Only gold profits from Fed decision Energy: Events on the oil market continue to be characterized by high levels of volatility, oil prices once again repeatedly fluctuating by $1-1.5 during the course of trading yesterday. It is virtually impossible to identify any clear trend at the moment, though in our opinion the bullish factors are likely to predominate in the medium term. In recent days, we have made frequent reference to an imminent tightening of non-OPEC supply, which should help restore the balance on the oil market as early as next year. The outlook on the demand side has also brightened considerably of late, however. The already strong demand from China should even derive further positive impetus from the stimulus measures implemented by the government and central bank. We also believe that the latest fall in car registrations in China, which gave rise to negative sentiment recently, was due above all to psychological factors and will soon be reversed. China reported today that real estate prices in major cities in August rose again for the most part (sharply in some cases). In addition, the Chinese stock markets appear to be stabilizing. The impact of the interest rate decision taken by the US Fed on sentiment among oil investors should not be underestimated either, nor should the way international financial markets and foreign exchange markets have reacted to it. The fact that the US Fed has expressed explicit concern about a strong US dollar should limit the greenback’s upside potential. A weaker US dollar is frequently accompanied by a rising oil price.
Precious metals: The gold price climbed to a two-week high of a good $1,130 per troy ounce yesterday evening on the back of a depreciating US dollar. As we had anticipated, the US Federal Reserve chose not to raise interest rates yet yesterday. The latest turmoil in the emerging markets, the increased volatility on the financial markets and the low rate of inflation in the US were doubtless what prompted the Fed to leave interest rates unchanged.
Furthermore, Fed Chair Yellen emphasized the negative impact of the strong US dollar on inflation, and also gave no clear indication that a rate hike might be imminent. Nonetheless, she did make reference to the fact that a majority of FOMC members expect interest rate hikes to begin before the year is out. Our economists believe that these are more likely to start in December than in October because a whole series of additional economic data – labour market reports in particular – will then be available to enable a better appraisal of the situation. Until such time as a first rate hike is made, we expect the gold price to continue trending sideways within a relatively narrow trading band, as it has done in recent weeks.
Meanwhile, physical gold demand in India is clearly weak: according to trading sources, the discount on gold prices there as compared with world market prices in London already amounted to as much as $10 per troy ounce this week, which is surprising given that the festival season is just around the corner.
WisdomTree Quantum Computing UCITSETF investerar i företag som aktivt är involverade i kvantberäkning. Endast företag som specialiserar sig på kvantberäkning och uppfyller krav på börsvärde och likviditet beaktas. Vid varje ombalansering begränsas den maximala viktningen för ett enskilt företag till 15 procent. Företag som är involverade i kontroversiella vapen exkluderas.
Produktutbudet inom Deutsche Börses ETF- och ETP-segment omfattar för närvarande totalt 2 530 ETFer, 203 ETCer och 278 ETNer. Med detta urval och en genomsnittlig månatlig handelsvolym på cirka 25 miljarder euro är Xetra den ledande handelsplatsen för ETFer och ETPer i Europa.
Bitcoin is running out. Literally, out of a total 21 million coins, 3.7 million are lost forever. That leaves only 16.3 million in circulation and just 1 million left to be mined. Imagine 60 million millionaires worldwide fighting for Bitcoin: each could only get 0.28 BTC. The question is simple: do you own any Bitcoin?
Perps explained: How Hyperliquid and dYdX are powering the next phase of crypto trading
Perpetual futures contracts, or “perps,” let traders speculate on the future price of cryptocurrencies like Bitcoin or Ethereum without actually owning them and without any expiration date. They are rapidly gaining popularity on decentralized exchanges such as Hyperliquid and dYdX, which offer deep liquidity, seamless access, and efficient on-chain trading, making it easier than ever for users to participate in this growing market.
Think of Solana as a super-fast highway where transactions are cars, but order can get messy. Jito’s BAM acts as a smart traffic controller, organizing transactions efficiently. This major upgrade from Solana’s largest liquid staking provider improves block building, transaction sequencing, and value flow, marking a key milestone for developers, users, and SOL holders.
Research Newsletter
Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com
Disclaimer
The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.
Xtrackers II Target Maturity Sept 2032 EUR Corporate Bond UCITSETF 1D (XB32 ETF) med ISIN LU2809864452, försöker följa Bloomberg MSCI Euro Corporate September 2032 SRI-index. Bloomberg MSCI Euro Corporate September 2032 SRI-index följer företagsobligationer denominerade i EUR. Indexet speglar inte ett konstant löptidsintervall (som är fallet med de flesta andra obligationsindex). Istället ingår endast obligationer som förfaller mellan oktober 2031 och september 2032 i indexet (denna ETF kommer att stängas i efterhand). Indexet består av ESG (environmental, social and governance) screenade företagsobligationer. Betyg: Investment Grade.
Den börshandlade fondens TER (total cost ratio) uppgår till 0,12 % p.a. Xtrackers II Target Maturity Sept 2032 EUR Corporate Bond UCITSETF 1D är den enda ETF som följer Bloomberg MSCI Euro Corporate September 2032 SRI-index. ETFen replikerar det underliggande indexets prestanda genom samplingsteknik (köper ett urval av de mest relevanta indexbeståndsdelarna). Ränteintäkterna (kupongerna) i ETFen delas ut till investerarna (Årligen).
Denna börshandlade fond lanserades den 25 september 2024 och har sin hemvist i Luxemburg.
Index nyckelfunktioner
Bloomberg MSCI Euro Corporate September 2032 SRI Index syftar till att spegla resultatet på följande marknad:
Endast investeringsklass
Euro-denominerad företagsobligationsmarknad med fast ränta
Obligationer med förfallodatum på eller mellan 1 oktober 2031 och 30 september 2032
Exklusive obligationer som inte uppfyller specifika miljö-, sociala och styrningskriterier
Från och med den 1 oktober 2031 kommer referensindexet även att inkludera vissa eurodenominerade statsskuldväxlar utgivna av vissa europeiska regeringar med 1 till 3 månader kvar till löptid
Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRO, Nordnet, Aktieinvest och Avanza.