Saturday 2nd August 2014
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FRIDAY TICKER: AUGUST 1ST: Collaborative Data Network CMDportal statistics show that the international money market increased outstandings by approximately $31bn during the month of July, both in USD and in EUR, with three of the four major asset classes posting growth. Financial Institutions Groups (FIGs) outstandings increased by 3.44%, seeing the greatest absolute growth. Sovereigns, Supranationals and Agencies (SSAs) posted a 2.9% increase. Oustandings by Corporate borrowers grew by 7%. The only major sector that posted a contraction was Asset-Backed securities, which finished down by approximately $1.4bn (3.2%). USD denominated markets grew by USD13.2bn and Euro denominated markets grew by $12.5bn equivalent. Total International Money Market settlements in July reached $307.8bn - Moody's Interfax Rating Agency has today affirmed the Baa3.ru national scale rating (NSR) of Maritime Bank. The affirmation of the NSR reflects Maritime Bank's currently acceptable capital adequacy and asset quality balanced with weak profitability; and modest liquidity cushion against the bank's high depositor concentration and the challenging operating environment in Russia. NSRs carry no specific outlooks. The rating action is primarily based on the bank's unaudited financial statements for January 2013-July 2014 - The Macau government published the casino industry’s gross gaming revenue today. In July, Macau collected 28.4 gross gaming revenue, or an equivalent of 917 million daily table wins, down 3.6% from a year ago. Macau’s July numbers were clouded by the World Cup, say the government. Chinese are avid soccer fans. Macau names fell off in trading after the announcement, with Galaxy Entertainment losing 2.4%, while Wynn Resorts fell 1.8%. All eyes are now on August’s figures - A new point-of-sale malware known as Backoff has been linked to numerous remote-access attacks, putting small merchants at greatest risk, according to an alert from federal authorities. The alert from the Department of Homeland Security, the Secret Service and the Financial Services Information Sharing and Analysis Center notes that Backoff is a recently discovered family of POS malware that has now been identified in at least three separate forensic investigations – Italy’s biggest retail bank Intesa Sanpaolo has beaten forecasts reporting a Q2 net profit of €217m, as the bank moves along a new business path which highlights asset management. The bank said its operating result and pre-tax profit for the period was the best in the last nine quarters, with higher revenues from asset management offsetting the impact of one-off charges such as write-downs.

BlackRock report highlights a record month for fixed income ETPs

Friday, 15 June 2012
BlackRock report highlights a record month for fixed income ETPs Economic uncertainty sparks a flight to safety that yielded a record setting month with ETPs attracting $11bn in net flow http://www.ftseglobalmarkets.com/

Economic uncertainty sparks a flight to safety that yielded a record setting month with ETPs attracting $11bn in net flow

Government bond ETPs attracted record breaking inflows of $5.6bn driven by flows of $4.4bn into US Treasury bond products. The previous monthly high for government ETPs of $3.6bn was set in June 2010. Broad/aggregate and investment grade corporate bond products attracted $1.6bn and $1.7bn respectively. Meanwhile, high yield bond ETPs saw monthly outflows of $1.3bn, the first month of redemptions since November 2011.

Emerging markets equity ETPs drew $3.3bn, with flows of $8.3bn into two new Chinese equity funds outweighing outflows of $5bn from a broad range of other emerging markets products. The two new Chinese equity funds seek to replicate the performance of the China Securities Index 300 which tracks 300 stocks traded on the Shanghai and Shenzhen stock exchanges. These are the first cross-market ETFs to be listed in China.

In developed markets equities, DAX German equity funds swung back with strong flows of $4.3bn in May on the heels of ($5.1bn) outflows last month.  Japanese equity ETPs also had a strong showing in May, garnering $3.6bn.

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