|Bid||29.74 x 1000|
|Ask||29.75 x 900|
|Day's Range||29.74 - 29.77|
|52 Week Range||25.95 - 34.03|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.30|
|Expense Ratio (net)||0.47%|
Yahoo Finance's Zack Guzman and Seana Smith discuss the world's healthiest countries with Evan Clark, WWD Deputy Managing Editor.
United States has proposed import tariffs on a host of EU products in reaction to its subsidies to Airbus. The move can hurt these ETFs and stocks.
According to a report by Markit Economics, the final Spain Services PMI showed a weaker improvement in June than in May. It stood at 55.4 in June compared to 56.4 in May. The figure didn’t meet the preliminary market estimate of 56.2.
According to a report by Markit Economics, Spain’s manufacturing PMI (purchasing managers’ index) remained unchanged in June. It stood at 53.4 in the month, unchanged from the same figure in May.
According to Markit Economics, Spain’s service PMI rose marginally month-over-month in May, to 56.4 from 55.6. It beat the market estimate of 56.1 but marked its weakest expansion since December 2017.
Portugal, Italy, Greece and Spain - the so-called PIGS group - country-specific exchange traded funds were among the best performers Wednesday as these peripheral Eurozone equity markets rebounded on diminished fears that a breakdown in the euro currency bloc would happen any time soon. On Wednesday, the Global X FTSE Portugal 20 ETF (PGAL) surged 4.2%, iShares MSCI Italy Capped ETF (EWI) jumped 4.3%, Global X MSCI Greece ETF (GREK) increased 4.2% and iShares MSCI Spain Capped ETF (EWP) advanced 2.8%. Meanwhile, the Vanguard FTSE Europe ETF (VGK) , the largest Europe-related ETF, gained 1.9%.
According to a report by Markit Economics, the final Spain Services PMI (Purchasing Managers’ Index) showed a weaker rise in April than in March. It was 55.6 in April compared to 56.2 in March. The figure didn’t meet the preliminary market estimate of 56.1 and was the weakest expansion in services activity since December 2017.
According to a report by Markit Economics, Spain’s manufacturing PMI has been falling gradually since February. It stood at 54.4 in April compared to 54.8 in March. April’s PMI figure beat the preliminary market estimate of 54.2. April’s figure pointed to the lowest expansion in factory activity since September 2017.
The ECB (European Central Bank) made no changes to its APP (asset purchase program) at its April meeting, maintaining that its purchase rate of 30 billion euros in debt securities per month will continue until the end of September 2018 or beyond if necessary. Recent developments indicate that the ECB is looking to end the APP, and this may be a good time to do so, as economic progress is encouraging. Whereas it’s not likely the ECB stops bond purchases abruptly in September, it could announce a plan to taper off purchases by the end of the year or early next year.