British insurer Legal & General invests in the ETF market, acquiring ETF Securities’ Canvas platform, dedicated to the production of these white label products in Europe, and $ 2.7 billion of assets in a the context of strong growth in passive management and uncertainty about access to the European market in view of Brexit.… Lire

Broadcom semiconductor manufacturer (AVGO) has filed an unsolicited takeover bid for its US $ 100 billion rival Qualcomm (QCOM) in cash and shares.

Note that at the same time Qualcomm has made an offer on NXP up to 40 billion dollars.… Lire

The SRI (Socially Responsible Investing) offering is growing among ETF issuers in Europe.

BNP Easy ETF ECN (BNP PARIBAS EASY Low Carbon 100 Europe), which replicates the Euronext Low Carbon 100 Europe index, is one of the most important examples. This index selects 100 European companies based on their environmental approach, as well as companies focused on energy efficiency and renewable energies.… Lire

Prime Minister Shinzo Abe won a decisive victory in Japan’s parliamentary elections on Sunday, as his ruling bloc retains a qualified majority that could allow it to demand a revision of the country’s pacifist constitution.

This election should allow him to stay in power until 2021.… Lire

The Palladium has just crossed the $ 1,000 per ounce mark, a 50% increase since the beginning of the year!

Palladium is particularly used in the manufacture of catalytic converters for gasoline and hybrid vehicles. It should remain supported by a supply deficit as part of the development of this technology, unlike Platinum more used to reduce the polluting emissions of diesel vehicles, which seem condemned following scandals in recent years.… Lire

The decline in TUR (Lyxor) prices accelerated with a drop of 5.2%, to 41.5 € for the day of Monday 9 October, following a series of declines since late August (48.9 €)

Tensions with the United States, materialized by the suspension of visa services between the two countries, plunged the Turkish Lira at the beginning of the week, causing the Turkish Stock Exchange to fall.… Lire

According to UBP (Union Bancaire Privée), the upside potential of emerging markets is far from being exhausted, especially because the small caps have not yet taken off. Indeed, the cycle of local consumption has not yet recovered.

Emerging small cap stocks could therefore benefit from the evolution of the economic cycle of their zone in the future given their high exposure to their domestic market.… Lire

The situation is deteriorating in Spain with the Catalan problem, but the impact on long 10-year rates remains moderate (1.77%, +20 bp in 8 days) so no financial crisis at the moment.

The situation is complex: the possible declaration of independence is problematic because there is no legal basis for voting or a democratic process (no debate or campaign).… Lire

Acquisitions are continuing among ETF issuers.

Invesco ($ 125 billion in ETF assets) will acquire Guggenheim’s 79 ETFs, which represent a total of $ 37 billion, which will enable it to become the fourth largest ETF provider behind iShares, State Street and Vanguard.… Lire

Portugal’s deficit for the first time fell below 3% of GDP last year, and growth could reach 2.8% in 2017.

The rating agency Standard and Poor’s has just raised the rating of Portuguese debt, leaving it out of the category of speculative investments in which it had been relegated when the country had used an international aid plan.… Lire