|Bid||0.00 x 1200|
|Ask||199,999.98 x 1200|
|Day's Range||54.87 - 55.43|
|52 Week Range||46.31 - 66.35|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.44|
|Expense Ratio (net)||0.59%|
According to a report provided by the Ifo Institute for Economic Research, the German Ifo Business Climate Index has weakened marginally so far in July compared to June. This index reached 101.7 in July (through July 25) compared to 101.8 in June. The index beat the market expectation of 101.5. July’s reading was the index’s lowest level since March 2017.
According to data provided by Markit Economics, the final Markit Germany Services PMI rose significantly in June compared to May. It stood at 54.5 in June compared to 52.1 in May. It beat the preliminary market estimate of 53.9. Employment in the services sector rose at a faster pace in June. The iShares MSCI Germany ETF (EWG), which tracks the performance of Germany’s equity market, dropped 5.2% in June.
According to a report provided by the Ifo Institute for Economic Research, the German Ifo Business Climate Index weakened again in June compared to May. It was at 101.8 in June compared to 102.2 in May.
According to Markit Economics, Germany’s service PMI weakened further in May, falling month-over-month to 52.1 from 53. It met the market estimate of 52.1 but marked its weakest expansion since September 2016.
Are the Eurozone’s Key Economic Indicators Signaling a Change? According to a report provided by the Ifo Institute for Economic Research, the German Ifo Business Climate Index remained unchanged in May 2018 at 102.2. Although German’s business climate remained flat in May, there wasn’t any further decline in this index during the month, which signals that economic activity, investors’ sentiment, and the business climate index improved at a softer rate in May. The rising political uncertainty seems to be affecting Germany’s overall economic performance in the same month.