Ahead of the Bell: Dow futures are trading down 27 points and S&P futures are trading down 5 points. Cyprus's bailout and euro zone borrowing cost is weighing on financial markets. Concerns over the financial rescue deal reached by Cyprus and the ECB is dampening investor sentiment and could become the blueprint for the rest of the 17 member bloc. Despite assurances by euro zone finance officials, traders continue to be troubled by the precedence of wiping out some senior bank bond holders and impose losses on larger depositors. The country is set to complete capital measures today to avoid a run on bank deposits.
On the economic calendar today, pending home sales index for February will be out after the opening bell, -0.7% is forecasted versus 4.5% for January. A number of Federal Reserve speakers will be on the speaking circuit, including Charles Evans, Eric Rosengren, Sandra Pianalto, and...
On 27 March 2013, Roch Doliveux, CEO of UCB opened the European stock markets with a Bell Ceremony at NYSE Euronext Brussels to celebrate the placement and the first listing of the 3.75% Fixed Rate Bonds. The transaction was 2.8 times oversubscribed.
UCB, a Brussels listed company with symbol UCB, is a global biopharmaceutical company focused on the discovery and development of innovative medicines and solutions to transform the lives of people living with severe diseases of the immune system or of the central nervous system.
On 4 March the AEX-Index®, the well-known measure of the performance of securities on NYSE Euronext’s Amsterdam Exchange, celebrated its 30th birthday. The AEX® was introduced on 4 March 1983, and was the first national Blue Chip Index in Europe.
The AEX-Index® is made up of the 25 most actively traded securities on the Amsterdam exchange. It contains companies from the top segment of the market, including multinationals such as Royal Dutch Shell, Unilever, ING Groep, Royal Philips Electronics and ArcelorMittal. The AEX measures performance and market sentiment in the Netherlands, and offers international exposure to companies included in the index.
The AEX-Index® was specifically launched so that derivatives such as options and futures could be traded on it. The number of product types traded on the index however has expanded considerably over the years, and there are currently more than 1,000 products linked to the AEX. The past five years have seen a 238% rise in...
In Europe we recently launched the Retail Matching Facility; our new liquidity programme created to facilitate the provision of price improvement opportunities to retail investors, available for the component securities of the AEX-Index®, BEL20®, CAC 40® and PSI20® indices.
Via the facility, NYSE Euronext member banks and brokers in Europe can now execute their retail order flow against new price improving liquidity provided by "Retail Liquidity Providers." Furthermore, they are not required to invest in new connections as they can use their existing access to the European regulated cash markets.
For more information on the service see www.nyx.com/retailmatchingfacility. Included on the website are downloadable statistics showing historic activity on the platform.