Latest news with #STOXX
Business Wire
5 days ago
- Business
- Business Wire
STOXX and ICE collaborate on New Suite of Fixed Income Indices
NEW YORK & ATLANTA--(BUSINESS WIRE)--STOXX Ltd., part of the ISS STOXX group of companies and leading provider of benchmark and custom index solutions to global institutional investors, today announced its collaboration with Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, to support a suite of fixed income climate indices launched on June 2. ICE will provide pricing, reference data, and index calculation services for the new indices. The indices will combine STOXX's proprietary data and index design with ICE's established expertise in pricing and calculation. 'Working with ICE Data Indices enables us to accelerate the delivery of fixed income benchmarks tailored to market demand,' said Axel Lomholt, General Manager at STOXX. 'This collaboration brings together two leading financial companies and skill sets to launch and operate a suite of indices that addresses the growing demand for sustainable investment products in the bond market.' 'By combining STOXX's experience in sustainability data and methodologies with our leading fixed income pricing, reference data and index calculation solutions, together we are creating powerful new benchmark products combining the expertise of two globally recognized and respected providers of data to fixed income markets,' said Chris Edmonds, President of ICE Fixed Income and Data Services. 'We're thrilled to work with STOXX and look forward to continuing to work together on new products and services.' Separately, STOXX is already leveraging ICE's fixed income pricing and reference data for calculation and reporting for its Bond Indices, which tracks the market for German government fixed income securities denominated in euros. The Bond indices have become recognized benchmarks for investors and ETFs of German government bonds, with $3.2 billion in ETF assets under management tracking the indices including more than $2.91 billion in iShares ETFs, as of May 19, 2025. 'Fixed income ETFs have surged in popularity in recent years, reaching $2.6 trillion in global assets under management (AUM) at the end of 2024, and are expected to grow to $6 trillion in AUM by 2030,' said Brett Pybus, Global Co-Head of iShares Fixed Income ETFs for BlackRock. 'As a leading fixed income ETF provider, we continually review indices that can enhance our fund benchmarks. These indices from STOXX, which build on ICE's recognized fixed income data and index services, can offer precise, granular access to the German bond market.' For more information about ICE index solutions, please visit STOXX Ltd. is the owner and administrator of the Bond Indices and will be the owner and administrator of the new STOXX fixed income sustainability indices. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Continuous Evaluated Pricing (CEP™) are provided in the US through ICE Data Pricing & Reference Data, LLC and internationally through ICE Data Services entities in Europe and Asia Pacific. ICE Data Pricing & Reference Data, LLC is a registered investment adviser with the US Securities and Exchange Commission. Additional information about ICE Data Pricing & Reference Data, LLC is available on the SEC's website at About STOXX STOXX® and DAX® indices comprise a global and comprehensive family of more than 18,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. About ISS STOXX ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world's leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX's expertise to help them make informed decisions to benefit their stakeholders. Legal disclaimer: STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. None of their products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or trading strategies. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company and may not be relied on as such. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers. Category: Fixed Income and Data Services SOURCE: Intercontinental Exchange ICE-CORP
Yahoo
5 days ago
- Business
- Yahoo
STOXX and ICE collaborate on New Suite of Fixed Income Indices
NEW YORK & ATLANTA, June 03, 2025--(BUSINESS WIRE)--STOXX Ltd., part of the ISS STOXX group of companies and leading provider of benchmark and custom index solutions to global institutional investors, today announced its collaboration with Intercontinental Exchange (NYSE: ICE), a leading global provider of technology and data, to support a suite of fixed income climate indices launched on June 2. ICE will provide pricing, reference data, and index calculation services for the new indices. The indices will combine STOXX's proprietary data and index design with ICE's established expertise in pricing and calculation. "Working with ICE Data Indices enables us to accelerate the delivery of fixed income benchmarks tailored to market demand," said Axel Lomholt, General Manager at STOXX. "This collaboration brings together two leading financial companies and skill sets to launch and operate a suite of indices that addresses the growing demand for sustainable investment products in the bond market." "By combining STOXX's experience in sustainability data and methodologies with our leading fixed income pricing, reference data and index calculation solutions, together we are creating powerful new benchmark products combining the expertise of two globally recognized and respected providers of data to fixed income markets," said Chris Edmonds, President of ICE Fixed Income and Data Services. "We're thrilled to work with STOXX and look forward to continuing to work together on new products and services." Separately, STOXX is already leveraging ICE's fixed income pricing and reference data for calculation and reporting for its Bond Indices, which tracks the market for German government fixed income securities denominated in euros. The Bond indices have become recognized benchmarks for investors and ETFs of German government bonds, with $3.2 billion in ETF assets under management tracking the indices including more than $2.91 billion in iShares ETFs, as of May 19, 2025. "Fixed income ETFs have surged in popularity in recent years, reaching $2.6 trillion in global assets under management (AUM) at the end of 2024, and are expected to grow to $6 trillion in AUM by 2030," said Brett Pybus, Global Co-Head of iShares Fixed Income ETFs for BlackRock. "As a leading fixed income ETF provider, we continually review indices that can enhance our fund benchmarks. These indices from STOXX, which build on ICE's recognized fixed income data and index services, can offer precise, granular access to the German bond market." For more information about ICE index solutions, please visit STOXX Ltd. is the owner and administrator of the Bond Indices and will be the owner and administrator of the new STOXX fixed income sustainability indices. About Intercontinental Exchange Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)." Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Continuous Evaluated Pricing (CEP™) are provided in the US through ICE Data Pricing & Reference Data, LLC and internationally through ICE Data Services entities in Europe and Asia Pacific. ICE Data Pricing & Reference Data, LLC is a registered investment adviser with the US Securities and Exchange Commission. Additional information about ICE Data Pricing & Reference Data, LLC is available on the SEC's website at About STOXX STOXX® and DAX® indices comprise a global and comprehensive family of more than 18,000 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50®, STOXX® Europe 600 and DAX®, the portfolio of index solutions consists of total market, benchmark, blue-chip, sustainability, thematic and factor-based indices covering a complete set of world, regional and country markets. STOXX and DAX indices are licensed to more than 550 companies around the world for benchmarking purposes and as underlyings for ETFs, futures and options, structured products, and passively managed investment funds. STOXX Ltd., part of the ISS STOXX group of companies, is the administrator of the STOXX and DAX indices under the European Benchmark Regulation. About ISS STOXX ISS STOXX GmbH, through its group companies, is a leading provider of comprehensive and data-centric research and technology solutions that help capital market participants identify investment opportunities, detect qualitative and quantitative portfolio company risks, and meet evolving regulatory requirements. With roots dating back to 1985, we today deliver world-class benchmark and custom indices across asset classes and geographies and serve as a premier source of independent corporate governance, sustainability, cyber risk, and fund intelligence research, data, and related offerings. Our products and services give clients the scale and leverage they need to grow their business more effectively and efficiently. ISS STOXX, which is majority owned by Deutsche Börse Group, is comprised of more than 3,400 professionals operating across 33 global locations in 19 countries. Its approximately 6,400 clients include many of the world's leading institutional investors who turn to ISS STOXX for its objective and varied offerings, as well as companies focused on ESG, cyber, and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS STOXX's expertise to help them make informed decisions to benefit their stakeholders. Legal disclaimer: STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. None of their products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products or trading strategies. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company and may not be relied on as such. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX Ltd., ISS STOXX GmbH, ISS STOXX Index GmbH, Deutsche Börse Group or their licensors, research partners or data providers. Category: Fixed Income and Data Services SOURCE: Intercontinental Exchange ICE-CORP View source version on Contacts ICE Media Contact:Damon (212) 323-8587 media@ ICE Investor Contact:Katia (678) 981-3882investors@ ISS STOXX Media Contact: Sarah Ballpress@ +44 (203) 192 5728 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
International Business Times
26-05-2025
- Business
- International Business Times
Asian Markets Climb as Trump Postpones EU Tariff Threat; Euro Strengthens
Asian markets picked up on the positive note set by last week's cautious optimism. Investors had been awaiting the outcome, as China's factory output is already slowing and Japan's inflation figures suggest constant monetary policy. The latest lift came as U.S. President Donald Trump delayed his 50% tariffs on European Union goods to July 9. The decision provided a short-term respite from trade war worries and buoyed global investor sentiment. Markets across the globe posted limited gains on Monday. MSCI's broadest index of the world's listed shares gained 0.2%, while the pan-European STOXX index rallied 1%, recovering back to where it had been before Trump shocked markets with a warning on tariffs last Friday. The U.S.' decision to suspend the tariffs comes after EU Commission President Ursula von der Leyen asked for more time to negotiate. His policy about-face reminded investors how erratic American trade stances can be, leading many to rebalance their portfolios away from the United States and toward Europe and Asia. Asian shares were a mix of caution and hope. The Nikkei 225 in Japan rose 1 %, its best daily performance for almost two weeks. Gains were seen on Trump's alleged endorsement of Nippon Steel's bid for U.S. Steel, which calmed investors' nerves. There was strong demand for Japanese government bonds as well in the wake of gyrations in super-long yields, and focus was shifting to inflation data due later in the week. The markets in China and Hong Kong slid in the meantime. The Shanghai Composite fell 0.1%, and the CSI300 0.6%. Shares of carmakers and Apple suppliers weighed the indexes down on fears of a price war and possible new U.S. tariffs. However, regional investors continued to monitor broader trends, shifting their focus from the dollar to Asian currencies and stocks. The mood was reflected in currency markets. The dollar index fell 0.1 percent, and the euro rose to $1.1382, its highest level since April. The British pound also edged higher. SEB Research analysts referred to a "toxic cocktail" for the U.S. dollar, including higher risk premiums for U.S. assets, increasing global diversification, and domestic uncertainties. "The American policy is difficult to predict, and confidence in the dollar is being lost," said OCBC strategist Christopher Wong. Asian currencies were mixed. The Indian rupee ended at 85.0850 to the dollar, up 0.1 percent, but it was among the region's weakest performers in May. The offshore Chinese yuan dipped slightly to 7.18. Analysts cautioned that if China lets the yuan float much higher, it would put renewed pressure on the dollar. Brent crude was up 3 percent, to $64.90, and gold dipped a little, to $3,328 an ounce. India's benchmark stock indexes rose about 0.6%, in line with regional trends. Slightly lower bond yields signaled that markets expected further liquidity from the central bank. With U.S. markets closed for Memorial Day, lighter trading volumes were giving Asia's moves more heft worldwide.
Forbes
26-05-2025
- Business
- Forbes
U.S. Futures And European Stocks Rise After Trump Delays EU Tariffs
U.S. stock futures and European markets rose sharply on Monday morning after President Donald Trump said he has agreed to delay the start date of his planned 50% tariffs on goods from the European Union to allow for more negotiations, marking the latest flip-flop on tariffs from the president. File Photo: U.S. President Donald Trump said he spoke with European Commission President Ursula von ... More der Leyen on Sunday. In premarket trading early on Monday, the benchmark S&P 500 Futures rose by 1.26% to 5,890 points, while Dow Futures were up 1.11% to 42,137 points. The tech-heavy Nasdaq Futures climbed 1.4% to 21,270 points. In the EU, the pan-European benchmark STOXX Europe 50 opened above 12,207 points, up more than 1% from Friday, while the broader STOXX Europe 600 also rose around 1%. Other key European indexes also opened in the green, with Germany's DAX and France's CAC 40 rising 1.69% and 1.17% respectively. In a post on his Truth Social platform, Trump said he had received a call from European Commission President Ursula von der Leyen 'requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union.' The president said he agreed to extend the deadline to July 9, and the EU Commission president told him that trade talks between the two sides will 'begin rapidly.' Shortly before Trump's post, von der Leyen tweeted that she had made a 'Good call' with the president and added, 'The EU and US share the world's most consequential and close trade relationship. Europe is ready to advance talks swiftly and decisively. To reach a good deal, we would need the time until July 9.' On Friday, Trump wrote on Truth Social that he will implement a 'straight 50% Tariff' on all goods imported from the EU starting June 1 as he attacked the bloc, saying it was 'formed for the primary purpose of taking advantage of the United States on TRADE.' Trump's post accused the EU of being 'very difficult to deal with' as he described the bloc's value-added taxes, corporate penalties, and 'unfair and unjustified lawsuits against Americans Companies,' as 'trade barriers.' He also claimed that trade negotiations with the EU were 'going nowhere.' This is a developing story.
CNBC
23-05-2025
- Business
- CNBC
Why investors are calling Trump's bluff on 50% tariffs on the European Union
European stocks appear to have mostly shrugged off U.S. President Donald Trump's abrupt threat to impose a 50% tariff on European Union goods, regarding it as a high-stakes negotiating tactic rather than a policy set in stone. It's one message that could be drawn from the price action in the Stoxx Europe 600 index on Friday, which closed down 1% after initial jitters followed Trump's post on Truth Social announcing the decision. It's certainly unlike the 2.5% to 5% losses seen in the days following April 2 "Liberation Day" tariff announcements. .STOXX 5D line Despite the sharp rhetoric, many analysts believe the extreme nature of the 50% tariff threat, its potential economic fallout for the U.S. itself, and the language used by the president point towards a bluff designed to extract concessions. "We believe that this morning's social media posts about a 50% tariff on the EU are primarily a negotiating tactic," Ajay Rajadhyaksha, global chairman of research at Barclays, put bluntly in a note to clients. Rajadhyaksha noted the timing, just hours before U.S. and EU trade officials were due to speak, and the use of the word "recommending" rather than "must" as indicative. "We are guessing here – as is everyone else – but we remain of the belief that the 50% tariff on all EU goods on June 1 won't actually go ahead." However, the Barclays analyst conceded that tariffs are likely to be higher than expected when the dust settles. Rajadhyaksha had previously forecasted 14-17% average tariffs on U.S. imports. "That assumption might be too optimistic. The EU will not end up with 50%, we think, but it now seems the continent could end up with (say) 20%," he added. Andrew Kenningham, chief Europe economist at Capital Economics, echoed this sentiment. "President Trump's threat of a 50% tariff from 1st June may well turn out to be a negotiating tactic and seems very unlikely to be where tariffs settle over the long run," he said. Kenningham warned, however, that "if it were implemented it could result in a substantial fall in GDP in Germany and potentially even higher in Ireland if pharmaceuticals were included," estimating a German GDP hit of around 1.7% after three years. "At this stage, we are not inclined to change our working assumption that tariffs on the EU will ultimately settle around 10% but this underlines that there are risks and that the road to an agreement could be rocky." Tariffs may be too expensive for the U.S. The U.S. imported $606 billion in goods from the EU in 2024, running a goods trade deficit of $236 billion. A 50% tariff, if fully implemented for a year, could cost around $300 billion directly. Using the 2018 trade war with China as a framework, Barclays' Rajadhyaksha pointed out that "roughly 60% of actual tariffs are paid by the consumers of the tariffing country," implying a potential $180 billion hit to U.S. consumers. "The US arguably saw this coming in the case of China and decided that it was too high a price to pay; reciprocal tariffs on China collapsed before there was too much damage done," he explained. "We think it unlikely that the US will be willing to risk a repeat – and this time with its largest trading partner." Risk of retaliation And unlike America's trading relationship with China, the U.S. maintains a large services surplus with the EU, amounting to 109 billion euros ($123.5 billion) in 2023. Proceeding with a 50% import tax rate risks retaliatory measures from the European Union, according to Inga Fechner, senior economist at ING. "Despite the aggressive rhetoric, Trump's tariff threats are often a prelude to negotiation as with China's weekend deal at the beginning of May (which in fact was more a delay than a real deal)," Fechner pointed out. "While the EU is slower to act, it has prepared a couple of retaliatory tariff measures which are currently scheduled to enter into force on 14 July," she said. "And if talks truly collapse, expect the EU to reach for its heaviest artillery, such as tighter regulations on US tech firms, delaying licenses or restricting public procurement access and limiting IP rights and investment flows under the Anti-Coercion Instrument (ACI)." In the off chance that the U.S. tariffs went into effect, Fechner has forecasted a 0.6 percentage-point hit to GDP growth which would "bring the eurozone economy close to recession territory." Salomon Fiedler of Berenberg Economics also sees the move as a pressure tactic. "If actually implemented, such a tariff would result into significant hits to the EU and US economies," the economist said, adding that the inflationary effect of the tariffs would also make the U.S. central bank more likely to keep interest rates higher than needed. "Given the damage the US would do to itself with this tariff, he will probably not follow through," Fiedler added. "Still, the threat cements our view that the EU will probably not be able to negotiate away the 10% baseline tariff which Trump imposed on almost all US trade partners." Jordan Rochester, a fixed income and currency strategist at Mizuho questioned whether Trump's strategy was merely to '"escalate to de-escalate?" Rochester calculated that a 50% reciprocal tariff, excluding currently exempt items like pharma and semiconductors, would mean a "25% effective rate for the EU." He added that "markets and EU policy makers will hope this is a move by Trump to unlock trade talks and not a permanent situation."
