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Shanghai composite index plunges 7.4% as sentiment turns cautious
trueThe Shanghai Stock Exchange Composite index plunged 7.4% Friday to close at 4,192.8
Grantham calls for prudent investing, says low interest rates hurting every asset class
trueJeremy Grantham's firm is allocating assets “with great difficulty,” he said while speaking at the 2015 Morningstar Investment Conference in Chicago on Wednesday.
Fed not ready to raise rates
trueA slight uptick in job gains for the second quarter did not persuade members of the Federal Open Market Committee to raise the federal funds rate.
Luminex Trading names president
trueJonathan A. Clark was named president of U.S. equity dark pool Luminex Trading & Analytics.
Canadian exchange casting itself as fairer alternative to TSX
trueA new exchange formed by Royal Bank of Canada hopes to lessen the impact of high-frequency trading in Canadian markets while offering an alternative venue to the Toronto Stock Exchange.
EU prepares for worst as prime minister drives Greece to the brink
trueEuropean officials are preparing for the worst as Prime Minister Alexis Tsipras' brinkmanship pushes Greece's finances to the limit.
Best execution a real conundrum
trueMarket participants agree on the principle of best execution in trades. But how they define best execution is another story.
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.