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Investors pushing out of peripheral European bonds to safety of Germany, France
trueContinued uncertainty related to Greece’s ability to meet loan obligations, a potential exit from the eurozone and worries of a contagion effect to Spain has pushed investors to sell out of peripheral European bonds and opt for German and French government bonds.
FTSE announces first emerging markets indexes with China A-shares exposure
trueFTSE on Tuesday announced the launch of two “transitional indexes” allowing institutional investors to add an initial increment of China A-shares exposure to their emerging markets benchmarks.
Fed cites weakening economic data in reaffirming low rates
trueThe Federal Open Market Committee's decision to reaffirm the zero-to-0.25% target range for the federal funds rate at its April 28-29 meeting was based on weakening economic data, moving the path to higher rates further into the future, said meeting minutes released Wednesday.
Moody's downgrades Chicago credit to junk on continuing pension concerns
trueMoody's Investors Service downgraded the city of Chicago's credit rating to Ba1 from Baa2 as a result of the Illinois Supreme Court's ruling May 8 that the Illinois pension reform law of 2013 is unconstitutional.
Yellen on the question of wages
trueFed Chair Janet Yellen has stressed the importance of wage inflation in influencing the Federal Open Market Committee's decision to start raising interest rates. April's average hourly earnings for all workers rose just 0.1% month-over-month and 2.2% year-over-year. She has said that she would like to see 3%-4% wage gains or be reasonably confident that they are heading in that direction. The three-month change in this measure of wages settled down to 1.8% (seasonally adjusted) during April from 3.6% during March. Nothing to get Ms. Yellen too excited, which seemed to get the stock market very excited on Friday.
Conservative Party's election victory boosts U.K. markets
trueThe U.K. equities market received a boost Friday from an unanticipated outcome in the general election, with the Conservative Party set to form an outright majority government.
BATS Global names global head of exchange-traded products
trueLaura Morrison was named senior vice president, global head of exchange-traded products, at BATS Global Markets.
BATS to launch second options exchange
trueBATS Global Markets plans to launch EDGX Options, its second options exchange, said a filing Thursday with the Securities and Exchange Commission.
IACPM: Credit default concerns increase in North America, improve in Europe
trueCredit portfolio managers are growing more optimistic about the credit outlook in Europe, while growing more pessimistic about the outlook in North America
BofA survey: Managers increasingly view equities, bonds as overvalued
trueA growing proportion of money managers believe equity and bond markets are overvalued, said Bank of America Merrill Lynch's monthly fund manager survey.
Nasdaq to calculate, market Keefe Bruyette & Woods indexes
trueKeefe Bruyette & Woods’ index family will be calculated and marketed by Nasdaq OMX Group through a partnership announced Wednesday.
'Somewhat' moderated growth led to FOMC decision, minutes show
trueThe Federal Open Market Committee’s decision to reaffirm the zero to 0.25% target range for the federal funds rate at its March meeting was based on “somewhat” moderated economic growth since January, according to meeting minutes released Wednesday.
China taking steps to open capital markets ahead of MSCI decision
trueChina’s regulators are taking more aggressive steps to open the country’s capital markets to foreign investors in the run-up to a midyear decision by MSCI Inc. on whether to begin adding China’s A shares to the firm’s benchmark equity indexes.
Towers Watson: Institutional investors remain uncertain over future of global economy
trueInstitutional investors continue to be uncertain about the global economy, a new Towers Watson survey says.
ISDA issues principles for rules governing the centralized execution of swaps
trueThe International Swaps and Derivatives Association on Wednesday issued principles to be applied to rules governing centralized execution of swaps and called for alignment in swap-execution facility rules across national borders.