Europe overcomes bad results
23 September 2014 Frankfurt
Image: Shutterstock
European H1 earnings in the securities lending market has yielded more opportunities for fast money shorting on disappointing results, according to research from Deutsche Bank.
According to Deutsche Bank’s securities lending team, the Japanese central bank has maintained its view that the country’s economy has continued to moderately recover during August.
The risk arbitrage community also showed steady interest in Burger King’s acquisition of Tim Horton’s.
The MSCI World 30-day volatility index increased by 20.43 percent over the month, ending at 8.63 on 25 August 2014.
Gross fundamental equity exposure increased by 1.2 percent (ending at 2.84), while net fundamental equity exposure remained unchanged last month ending at 0.69 percent.
Also during August, in the US, two Federal Reserve members gave speeches focused on remaining regulatory reforms post-crisis in relation to non-banks and to regulation of systemically important financial institutions.
In Europe, the European Securities and Markets Authority (ESMA) published the official translations of the guidelines on reporting obligations under Articles 3 and 24 of the Alternative Investment Fund Managers Directive.
Additionally, ESMA published a letter from the European Commission stating that it will not be able to provide clarity on the definition of a foreign exchange derivative under MiFID1.
According to Deutsche Bank’s securities lending team, the Japanese central bank has maintained its view that the country’s economy has continued to moderately recover during August.
The risk arbitrage community also showed steady interest in Burger King’s acquisition of Tim Horton’s.
The MSCI World 30-day volatility index increased by 20.43 percent over the month, ending at 8.63 on 25 August 2014.
Gross fundamental equity exposure increased by 1.2 percent (ending at 2.84), while net fundamental equity exposure remained unchanged last month ending at 0.69 percent.
Also during August, in the US, two Federal Reserve members gave speeches focused on remaining regulatory reforms post-crisis in relation to non-banks and to regulation of systemically important financial institutions.
In Europe, the European Securities and Markets Authority (ESMA) published the official translations of the guidelines on reporting obligations under Articles 3 and 24 of the Alternative Investment Fund Managers Directive.
Additionally, ESMA published a letter from the European Commission stating that it will not be able to provide clarity on the definition of a foreign exchange derivative under MiFID1.
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