Canada Eurozone Japan Switzerland U.K. U.S. Global Pension Finance Watch Year-End Mixed Financial Results for Pension Plans in Fourth quarter returns were positive across all regions, while interest

More information

The level and Distribution of recent Mining sector Revenue

The level and Distribution of recent Mining sector Revenue The level and Distribution of recent Mining sector Revenue Introduction From 3/ to 7/, mining sector revenue increased substantially, with Australian dollar receipts rising by an average of around per

More information

CIO Flash Revisions to our 2016 global outlook Jan 25, 2016

CIO Flash Revisions to our 2016 global outlook Jan 25, 2016 CIO Flash Revisions to our global outlook Jan 25, +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH +++ CIO FLASH The global macro picture:

More information

Bulletin of the Ministry of Finance of the Republic of Macedonia REPUBLIC OF MACEDONIA MINISTRY OF FINANCE. Bulletin. October 2015.

Bulletin of the Ministry of Finance of the Republic of Macedonia REPUBLIC OF MACEDONIA MINISTRY OF FINANCE. Bulletin. October 2015. Bulletin of the Ministry of Finance of the Republic of Macedonia REPUBLIC OF MACEDONIA MACEDONI A MINISTRY OF FINANCE Bulletin October Skopje, Skopje, Bulletin of the Ministry of Finance of the Republic

More information

India's Booming Stock Market and Its Outlook Ahead

India's Booming Stock Market and Its Outlook Ahead VOL1. NO. February 2006 India's Booming Stock Market and Its Outlook Ahead India's stock market in 200 was driven by expanding inflows of foreign capital into the country on the back of expectations for

More information

SIP Aggressive Portfolio

SIP Aggressive Portfolio SIP LIFESTYLE PORTFOLIOS FACT SHEET (OCT 2015) SIP Aggressive Portfolio SIP Aggressive Portfolio is a unitized fund, which is designed to provide long term capital growth. It is designed for those who

More information

Economic outlook 1/2016. Global economy grows, but outlook is uncertain s. 3

Economic outlook 1/2016. Global economy grows, but outlook is uncertain s. 3 Economic outlook 1/216 ELECTRONICS AND ELECTROTECHNICAL INDUSTRY MECHANICAL ENGINEERING METALS INDUSTRY CONSULTING ENGINEERING INFORMATION TECHNOLOGY Global and Finnish Economic Outlook Global economy

More information

Global Pension Finance Watch First Quarter 2016. Challenging start to 2016 for global pension plans

Global Pension Finance Watch First Quarter 2016. Challenging start to 2016 for global pension plans Global Pension Finance Watch First Quarter Challenging start to for global pension plans Falling interest rates and mixed investment returns drove reductions in pension plan funded status across all regions

More information

CREDIT UNION TRENDS REPORT

CREDIT UNION TRENDS REPORT CREDIT UNION TRENDS REPORT CUNA Mutual Group Economics May 216 (March 216 Data) Highlights During March, credit unions picked-up 577, in new memberships, loan and savings balances grew at a % and 7.6%

More information

State of the Economy

State of the Economy State 1 of State the Economy of the Economy June 2016 Office of Ril the - Junt Chief pr Economic f Adviser June 2016 State of the Economy Dr Gary Gillespie Chief Economist 3 June 2016 State of the Economy

More information

Dow Jones Titans Indices Methodology

Dow Jones Titans Indices Methodology Dow Jones Titans Indices Methodology S&P Dow Jones Indices: Index Methodology May 2016 Table of Contents Introduction 3 Highlights and Index Family 3 Eligibility Criteria and Index Construction 5 Dow Jones

More information

Purchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit.

Purchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit. PMI Purchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit. They provide an advance signal of what is really happening in the private sector

More information

The economy. The bond market. The stock market

The economy. The bond market. The stock market The economy Global headlines trump steady U.S. economy The U.S. economy continues to plod its way forward at a slow and steady pace. Short-term setbacks seem to be the norm, but a general sense of an improving

More information

Daily FX Focus 14/9/2016

Daily FX Focus 14/9/2016 Important Risk Warning Currency Current Trend AUD EUR GBP NZD CAD JPY Support / Resistance vs USD.7357 /.765 AUD dropped with falling commodity price. AUDUSD once dropped to.7439 level. Market awaits August

More information

Foreign Direct Investment in the United States. Organization for International Investment

Foreign Direct Investment in the United States. Organization for International Investment Foreign Direct Investment in the United States Organization for International Investment March 18, 2009 Key Findings FOREIGN DIRECT INVESTMENT IN THE UNITED STATES Foreign Direct Investment in the United

More information

Global Investing 2013 Morningstar. All Rights Reserved. 3/1/2013

Global Investing 2013 Morningstar. All Rights Reserved. 3/1/2013 Global Investing 2013 Morningstar. All Rights Reserved. 3/1/2013 World Stock Market Capitalization Year-end 2012 18.5% 9.6% United States International: Other Europe United Kingdom Japan Other Pacific

More information

Atradius Country Report

Atradius Country Report Atradius Country Report Poland January 2013 Gdansk Warsaw Lodz Krakow Overview General information Most important sectors (% of GDP, 2011) Capital: Warsaw Services: 63 % Government type: Parliamentary

More information

QUARTERLY ECONOMIC BULLETIN JUNE QUARTER 2012

QUARTERLY ECONOMIC BULLETIN JUNE QUARTER 2012 BANK OF PAPUA NEW GUINEA MEDIA R E L E A S E 9 th October 2012 QUARTERLY ECONOMIC BULLETIN JUNE QUARTER 2012 Mr. Loi M. Bakani, Governor of the Bank of Papua New Guinea (Bank of PNG), today released the

More information

Chapter 1: Economic commentary

Chapter 1: Economic commentary Compendium: Chapter 1: Economic commentary This section of the Pink Book provides an examination of recent trends, main movements and international comparisons for a range of information contained in subsequent

More information

Consolidated Nine-month Report of Baader Bank AG as of 30 September 2012

Consolidated Nine-month Report of Baader Bank AG as of 30 September 2012 Consolidated Nine-month Report of Baader Bank AG as of 30 September 2012 Overview of key figures EARNINGS 1 Jan. - 30 Sept. 2012 1 Jan. - 30 Sept. 2011 Change % Net interest income thou. 4.06 4.66-13.0

More information

Global Index Briefing: MSCI Forward P/Es

Global Index Briefing: MSCI Forward P/Es Global Index Briefing: MSCI Forward P/Es October, Dr. Ed Yardeni -972-73 eyardeni@ Joe Abbott 732-497- jabbott@ Mali Quintana 4-4-1333 aquintana@ Please visit our sites at www. blog. thinking outside the

More information

Bulletin of the Ministry of Finance of the Republic of Macedonia REPUBLIC OF MACEDONIA MINISTRY OF FINANCE. Bulletin. April 2016.

Bulletin of the Ministry of Finance of the Republic of Macedonia REPUBLIC OF MACEDONIA MINISTRY OF FINANCE. Bulletin. April 2016. Bulletin of the Ministry of Finance of the Republic of Macedonia REPUBLIC OF MACEDONIA MACEDONI A MINISTRY OF FINANCE Bulletin April 2016 Skopje, Skopje, 2016 201 6 Bulletin of the Ministry of Finance

More information

The global economy and financial markets. Global growth remained moderate in 2012, restrained by the ongoing. The recession in many European economies

The global economy and financial markets. Global growth remained moderate in 2012, restrained by the ongoing. The recession in many European economies Financial year Market environment The eurozone debt crisis dominated financial market developments. High uncertainty and sluggish growth further lowered benchmark government bond yields. The global economy

More information

THE U.S. current-account deficit the combined

THE U.S. current-account deficit the combined July 27 57 U.S. International Transactions First Quarter of 27 By Renee M. Sauers The estimates presented in this article reflect the annual revision of the international transactions accounts. For more

More information

Busiest ports. Asian Tiger. Business friendly. Highest Trade/GDP Ratio. 4 th biggest financial centre

Busiest ports. Asian Tiger. Business friendly. Highest Trade/GDP Ratio. 4 th biggest financial centre Busiest ports Business friendly Asian Tiger Highest Trade/GDP Ratio 4 th biggest financial centre Singapore economy at a glance: Singapore is a global trading power. Its strategic geographical location,

More information

UNIT TRUST Risk Rating

UNIT TRUST Risk Rating 1 * LYXOR ASSET MANAGEMENT ADEQUITY TRUST- LYXOR CHINA A FUND Medium-to-high 2 * LYXOR ASSET MANAGEMENT ADEQUITY TRUST- LYXOR DYNAMIC WATER FUND Medium-to-high 3 * LYXOR ASSET MANAGEMENT ADEQUITY TRUST-

More information

Consumer Credit Worldwide at year end 2012

Consumer Credit Worldwide at year end 2012 Consumer Credit Worldwide at year end 2012 Introduction For the fifth consecutive year, Crédit Agricole Consumer Finance has published the Consumer Credit Overview, its yearly report on the international

More information

5. Foreign Exchange Market

5. Foreign Exchange Market CBC Annual Report 5. Foreign Exchange Market Slight Appreciation of the NT Dollar On a daily average basis, the trade-weighted nominal effective exchange rate index of the NT dollar slightly increased

More information

statistics Key Natural Gas Trends Excerpt from : Natural Gas information

statistics Key Natural Gas Trends Excerpt from : Natural Gas information statistics Key Natural Gas Trends Excerpt from : Natural Gas information Please note that this PDF is subject to specific restrictions that limit its use and distribution. The terms and conditions are

More information

Global Productivity Slowdown Moderated in May See Better Performance

Global Productivity Slowdown Moderated in May See Better Performance 2014 Productivity Brief Key Findings Global Productivity Slowdown Moderated in 2013 2014 May See Better Performance The global economy witnessed a deceleration in labor productivity growth for the third

More information

Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP)

Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges

More information

Rolling Futures Contracts

Rolling Futures Contracts Market Information (August 2009) This Market Information is correct at the time of publication but may be subject to change due to, but not exclusively, irregular market conditions. Other markets available

More information