|Bid||32.86 x 3200|
|Ask||32.87 x 2900|
|Day's Range||32.81 - 33.00|
|52 Week Range||29.39 - 34.31|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-3.50%|
|Beta (5Y Monthly)||0.98|
|Expense Ratio (net)||0.50%|
While the rest of the market was distracted, United Kingdom country-related exchange traded funds continued to slip on fears that Prime Minister Boris Johnson's tough stance on talks with the European Union could lead to a hard Brexit. On Monday, the iShares MSCI United Kingdom ETF (EWU) declined 0.7%, and the currency-focused Invesco Currency Shares British Pound Sterling (FXB) weakened 1.6% as the British pound dropped 1.6% against the U.S. dollar to $1.2992. Weighing on U.K. markets, traders were worried that Britain could hit the end of a 11-month transition period without a trade deal with the European Union in place.
Investors in the sterling rejoiced Thursday after the Bank of England issued its long-awaited interest rate decision, holding the rate at 0.75%. The UK Times newspaper reported Johnson wants a "Canada-style" trade deal with the EU. The Canada-Europe trade agreement has eliminated 98% of the tariffs between Canada and the EU.
A funny thing happened to the U.K. election rally — it’s fizzled out. The election of the Boris Johnson-led Conservative Party has put an end to three years of crippling deliberation over whether Britain would leave the European Union, in what was hoped would be an unfreezing of both consumer and business spending. As the U.K. officially exits the European Union on Friday night, there’s only one place showing less excitement — financial markets.
Biden Can’t Abide Facebook Joe Biden is going after Facebook (NASDAQ:FB). He wants to get rid of a law that protects Facebook and other social media sites from liability for posts by its users. This would mean that Facebook could potentially be sued by anyone who claims that a post on Facebook caused or was […]The post Market Morning: Biden v Facebook, Idahoans Splurge in Oregon, BoJo Threatens the Axe, appeared first on Market Exclusive.
The Duke and Duchess of Sussex, aka Prince Harry and Meghan Markle, announced this week that they will step back as senior royals and work to become “financially independent,” splitting their time between the U.K. and North America. See Also: Prince Harry And Meghan Seek Financial Independence: How Do British Royals Make Their Money? What Went Wrong For Meghan Markle? When Meghan first started dating Harry in 2016, she is quoted saying she didn't have a lot of “preconceived notions” about who he was before they met.
As investors position their portfolios for the year ahead, many may be focusing on European markets and region-related ETFs to capture new opportunities for growth. “Confidence is recovering at a pace ...
Prince Harry, the Duke of Sussex, and Meghan Markle, the Duchess of Sussex, said they plan to split their time between the U.K. and North America. Queen Elizabeth II and Prince William were not consulted before the statement, and Buckingham Palace is said to be "disappointed," according to the BBC reports. How Does The Royal Family Make Its Money?
The Iran Mess Gets Messier The Defense Secretary contradicts a Brigadier General. The Pentagon contradicts the President while he draws up sanctions against an ally. It’s getting very confusing on the foreign policy front and it appears one part of the system doesn’t know what the other part is doing. In a letter sent by […]The post Market Morning: Mideast Policy Chaos, Brexit Continues, Impossible Pork, China Changes Mind appeared first on Market Exclusive.
Since winning the U.K. general election Dec. 12, Prime Minister Boris Johnson has been busy renegotiating a Brexit deal. Johnson took over from Theresa May in July. Next Steps For Brexit The U.K. government ...
If and when the U.K. completes Brexit and leave the European Union in 2020, it will most likely take Europe’s biggest capital market — London — with it. A growing list of European cities are battling to become the next big European financial hub. PricewaterhouseCoopers warned in a report titled “Brexit: Be prepared for disruption” that Brexit will impact businesses globally.
Brexit…Source: Shutterstock That's the term the press uses to describe the decision British voters made in June 2016 to leave the European Union (EU).And it's setting up what could be your best-performing investment in 2020 - British stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's colleague Teeka Tiwari on the opportunity dead ahead… * 7 Vaping Stocks to Get into Ahead of the Crowd I know what you're probably thinking… "Teeka, have you lost your mind?! What do I care about some political event taking place on the other side of the world? I don't invest in foreign stocks. Britain leaving the EU doesn't affect me here in America. There is no possible way this will make sense for me!"And you know what? Normally, I'd agree with you. But this investment opportunity is one that is simply too big for any rational person with an interest in building wealth for the future to ignore.Today, I (Chris) will give you the lowdown on why Teeka is so excited about the opportunity in a stock market more than 3,000 miles away.I'll also show you a "one-click" way you can profit without directly having to buy a single British stock.What's so special about British stocks right now?Simply put, Britain has an unloved stock market. That's thanks to all the economic uncertainty the unresolved Brexit saga caused.Unloved markets tend to be cheap. And although most amateur investors run away from stocks that are cheap and unloved, the pros know these are where to make the real money.Take a look at the next chart. It's of the price-to-earnings (P/E) ratio of the main British stock market index, the FTSE 100 Index. It tracks the top 100 British-listed stocks by market cap.The P/E ratio tells you how many dollars investors are willing to pay for one dollar of earnings the companies in an index produce.And as you can see, the P/E ratio for the FTSE 100 has plunged 63% since the Brexit vote.Said another way, you can buy one dollar of earnings these top British stocks produce at a 63% discount from what was on offer the day of the Brexit referendum.Don't worry if you haven't been following the three-year Brexit saga…The execution of Britain's departure from the EU hasn't exactly been smooth. Successive governments tried - and failed - to ratify the Brexit referendum vote in Parliament.This has left the British economy in limbo. The country has been neither fully in… nor fully out of the EU. So I wouldn't blame you for not following all the convoluted details.I'm Irish. That makes me a citizen of the EU. I have a vested interest in the outcome of Brexit. But I still get exhausted trying to keep up with all the stops and starts.That's about to change, though.As we showed you yesterday, Brexiter-in-chief Boris Johnson won a landslide victory last week for his Conservative Party.And he did it by running on the campaign slogan "Get Brexit done."That's what will happen in 2020. After three years of uncertainty over Brexit, Johnson now has the mandate to get Brexit passed in Parliament… and finally take Britain out of the EU.That means outsized returns for folks who bet on a "Boris boom"…Boris Johnson didn't just win last week's election. He won the biggest majority for the Conservative Party since 1935.This has given him a thumping mandate to take Britain out of the EU… and clear up three years of Brexit uncertainty.There's one thing stock market investors hate more anything else… and that's uncertainty. Investors hate not knowing what's going to happen with a looming event.That's why Teeka has been on the hunt for opportunities to profit from the Brexit news. As things go from uncertain to less uncertain… that's usually a great time to buy in.Teeka again…This has the potential to make you serious money - no matter whether you're an expert on Brexit or have been living under a rock and have never heard of it before.That's because it's got nothing to do with knowing politics, but simply understanding the market's reaction to politics - and how we can take advantage of it.Teeka is right. This isn't about understanding the intricacies of Brexit. Frankly, life is too short. It's about understanding that Brexit has caused a lot of uncertainty for investors… and that much of that uncertainty is now going away.We're not the only ones taking note…So is Goldman Sachs. In a recent research note to clients, it listed British stocks as one of its top seven investment ideas for 2020.The investment bank has identified that $150 billion in foreign funds will flow into Britain now that Brexit will go ahead. This, it says, will propel economic growth in Britain through the early 2020s.That growth spurt will translate into a surge in beaten-down British stocks.We're already starting to see confidence return to British markets. Just this week, S&P Global Ratings and Fitch Ratings upped their assessment of the British government's creditworthiness. Here's Bloomberg with the report…At S&P, the country's outlook was shifted to stable from negative, with analysts citing the diminished risk of a no-deal Brexit. Meanwhile, Fitch took the U.K. off Rating Watch Negative -- removing the immediate threat of a downgrade -- but did maintain a negative outlook.That's why Teeka recommends you consider taking a small position in British stocks.You can do that easily through your regular online broker…The iShares MSCI United Kingdom ETF (EWU) covers the top 85% of British companies by market value.The fund trades on the New York Stock Exchange. But it gives you exposure to stocks trading primarily on the London Stock Exchange.So it will give you broad exposure to the rebound in British stocks we see ahead.And kudos if you're one of our Alpha Edge subscribers… and you followed Teeka and William Mikula's Brexit playbook.Teeka and William closed out two Brexit trades this year for gains of 89%… and 150%. And that's on top of the trades they closed out on the gold market for 140%… and 263%.And get this… Teeka and William didn't have a single losing trade in all of 2019.And Teeka and William aren't done yet. So if you're a paid-up Alpha Edge subscriber, make sure you keep a cash hoard ready to take advantage of more opportunities as Brexit plays out. For more on how to do that, catch up here.Regards,Chris Lowe December 19, 2019 Dublin, Ireland More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post As Brexit Uncertainty Clears, Itas a Great Time to Invest in British Stocks appeared first on InvestorPlace.
United Kingdom markets and country-related ETFs retreated Tuesday on growing concerns that the U.K. could divorce the European Union at the end of next year without a trade agreement. On Tuesday, the iShares MSCI United Kingdom ETF (EWU) declined 1.7%, and the currency-focused Invesco Currency Shares British Pound Sterling (FXB) fell 1.7% as the British pound dropped 1.6% against the U.S. dollar to $1.3121, its worst daily pullback in over a year. Prime Minister Boris Johnson wants to prevent a transition period after the U.K.’s Brexit from being extended beyond the end of 2020, the Wall Street Journal reports.
The tentative phase one U.S.-China deal, plus the vote ensuring that Britain will leave the European Union, add clarity for investors, who bid up shares. Also, a tidal wave of debt threatens frackers.
United Kingdom country-specific ETFs rallied Friday after a major victory for Prime Minister Boris Johnson’s Conservative Party in the British elections helped alleviate political uncertainty over Brexit. ...
Investors are reacting positively to Boris Johnson securing his position as prime minister of the U.K. with the Conservative and Unionist Party winning the general election with a thumping majority. The Conservative and Unionist Party won 364 seats which is their largest majority since 1987 and unsurprisingly the UK markets reacted favourably. The pound sterling is up 3 cents at $1.34 and the FTSE 100 was up 1.7%.
BoJo Blowout, Britons Back Brexit (Again) Boris Johnson and his Tory Conservatives completely trounced Jeremy Corbyn’s Labour last night in a landslide victory that saw the Tories win the most seats since the days of Iron Lady Margaret Thatcher. With all but two seats declared, the Tories are up on 363 to Labour’s 203, an […]The post Market Morning: BoJo Brexit Blowout, Maybe China Deal, Major League Cannabis, Aramco Shenanigans appeared first on Market Exclusive.
Tactical voting is nothing new, but in the U.K., as the general election is about to take place in a few hours, it is becoming a significant move adopted by many frustrated remainers. The result of this upcoming election is harder than most to predict, but one thing is clear; tactical voting is extremely high on the agenda for many voters, and a hung parliament is likely. Many Brits are sick and tired of U.K. MPs discussing nothing but Brexit when there are other pressing issues.
Prime Minister Boris Johnson pushed for a general election, saying he wanted "to be reasonable with Parliament" and give MPs more time to scrutinize his Brexit withdrawal deal. The U.K. is divided into 650 areas that are known as constituencies, and each area has a Member of Parliament, or MP, who will represent the constituency in the House of Commons in London. Most MPs belong to political parties such as the Labour Party, Conservative Party and the Liberal Democrats.
Though global dividend growth has slowed, these countries have recorded solid payments, making it necessary to have a look at these ETFs.
Germany has narrowly avoided a recession, with the latest figures released Thursday showing the country’s economy grew by 0.1% in the third quarter. Economists estimate that growth domestic product in the eurozone will grow by only 0.5% in 2020. In Spain, the latest quarterly GDP growth figure is 0.4% quarter-over-quarter; in the Netherlands, 0.4%; in the U.K., 0.3%; in France, 0.3%; and in Italy, 0.1%.
The United Kingdom's economy is growing at its slowest annual rate in almost a decade. The U.K.'s year-over-year growth in the three month period ended in September slowed from 1.3% to to 1%, the Office for National Statistics said. The U.K. may have ducked a recession, but it's seeing it's weakest growth in a decade and may struggle to expand if the rest of the global economy is slowing, said Artur Baluszynski, head of research at Henderson Rowe.
Britain has the option to exit the E.U. before this deadline if its Parliament and the European Parliament ratify a deal. The EU is unlikely to oblige, according to the BBC. The bloc wants to avoid a no-deal scenario in case the British Parliament can’t ratify Johnson’s proposal by January. The EU further said it isn’t open to renegotiating the “Brexit deal” agreed to with Johnson.