News Centre

Correction: May MNI Chicago Business Barometer At 59.4 Vs 58.3 In April - Highest Level Since November 2014

Date 31/05/2017

The MNI Chicago Business Barometer decreased to 55.2in May from 58.3 in April, the lowest level since January.

EBA Publishes Opinion On EU Commission Consultation On The Operation Of The ESAs

Date 31/05/2017

The European Banking Authority (EBA) published today an Opinion in response to the European Commission's public consultation on the operation of the European Supervisory Authorities (ESAs). The Opinion welcomes the public consultation which acknowledges the results the EBA has obtained since its establishment in 2011. It also points to a possible way forward to confirm its role as guardian of the Single Rulebook and to increase its effectiveness in ensuring  supervisory convergence across the EU. Finally, it suggests how the EBA's role with regards to supervisory reporting could be strengthened and improved.

Second Dubai Mercantile Exchange Basrah Light Crude Oil Auction Awarded At Official Selling Price +37 Cents

Date 31/05/2017

The Dubai Mercantile Exchange hosted the second Basrah Light crude oil auction on Wednesday. Almost 50 bids were received from 15 participating companies and the 2 million barrel cargo was awarded at a premium of 37 cents to the July Basrah Light Official Selling Price (OSP), which will be published by Iraq state-oil company SOMO in the second week of June.

SIX Group CEO Urs Rüegsegger Announces Handover Of Operational Responsibility

Date 31/05/2017

After nine years as Group CEO of SIX, Urs Rüegsegger has informed the Board of Directors that he would like to pass on operational responsibility for the company at the end of the business year 2017. The intention is that making this announcement at an early stage will allow sufficient time to fill the position and hand over responsibilities. Since the merger in 2008 Urs Rüegsegger has successfully brought SIX together and driven its development. SIX has enjoyed success in an increasingly difficult market environment and made an important contribution to the success of the Swiss financial center. The Board of Directors thanks Urs Rüegsegger for his great commitment.

UK's WMA And APFA Members Vote To Create Trade Association For Uk Personal Investment Management & Financial Advice

Date 31/05/2017

The two leading UK trade associations in the personal investment management and financial advice sector have agreed to come together to form a larger representative body for organisations that support individuals and families to plan and invest for their financial life journey.

Azione MPs Denounces The Arbitrary Intervention Of The Italian State In Banca Monte Dei Paschi Di Siena: Counterbalancing Measures Are Required In Compliance With Market Rules

Date 31/05/2017

Azione MPS, the Association of Small Individual Shareholders and member of CONAPA, sent out a letter today addressed to the Public Authorities of the European Union and of the Italian Republic. The letter points to the main contradictions at the heart of the forced state intervention in the listed company Banca Monte dei Paschi di Siena (precautionary recapitalisation with burden sharing) that goes against the rules and principles of Commercial Law as well as the policies pursued by the European Commission towards the creation of the Single Capital Market and which will mainly cause detriment to over 150,000 Small Shareholders who collectively own more than 55% of the Company.

ACER Proposes Potential Improvements To The Energy Infrastructure Package

Date 31/05/2017

The Agency has published today its position on potential improvements to the Energy Infrastructure Package. The document focuses on improving the Cost-Benefit Analysis (CBA) methodology, the development and usage of scenarios, streamlining monitoring activities and information requirements for the selection of Projects of Common Interest (PCIs) in the European Union and on the updates of the Unit Investment Cost report. You can access the position paper here.

IISL Index Dashboard For The Month Ended May 2017

Date 31/05/2017

Summary:

• NIFTY 50 closed at 9,621.25 as on May 31, 2017, an increase of 317.20 points (3.41%) as against 9,304.05 as on April 28, 2017.
• The free float market capitalization of NIFTY 50 index was USD 561.06 Bn. as on May 31, 2017 as against USD 542.30 Bn. as on April 28,2017. The free float market capitalization of NIFTY Next 50 index was USD 101.83 Bn. as on May 31, 2017 as against USD 105.92 Bn. as on April 28, 2017.
• During the 1 month period ending May 31, 2017, NIFTY FMCG Index gained the most (9.15%) amongst all the indices whereas the NIFTY Pharma index (-10.83%) was the biggest loser.
• During the 3 month period ending May 31, 2017, the biggest gainer overall was NIFTY Realty Index (26.98%) and biggest gainers in various categories are NIFTY Smallcap 50 (13.41%) in broad market index category, NIFTY MNC (12.35%) in thematic index category, NIFTY Growth Sectors 15 (10.26%) in strategy index category and NIFTY Realty (26.98%) in sectoral index category.
• The biggest overall gainer during the 1 year period ending May 31, 2017 is NIFTY Metal (45.33%) and biggest gainers in their respective index categories are NIFTY Smallcap 50 (41.67%) in broad market index category, NIFTY Energy (42.43%) in thematic index category, NIFTY High Beta 50 (37.47%) in strategy index category and NIFTY Metal (45.33%) in sectoral index category. NIFTY Pharma index (-17.92%) is the biggest loser during the 1 year period.
• ETF AUM tracking NIFTY Indices tripled in FY 16-17, crossing Rs. 36,000 crores. Equity ETFs in India witnessed significant growth in FY16-17. The AUM of equity ETFs tracking NIFTY indices in India have reached Rs. 36,803 Cr as on March 2017, as against Rs. 12,865 Cr as on March 2016. For more details refer the press release at https://www.nseindia.com/content/indices/ind_prs04052017.pdf.

Deutsche Börse: Share Price Information From Xetra And Börse Frankfurt To Become Considerably Less Expensive For Retail Investors

Date 31/05/2017

Deutsche Börse is lowering its prices for real-time share price information on Xetra and Börse Frankfurt for retail investors. Service providers such as brokers, data vendors and financial portals will receive current share price information from Börse Frankfurt free of charge starting 1 September 2017, with Xetra prices being lowered from €15.00 to €4.90 per month starting 1 January 2018. The reduction is subject to the data being offered in closed groups of users.

ACER Still Finds Contractual Congestion In The European Gas Transmission Network

Date 31/05/2017

The Agency for the Cooperation of Energy Regulators (ACER) publishes today its fourth report on Contractual Congestion, a situation in which the level of firm capacity demand exceeds the technical capacity. ACER has identified congestion at 9% of the entry and exist sides of the Interconnection Points (‘IPs’) within the EU Gas Transmission Network.