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12/11/2019

The environmental, social and governance investments market would benefit from standardization as ESG moves into the mainstream, panelists at a London conference said. CME Group's Paul Woolman said "we have found ESG is not always interpreted in the same way by different investors and clients which can be a challenge from a product perspective."

12/11/2019

A preelection YouGov poll indicates that a 68-seat majority British Prime Minister Boris Johnson's Conservative Party is slated to win Thursday has narrowed to 28 seats and that failure to win an outright majority is possible. "Based on the model, we cannot rule out a hung Parliament," says Anthony Wells, director of political research at YouGov.

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YouGov
12/11/2019

The London Stock Exchange has asked members for input on proposals to shorten the trading day by as much as 90 minutes. The move follows calls by industry groups, including the Association for Financial Markets in Europe, to review the length of the existing trading day amid fears it is bad for diversity, well-being and workplace culture.

12/11/2019

Shares of Saudi Aramco were up 10% ahead of today's market debut, the maximum allowed by the Saudi stock exchange, based on bids submitted for a premarket auction.

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Saudi Aramco
12/11/2019

Blackrock has warned that equity markets will struggle to match this year's double-digit returns in 2020 as central banks will likely hold off on further monetary easing. "In 2019, the impact of the shift in monetary policy overwhelmed the actual impact from geopolitics to cause outsized, extraordinary returns -- that's not what we're talking about for next year," says BlackRock Investment Institute chief fixed-income strategist Scott Thiel.

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Scott Thiel
12/11/2019

Equity traders on both sides of the Atlantic are buying up options to help hedge their holdings against rising political risk. "Downside protection in [the] S&P is extremely rich, while upside sees little to no interest," says Nomura Securities equity derivatives strategist Charlie McElligott.

12/11/2019

Firms that administer financial benchmarks have welcomed expansion of the UK Financial Conduct Authority's Senior Managers and Certification Regime, which makes individuals accountable for actions. "The decision to extend the regime to benchmark administrators is highly appropriate and makes sense," says David Clark, chairman of WMBA, which administers the Repurchase Overnight Index Average.

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Practice Insight
12/11/2019

The top five financial institutions in the EU accounted for 47% of outstanding credit derivatives notionals, according to an analysis of European Securities and Markets Authority data. The group, which excludes central counterparties, held 44% of currency amounts, 41% of commodities amounts and 40% of equity amounts.

12/11/2019

Nasdaq has launched an online platform for information on sustainable bonds. The Sustainable Bond Network has data from US and European issuers, as well as a standardized format for impact reporting.

12/11/2019

Trade negotiators are working to delay a new round of tariffs the US is scheduled to impose on Chinese goods on Dec. 15. White House economic advisor Larry Kudlow has said there are "no arbitrary deadlines" on the matter but also noted that "those tariffs are still on the table" if President Donald Trump isn't happy with the agreement reached.