Investors continued to buy equity funds in the week ended June 16, driven by rising hopes of a faster global economic recovery and shrugging off upside inflation risks. According to Refinitiv Lipper data, global equity funds received $10.3 billion worth of inflows, the biggest in three weeks. World stocks hit fresh peaks earlier this week on investor bets that higher inflation levels
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Brazil coffee exports totaled 2.6 million 60kg bags in May, showing a drop of 20.3% compared to the same month in 2020, due to logistic issues and new Ico rules on statistics and Certificates of Origin, data from the monthly report of the Brazilian Coffee Exporters Council (Cecafé) showed. The figure above represents the lowest level for this month since 2018. According
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The U.S. Securities and Exchange Commission (SEC), the top US stock market regulator, is reviewing possible changes to some of the stock market’s most fundamental rules according to remarks made by Chairman Gary Gensler on Wednesday (June 9) at an industry conference in New York. “I’ve asked staff to make recommendations for the Commission’s consideration on best execution, Regulation NMS, payment-for-order flow,
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The London Metal Exchange (LME), the world’s oldest and biggest marketplace for industrial metals, announced on Tuesday (June 8) that its ring trading will reopen on September 6 with official prices of metals to be decided there, as they have been for generations. The iconic open outcry trading floor, with its distinctive red leather circular sofa, the last such venue in Europe,
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The number of registered representatives overseen by the Financial Industry Regulatory Authority Inc. (FINRA) and brokerages declined again last year, according to the broker-dealer self-regulator’s 2021 FINRA Industry Snapshot. FINRA regulates a critical part of the securities industry – brokerage firms doing business with the public in the United States. The 2021 FINRA Industry Snapshot provides a high-level overview of the industry, ranging from
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Investors in ASX-listed ETFs have continued to pile into international equities this year, according to a BetaShares report published last week. International share funds captured a whopping A$2.8 billion of the total A$6 billion or so of net ETF flows on the ASX for the calendar year to 30 April 2021, the analysis by the Sydney-headquartered BetaShares showed. Over A$1 billion of
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US index operators could face tighter regulation in the wake of a US$9 million fine handed to S&P Dow Jones Indices (S&P DJI). The Securities and Exchange Commission (SEC) on May 17, fined the New York-based firm “for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate stale
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