This website uses cookies in order to improve user experience. Any securities described on this website have not been and will not be registered under the u. Securities act of 1933 as amended and trading in the securities has not been approved for purposes of the u. Deutsche bank dukes fuqua school of business duke university. While on a visit to the commodities unit of a major investment bank in new york roughly seven years ago, one was enveloped by a sense of exuberance on the trading floor. Deutsche bank was among the first financial firms a decade ago to challenge the long dominance of goldman sachs and morgan stanley in commodities trading. Citi buys deutsche commodities trading book in expansion. For private investors, however, investing in commodities via commodity futures is, in general, costly and difficult to handle. The correlation of commodities to other asset classes has collapsed to precrisis. Soft commodities compact progress report introduction as a member of the banking environment initiative bei1, deutsche bank together with eleven other financial institutions adopted the soft commodities compact the compact2, a voluntary initiative developed by the consumer goods forum3 and the bei in 2014. Thanks for all your interactions and feedback on the report.
European banks have taken a substantial initial hit from the corona crisis in q1, but so far digested it relatively well. Deutsche bank slashes commodity trading operations. Brent crude oil future ice july 2020 deutsche bank. Deutsche bank is pulling out of the bulk of its commodities business in a costcutting drive that will shrink the lenders balance sheet further the bank will wind down trading in energy. The dblcioy indices are available for 24 commodities drawn from the energy, precious metals, industrial. Thus, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Secondary commodities are produced from primary commodities to satisfy specific. Commodities derivatives disclosure annex material economic terms. Deutsche bank ag oil and commodities the 2008 price spike was not an anomaly june 2011 adam sieminski, chief energy economist commodities research adam. Dbiq optimum yield diversified commodity index excess return. Oy description means the description of the deutsche bank liquid commodity optimum yield sub. Xtrackers physical gold etc eur xtrackers etc value 167.
Fanny sensen fortis global markets center for energy and environmental studies prof. Deutsche bank quits commodities under regulator pressure reuters, dec. The financial holdings companies currently authorized by the board to engage in complementary physical commodities activities are bank of america corporation, barclays bank plc, bnp paribas, citigroup inc. Deutsche bank research focuses on macroeconomic analysis and growth trends. Paul horsnell managing director and head of commodities research bnp paribas ms. Global search and download of all publications, studies, analysis. This is not a benchmark as defined in the eu benchmarks regulations 10112016, or any other equivalent legislation. Deutsche bank research focuses on macroeconomic analysis and growth trends, economic and social policy issues, research on the financial sector and its regulation.
Get detailed information about the deutsche bank commodity x2 short etf including price, charts, technical analysis, historical data, deutsche bank commodity x2 short reports and more. Critical commodities finance program ccfp 810 working capital solutions wcs 11. Whereas commodities energy and materials had the largest weighting in the msci asia exjapan 10 years ago, tech now leads the rankings with a 39% share. Since the beginning of the last decade, the commodity markets for metals, crude oil, wheat, corn and. The commodity futures trading commission commission has reason to believe that. April 23, 2020 the global economic shock of the covid19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the world bank said in its april commodity markets outlook. This communication was prepared solely in connection with the promotion or marketing, to the extent permitted by applicable law, of the transaction or matter addressed herein, and was not intended or written to be used, and cannot be. We have decided to pause the corona crisis daily at the end of this week as new case growth and fatalities have been suppressed for now. Dow jonesubs commodity index 246 forward blend total return. Deutsche bank research economic cycle,growth trends.
Energy and metals commodities are the most affected by the sudden stop to economic activity. Similarly, morgan stanley reported higher revenue in commodities, despite a 35% fall in its fixedincomegroup revenue during the last quarter. Having started life primarily as an execution tool, autobahn now provides electronic access to. Michael lewis head of commodity markets research mr. The securities may not be offered or sold in the united states, to u. From 52406, to 101609, the fund sought to track the optimum yield version of the deutsche bank liquid commodity indextm excess return. World bank commodities price forecast nominal us dollars released. All prices are those current at the end of the previous trading session unless otherwise indicated. Deutsche banks hong kong office deutsche bank is pleased to invite you to our dbaccess asia commodities corporate day, which will be held at deutsche banks hong kong office, international commerce centre, on september 25 monday. The trend in commodities is negative, and it would appear to me that the longer you wait to buy commodities, the better off youll be. Gps commodities user guide autobahn is deutsche bank s awardwinning electronic distribution service. Deutsche bank publishes a list of commodities indices. Deutsche bank ag and deutsche bank securities, inc.
Global commodity derivatives futures and options volumes rs. Gps commodities user guide autobahn is deutsche banks awardwinning electronic distribution service. Disclaimer for eu bmr and deutsche bank indikationen eu bmr disclaimer. April 23, 2019 commodity unit 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2030 energy. World bank commodities price forecast nominal us dollars. Soft commodities compact progress report deutsche bank.
View db net cash flow, operating cash flow, operating expenses and cash dividends. Deutsche bank ag said it would exit almost all commodity businesses around the world, as high costs and impending strict new limits on banks trading with their own money pressure profits. The search for uncorrelated alpha continues commodities have relatively low correlation with other asset classes commodities can act as an inflation hedge commodities may offer diversification benefits. Deutsche bank ag dz bank ag deutsche zentralgenossenschaftsbank, frankfurt am main dealer for switzerland bank vontobel ag this prospectus shall form the basis of the public offering of the notes as from and including 18 june 2019, 0. Primary commodities are either extracted or captured directly from natural resources. I consent to the use of the necessary cookies and tracking technology to record my personal usage behaviour on websites and in my interaction with all emails sent from deutsche bank ag, corporate bank.
Important notice this web page contains links to forms of confirmations and spreadsheets of material economic terms relating to a variety of types of transactions transactions that deutsche bank we may enter into with counterparties from time to time. Db deutsche bank ag annual cash flow statement marketwatch. To deutsche banks clients this report marks the third edition of the deutsche bank user guide to commodities, which was first published in july 2006. Disclaimer for eu bmr and deutsche bank indikationen please note. Deutsche bank, bloomberg finance lp data as of june 30, 2014. As at z and subject as provided in paragraph 6 index commodity adjustment below, the commodities. Deutsche bank launches first commodity etf institutional. Deutsche bank ag commodities outlook supply momentum, supply curtailments and supply shocks july 2014 deutsche bank does and seeks to do business with companies covered in its research reports. Fund sought to track the optimum yield version of the. Deutsche bank research economic cycle,growth trends, economic. In may 2006, deutsche bank launched a new set of commodity index products called the deutsche bank liquid commodities indices optimum yield, or dblcioy.
Deutsche bank quits commodities under regulatory pressure. Dbc invesco db commodity index tracking fund fact sheet pdf. Deutsche bank ag knockout notes linked to an equity based or commodity based index or exchange traded fund, a commodity or a basket of such indices, exchange traded funds andor commodities general deutsche bank ag may, from time to time, offer and sell knockout notes, or as may be titled in. If you have a broker relationship with dbl dbag london you need to. Deutsche bank group edward odonnell db advisors client education summit 2012. Deutsche bank to scale back commodities business wsj. If you close this box or continue browsing, we will assume you agree with this. Since 1996, autobahn has been connecting clients to deutsche bank s innovative capital markets products and insights. As natural products that come out of the ground, primary commodities are nonstandard their quality and characteristics vary widely. Citigroup inc has bought deutsche bank ags energy and metals book, a source familiar with the matter said, in the latest sign of expansion from the u. Dbc invesco db commodity index tracking fund fact sheet.
Since 1996, autobahn has been connecting clients to deutsche banks innovative capital markets products and insights. Dabadkkk phone conversations may be recorded and stored due to documentation and security purposes we are authorised by the danish financial supervisory authority. Deutsche bank liquid commodity indexoptimum yield diversified excess return. Db news were also up according to people familiar with the situation. Rupen tanna cohead of commodities barclays capital dr. A user guide to commodities minor metals trade association. Launched in 2003 by deutsche bank, the deutsche bank liquid commodity index dblci is the new kid on the index block and has the most distinct approach to tracking commodity futures contracts. Cnbc takes a look at what analysts from major banks have to say about deutsche banks biggest ever restructuring plan.