Most Clicked CFA Institute Financial NewsBrief Stories

1. U.S. economy accelerated in Q2

CFA Institute Financial NewsBrief | Jul 31, 2015

U.S. gross domestic product advanced an annualized 2.3% in the second quarter, while Q1 GDP was upgraded to a 0.6% gain, the Commerce Department said. A 2.9% increase in consumer spending drove Q2's higher growth rate. Bloomberg (30 Jul.)

2. Upbeat Fed assessment might set stage for Sept. rate hike

CFA Institute Financial NewsBrief | Jul 30, 2015

The Federal Reserve's policymaking committee has issued a cautiously optimistic report that says moderate economic growth is producing "solid job gains and declining unemployment." The tone suggests the central bank is close to raising its benchmark interest rate, possibly as early as mid-September. The Federal Open Market Committee has unanimously voted to keep interest rates close to zero a little longer. MarketWatch (29 Jul.) U.S. News & World Report (29 Jul.) The New York Times (free-article access for SmartBrief readers) (29 Jul.)

3. What changes are most necessary for the private-wealth industry?

CFA Institute Financial NewsBrief | Jul 28, 2015

4. China to keep buying stocks to prop up market

CFA Institute Financial NewsBrief | Jul 28, 2015

Government purchasing of shares will continue to stabilize the stock market, according to the China Securities Regulatory Commission. China Securities Finance will make the investment. Rumors had circulated that the margin-financing provider had withdrawn stabilization efforts after stocks plunged Monday. China Daily (Beijing) (28 Jul.) Bloomberg (27 Jul.) The Wall Street Journal (tiered subscription model) (27 Jul.) USA Today (27 Jul.)

5. IMF: ECB might need to extend QE to boost eurozone

CFA Institute Financial NewsBrief | Jul 28, 2015

The International Monetary Fund has warned of modest medium-term growth for the eurozone and that the European Central Bank might need to print money beyond September 2016. "Directors urged policymakers to use all the available instruments, if needed, to manage contagion risks that might originate from Greece," according to the IMF. "They also highlighted the need to continue enhancing the architecture of the monetary union and European firewalls." Financial Times (tiered subscription model) (27 Jul.) Bloomberg (27 Jul.) Reuters (27 Jul.) BBC (27 Jul.)

6. Renminbi might be nearing wider global acceptance

CFA Institute Financial NewsBrief | Jul 30, 2015

A $100 billion shift into China's renminbi is possible if the International Monetary Fund brings the currency into its Special Drawing Rights basket. Financial Times (tiered subscription model) (29 Jul.)

7. Private equity funds hold record amounts of dry powder

CFA Institute Financial NewsBrief | Jul 30, 2015

At the end of the second quarter, private equity funds held a record $1.3 trillion of uncommitted funds for future investments, according to data provider Preqin. Buyout funds accounted for $475 billion of that amount. Funds focused on real estate investments accounted for $253 billion. ThinkAdvisor (29 Jul.)

8. Athens Stock Exchange to remain closed Wednesday

CFA Institute Financial NewsBrief | Jul 29, 2015

Officials are waiting for a ministerial decree before trading can resume on Greece's stock market. Greece received approval Tuesday from the European Central Bank to reopen the market, which has been closed since June 29. Reuters (29 Jul.)

9. Study: Currency volatility doesn't prevent high stock returns

CFA Institute Financial NewsBrief | Jul 31, 2015

Even amid currency swings, investors with broad exposure to global equity markets can earn as much as 12% annually, says a study by Cass Business School, the Bank of England and City University of Hong Kong. Exchange-rate movement does little to undercut returns, according to an analysis of more than 30 years of data from more than 40 stock markets. Reuters (30 Jul.)

10. Speculators' view of oil prices most pessimistic in 5 years

CFA Institute Financial NewsBrief | Aug 03, 2015

Speculators including hedge funds have slashed their bets on higher oil prices in the derivatives market to the lowest level in almost five years. Data from the Commodity Futures Trading Commission show that funds have the least exposure to net-long positions in U.S. crude futures and options since September 2010. Reuters (31 Jul.)