Currency Managers Up in November

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Top Headlines

Currency Managers Up in November – Profit & Loss Currency managers shook off two successive down months with a positive performance in November, according to the Parker FX Index, however 2015 continued to be a struggle for returns.

Global Stocks Stabilize After Chinese Action – Wall Street Journal (subscription) Intervention by People’s Bank of China calms markets after sharp selloff.

China Imposes Ban on Foreign Bank FX Activity – Profit & Loss At least three foreign banks have been ordered to suspend foreign exchange business in China.

 

 

Regulatory News

Ex-BoE Deputy Governor Warns on Slowing Pace of Regulation – E Financial News Sir Paul Tucker, one of the most senior figures in European post-crisis financial regulation, has warned that the international programme of regulatory reform is at risk of losing momentum at a time when rule-making on important issues remains unfinished.

Fischer Worries Fed Can’t Head Off or Contain Financial Crises – Bloomberg Federal Reserve Vice Chairman Stanley Fischer sounds concerned that the central bank may lack some key tools needed both to prevent another financial crisis and to contain the fallout should one occur.

 

 

Company News

High-Speed Trader DRW Proposes Thousand-Foot-Plus Tower in Rural England – Wall Street Journal (subscription) Height will ensure even Earth’s curvature won’t impede ability to transmit data to continental Europe.

The Final Days of the Bitcoin Foundation? – Bloomberg Bruce Fenton, executive director at the Bitcoin Foundation, opened its Dec. 15 board meeting with a sense of urgency: “We need additional funds if we wish to retain employees.” The numbers didn’t look good.

 

 

Market Savvy  

Finance Chiefs Eye Value in Bonds and Emerging Markets – E Financial News Emerging market equities are staging a comeback alongside global equity markets as one of the best value asset classes for 2016, according to chief executives in European finance. There are also high hopes for bonds, particularly high yield, over the next 12 months.

Commodity Exposure in 2016 Requires Care – Financial Times Having serially disappointed investors for a while, commodities could well offer investors one of the most compelling investment opportunities in 2016.

The Year the Hedge-Fund Model Stalled on Main Street – Wall Street Journal (subscription) Enthusiasm is fading for what had become one of the hottest products in asset management.

Pound Sluggish on BOE Policy Doubts, Looming Risk in Referendum – Bloomberg The pound’s first day of trading in 2016 highlighted the challenge traders face. Sterling swayed between gains and losses after economic data failed to lend clarity to the future monetary-policy path of the Bank of England.

 

 

Press Releases

Riksbank Hints at Intervention – Profit & Loss A statement by Riksbank governor Stefan Ingves has raised expectations that the Swedish central bank will step into the market to curb krona strength.

Market Opening Failures Increased Summer Volatility – The Trade News Trading regulations and market opening processes have been blamed for high market volatility seen during the summer of 2015, according to a preliminary report by the US Securities and Exchange Commission (SEC).

 

 

Industry Events