FTG Blog - World's Biggest Metals Exchange Takes on the Gold Elite

World’s Biggest Metals Exchange Takes on the Gold Elite

The world’s biggest industrial metals exchange is taking on the most powerful players in the gold market with the launch on Monday of its first futures contract for the commodity since the middle of the 1980s. Read more

FTG Blog - World's Biggest Pension Fund Has Best Performance in Two Years

World’s Biggest Pension Fund Has Best Performance in Two Years

The world’s biggest pension fund posted its best annual gain in two years, as Japanese and overseas stocks gained. The Government Pension Investment Fund returned 5.9 percent, or 7.9 trillion yen ($70 billion), in the year ended March 31, increasing assets to a record 144.9 trillion yen, it said in Tokyo on Friday. That’s the biggest advance since the fiscal year ended March 31, 2015, when it had its best annual performance on record. Domestic equities added 4.6 trillion yen as the benchmark Topix index climbed 12 percent, outweighing a loss on foreign and domestic bond holdings. Foreign stocks rose, increasing 4.3 trillion yen. Read more

FTG Blog - Why Traders Are Worrying About Low Volatility

Why Traders Are Worrying About Low Volatility

Stock markets are a sea of green, punctuated by frothy highs as markets roll past shocks such as U.K. elections, North Korean missiles, Persian Gulf confrontations and tweet-storms from U.S. President Donald Trump. Normally, all that good market news would seem simply good, right? But a growing chorus of strategists, investors and even policy makers is fretting that there should be more downs to go along with those ups. They’re worried that what’s called volatility in the markets is too low — and that the low readings in market measures known as fear gauges could foreshadow a giant disturbance down the road. Read more

FTG Blog - Glitch causes prices of Apple, Google, other stocks to appear off

Glitch causes prices of Apple, Google, other stocks to appear off

The prices of several big-name Nasdaq-listed (NDAQ.O) stocks appeared on some websites to either spike or plummet well after the closing bell on Monday, seemingly due to a glitch related to the market data that runs the largely automated markets. Read more

FTG Blog - Italy's Bank Funeral Shows EU Still Using Crisis Playbook

Italy’s Bank Funeral Shows EU Still Using Crisis Playbook

A decade has passed since the start of the financial crisis, but when it comes to handling struggling banks, the European Union still hasn’t moved on. Italy’s taxpayer-funded wind-down of Banca Popolare di Vicenza SpA and Veneto Banca SpA highlighted the patchwork of EU and national laws and guidelines that govern the funneling of public money to banks, despite years of work on a common rule book intended to end the era of big bailouts. Read more

FTG Blog - Crude Slump Wipes $113 Billion From Oil Drillers

Crude Slump Wipes $113 Billion From Oil Drillers

Oil companies have spent three years slashing spending and firing workers to protect profits, only to find their hard work blown away as prices entered another bear market. The MSCI World Energy Sector Index is heading for a second consecutive quarter of declines, mirroring the drop in crude. The 90 companies that make up the index, including giants like Exxon Mobil Corp. and Royal Dutch Shell Plc, have together lost $113 billion in market value since the start of April, according to data compiled by Bloomberg. Read more

FTG Blog - Investors Scramble to Keep Pace With New Market Outlook

Investors Scramble to Keep Pace With New Market Outlook

For investors scrambling to keep pace with a hawkish shift in the world’s biggest central banks, the second half of 2017 just got a lot more interesting. Two weeks of rhetoric from policy makers in Europe and North America has rewritten the outlook for markets, with the Bank of England and the Bank of Canada now seen as more likely than not to join the Federal Reserve in raising rates before the year is out, based on overnight index swap rates. Even the possibility of a European Central Bank hike, once seen as all but impossible, is slowly growing. Read more

FTG Blog - Deutsche Bank Faces Possible $60 Million Derivative Loss

Deutsche Bank Faces Possible $60 Million Derivative Loss

Deutsche Bank AG, the German lender seeking to overhaul how it manages risks, made a bet on U.S. inflation that puts the firm on course to lose as much as $60 million, people familiar with the matter said. Read more

FTG Blog - Italy Commits $19 Billion for Veneto Banks in Largest State Deal

Italy Commits $19 Billion for Veneto Banks in Largest State Deal

Italy will commit as much as 17 billion euros ($19 billion) to clean up two failed banks in one of its wealthiest regions in the nation’s biggest rescue on record. The intervention at Banca Popolare di Vicenza SpA and Veneto Banca SpA includes state support for Intesa Sanpaolo SpA to acquire their good assets for a token amount, Finance Minister Pier Carlo Padoan said Sunday after an emergency cabinet meeting in Rome. Milan-based Intesa can initially tap about 5.2 billion euros to take on some assets without hurting capital ratios, Padoan said. The European Commission said it approved the plan. Read more

FTG Blog - Beijing's New Mega Airport Will Challenge Air China's Dominance

Beijing’s New Mega Airport Will Challenge Air China’s Dominance

Like ancient warlords, China’s three biggest airlines have dominated their regional cities: Air China Ltd. controlling Beijing, China Eastern Airlines Corp. holding sway in the financial center of Shanghai, and China Southern Airlines Co. ruling the roost down in export gateway Guangzhou. Until now. Read more