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October 31, 2012
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  Top Stories 

  • Bank of Japan extends bond buying; industrial output drops
    The Bank of Japan has moved to keep lending costs down by extending its bond-buying program, although economists warn that the effort fails to address the core issue of flagging demand. As if to confirm that, the government reported Japan's industrial output plunged 4.1% month-to-month in September. BBC (10/30) , The Wall Street Journal (10/29) LinkedInFacebookTwitterEmail this Story
  • Germany registers 7th monthly rise in unemployment
    Although Germany's unemployment rate held steady at 6.9% last month, the number of Germans without jobs rose to 2.937 million. It was the seventh month of increase and indicates that even the industrial engine of Germany is feeling the effects of the eurozone downturn. Fox Business (10/30) LinkedInFacebookTwitterEmail this Story

  • UBS cutting 10,000 jobs
      
    Reuters
    UBS's fixed-income business is among the casualties as the Swiss bank plans to eliminate 10,000 jobs worldwide. Most of the cuts are scheduled for Switzerland, London and the U.S. UBS Australia, however, will be spared. Reuters (10/30) , The Sydney Morning Herald (Australia) (10/30) LinkedInFacebookTwitterEmail this Story

 Advance your understanding of equity portfolio construction
Don’t miss the Advances in Equity Portfolio Construction Program on 20–21 November in Singapore, hosted with EDHEC-Risk Institute. This two-day seminar offers the technical and conceptual tools to better understand the limits and benefits of different portfolio construction approaches. CFA Institute members receive a 25% discount on registration.
 

  Market Activities 
  • INTERNATIONAL MARKETS OVERVIEW
    European stocks got a strong lift Tuesday from favorable corporate earnings reports and climbing home prices in the U.S., where markets were closed due to a weather emergency. The Stoxx Europe 600 added 0.85% to end the day at 271.76. Here is a continuously updated list of global stock indexes. The Wall Street Journal (10/31) , Bloomberg Businessweek (10/30) LinkedInFacebookTwitterEmail this Story
  • Asian markets take cue from disappointing Bank of Japan action
    The Japanese central bank's decision to extend its bond-buying program proved less than inspiring, leaving some markets across Asia to drift lower Tuesday. The Nikkei declined 0.98% to 8,841.98, and the Hang Seng was down 0.38% to 21,428.58, but the Kospi was up 0.43% at 1,899.58 and the S&P/ASX edged up 0.20% to 4,485.70. Bloomberg (10/30) LinkedInFacebookTwitterEmail this Story
  Economic Trends & Outlook 
  • India sees drop in August FDI after sharp gain in July
    Foreign direct investment in India fell 20% in August from a year before after a 60% year-to-year surge in July. The Department of Industrial Policy and Promotion noted the monthly figures tend to fluctuate but added that new openings to FDI in multi-brand retailing and civil aviation should begin pulling in more investment. The Economic Times (India) (10/30) LinkedInFacebookTwitterEmail this Story
  Capital Markets & Financial Products 
  • Fund managers taking another look at Chinese stocks
    China's stock markets might be due for a turnaround after three years out of favor with many investors, fund managers say. "We have seen so much negative sentiment on China that it doesn't take much positive news" to lift the markets, said Andrew Milligan, head of global strategy at Standard Life Investments. AsianInvestor.net (10/29) LinkedInFacebookTwitterEmail this Story

  • As Taiwan stocks dive, margin traders exit
    A declining Taiwanese stock market has forced many margin traders out, as reflected by a sharp decline in outstanding margin loans. More exits may be in store, as the overall margin-loan maintenance rate fell to 140.3% Monday, just above the alert line of 140% for triggering margin calls. China Economic News Service (Taiwan) (10/30) LinkedInFacebookTwitterEmail this Story
  Industry & Regulatory Update 
  • Deutsche Bank prepares securities lending operation in India
    With the prospect of regulatory opening for insurers, Deutsche Bank is opening a securities lending operation next month in India, with two or more traders in Mumbai. The move, confirmed by Anand Rengarajan, head of direct securities services for Deutsche in India, will make Deutsche the second foreign custodian with such services after Citi of the U.S. AsianInvestor.net (10/30) LinkedInFacebookTwitterEmail this Story
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