Investec's Wyn-Evans Comments On French Election

Commenting on the French presidential election first round result, John Wyn-Evans, Head of Investment Strategy at Investec Wealth & Investment, said: “The news today that the independent Emmanuel Macron and the far right Marine Le Pen have prevailed at the polls, setting up a final head-to-head in 2 weeks’ time, is seen as positive. Given the circumstances, this was the market’s preferred outcome, and the expectation now is that M Macron will prevail in the second round.

Man Booker Prize Shortlist Announced

The Man Booker International Prize today, Thursday 20 April, reveals the shortlist of six books in contention for the 2017 prize, which celebrates the finest works of translated fiction from around the world.

Each shortlisted author and translator receives £1,000. The £50,000 prize for the winning book will also be divided equally between its author and translator.

The 2017 shortlist is as follows:

Russell 2000® Index Futures & Options In CME Return

Derivatives marketplace CME Group today announced that starting July 10, 2017, CME Group will launch both futures and options based on the Russell 2000® Index, as well as basis trade at index close (BTIC) functionality on the futures contracts, pending regulatory approval.

The full list of new contracts available to trade follows:

·         E-mini® Russell 2000® Index Futures

SGX/World Bank Launch Bonds Education Partnership

Singapore Exchange (SGX) and the World Bank (International Bank for Reconstruction and Development) today announced an education partnership to raise investor awareness for bonds that achieve a positive social impact. 

Under this partnership, SGX and the World Bank will offer a series of events through SGX Academy about the opportunities for retail investors offered by World Bank sustainable development bonds.

ESMA Appoints New Board Members

The European Securities and Markets Authority has appointed two new members to its Management Board to replace two out of the three outgoing members whose mandates end on 31 March. The appointments took place at the Board of Supervisors meeting in Paris on 29 March and these are:

•             Sebastián Albella-Amigo, Comisión Nacional del Mercado de Valores, Spain; and

•             Birgitte Søgaard Holm, Finanstilsynet, Denmark.

BCS Appoints Duke, Bevan

BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has today announced the appointment of Bradley Duke and Tim Bevan as co-CEO’s of its UK entity, BCS Prime Brokerage Ltd (BCS UK).

BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies and business lines. 

Why the PBoC Raised Rates

Diana Choyleva, Chief Economist at Enodo Economics, commented on the People's Bank of China raising interest rates today..

'As you know the Pubco raised interbank rates today and most commentary focuses on China following the Federal Reserve in tightening. But the market underestimates the domestic reasons behind the PBoC's tightening bias.

Unigestion: Inflation Is On Its Way

Unigestion, the boutique asset manager with scale, reports that its Nowcaster indicators are highlighting stronger inflation and growth around the world. 

Amidst market excitement around the possibility of an imminent Fed rate hike, Unigestion’s Nowcasters are pointing to stronger inflation and growth - with the overall trend moving beyond reflation to inflation.  The stars are aligned for growth to make a longer-lasting appearance around the world. 


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