|Bid||0.00 x 28000|
|Ask||34.10 x 45900|
|Day's Range||32.96 - 33.26|
|52 Week Range||28.41 - 37.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.86|
|Expense Ratio (net)||0.47%|
While the U.K. continues wrangling with various elements of Brexit, the country’s departure from the European Union (EU), U.K. stocks and the related exchange traded funds are soaring. The iShares MSCI ...
Black Box Details Revealed on Ethiopian Airlines Flight 302 According to Reuters, the Boeing (NYSE:BA) 737 Max 8 that crashed soon after takeoff had an unusually high speed just after takeoff before the plane began reporting problems. It then asked permission to climb quickly. Pilots then urgently asked permission to return to the airport. Rueters’ […]The post Market Morning: Black Box Details, Brexit Referendum 2, Postpartum Drug, Oil Short Squeeze? appeared first on Market Exclusive.
Parliament voted by 312 votes to 308 to amend the Government's motion from rejecting a no deal Brexit on 29 March, to rejecting no deal in perpetuity. Following the vote on the amendment, the main motion, as amended (that is that no deal has been rejected by Parliament in perpetuity) was passed by 321 votes to 278, though this vote is not legally binding. Brexit is subject to Article 50, and therefore in law that the UK will leave on 29 March, it will require action from Government to either change the law, repeal Article 50 (thereby remaining in the EU) or to come up with a deal that will pass through Parliament.
While United Kingdom stocks rebounded Wednesday after the no-deal vote, the country-related ETFs remain depressed with lingering concerns weighing on the market. The iShares MSCI United Kingdom ETF (EWU) , the largest U.K.-related ETF, was up 1.2% Wednesday and gained 10.8% year-to-date. “When you get into markets less impacted by quantitative easing you see more of an impact [from Brexit],” Jon Jonsson, a global bond investor at Neuberger Berman, told the Wall Street Journal.
The iShares MSCI United Kingdom Index (NYSE: EWU) and Vanguard FTSE Europe ETF (NYSE: VGK) opened slightly higher Wednesday after U.K. lawmakers voted down another Brexit deal proposed by Prime Minister Theresa May. “We regret the outcome of tonight's vote," the spokesperson said. The EU is willing to consider a “reasoned request for an extension” to the March 29 Brexit deadline, according to Tusk’s spokesperson.
Members of Parliament in the United Kingdom (UK) voted by 149 votes, 391 to 242, to defeat Prime Minister Theresa May's Withdrawal Agreement. The defeat now means that Parliament will vote on whether to reject a no deal Brexit tomorrow and whether to extend Article 50 on Thursday, March 14. The uncertainty in the UK has ratcheted up another notch.
Over the past week, #japanification has been trending among economists and investors on Twitter. The term has been on investors’ minds since the European Central Bank warned last week that economic growth in the eurozone would be much lower in 2019 than it previously anticipated. What Is Japanification? "Japanification" is the idea that an economy could endure a prolonged period of low-growth expansion accompanied by low levels of inflation.
Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a third round of bank stimulus that will begin in September and run through March 2021.
An Update on Alibaba’s Recent AcquisitionsAlibaba raises stake in CICCAlibaba Group Holding (BABA) has reportedly invested another 1.81 billion Hong Kong dollars (or $230.61 million) to expand its stake in local investment bank CICC (China
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Investors may want to stay away from United Kingdom markets and country-specific ETFs ahead of the Brexit vote as Britain’s equities will likely suffer regardless of the results. “If you get a scenario ...
Comcast’s Q4 Earnings Results Boost Its Stock(Continued from Prior Part)Comcast beats revenue estimate In the fourth quarter, Comcast’s (CMCSA) revenue rose 26.1% YoY (year-over-year) to $27.85 billion, beating analysts’ estimate of $27.55
British Prime Minister Theresa May will go down in history after her Brexit proposal suffered the biggest defeat ever by 230 votes in Parliament. May is calling for all political parties to come together and draft a new Brexit agreement. The problem is that the appearance of this agreement is "as opaque as ever," with Labour leader Jeremy Corbyn refusing to enter any talks unless May completely eliminates the possibility of a "no-deal Brexit," Sedgwick said.
Britain’s FTSE 100 was down — but not dramatically — on Wednesday following the defeat of Prime Minister Theresa May’s Brexit plan the day before. May narrowly survived a no-confidence vote in Parliament Wednesday, 325-306, and immediately invited leaders of the other major British parties to work with her on talks for a new Brexit deal.
U.K. Prime Minister Theresa May’s Brexit deal is rejected in Parliament on Tuesday, leaving Britain with further uncertainty about how it will leave the European Union.
What will be the fallout from Britain's failed Brexit deal? Explore these three ETPs that provide investment exposure to the United Kingdom.
The British Parliament on Tuesday rejected Prime Minister Theresa May’s Brexit plan for leaving the European Union, a stunning defeat leaving Britain’s withdrawal from the common market up in the air. May had warned members of Parliament before the vote that if they rejected her plan, it would be increasingly likely Britain would not leave the EU at all, rather than try to separate from the European trading bloc without some sort of deal spelling out the details of the arrangement. The vote could lead to a new government in Britain, with members of the Labour Party calling for a vote of no confidence in May that could lead to a new general election.
Country-specific exchange-traded iShares MSCI United Kingdom ETF turned slightly higher by 0.2% Tuesday afternoon after U.K. Prime Minister Theresa May's plan to divorce from the European Union was soundly defeated in a closely watched parliamentary vote. The results showed that 432 members of Parliament voted against the so-called Brexit plan, while 202 voted in favor. The results came after the U.K's popular stock benchmark, the FTSE 100 , was closed, ending the session up 0.6%, before voting commenced. The U.K. ETF provides the earliest sign of how the FTSE may perform in Wednesday trade. Meanwhile, the British pound was trading lower against the dollar, which has usually provided a lift for the FTSE 100-- predominated by international companies that tend to benefit from a weaker pound. The Brexit defeat marks one of the worst such outcomes for a U.K. prime minister and also resulted in opposition party Jeremy Corbyn bringing a vote of no-confidence in the government, which will be debated in Parliament on Wednesday. Meanwhile, stock markets in the U.S. shook off the Brexit vote, with the Dow Jones Industrial Average , the Nasdaq Composite Index and the S&P 500 index all trading solidly higher. The deadline for Brexit was set for March 29, but Tuesday's vote adds uncertainty to many aspects of the Brexit plan.
Last year, European stocks and exchange traded funds were among the worst-performing developed markets assets. Amid contentious Brexit talks, U.K. stocks were among the worst offenders. In December, the Bank of England cut their forecast for British quarterly economic growth in the last three months of 2018 to 0.2% from 0.3% and warned that conditions won’t likely change in early 2019.
Stocks Mixed As Everyone Confused About China With nothing compellingly good or bad out about China today, US stock market indexes are mixed. The Dow is down after being up earlier, the S&P is flat, and the Nasdaq is slightly higher as of the early morning. China is reportedly cutting taxes and increasing spending, which […] The post Market Morning: China Buys Oil, Aurora Buys Whistler, Shutdown Hurts Airlines, Brexit Disaster Unfolding appeared first on Market Exclusive.
The British people voted in 2016 to leave the European Union with a divorce date set for March 29, 2019. The "Brexit" vote couldn't make it any clearer the British government is mandated by the people to leave the European Union. British Prime Minister Theresa May reaffirmed Monday the government's "duty to deliver on that," but the process needs to be "smooth and orderly" while simultaneously projecting jobs and security.
Shutdown Continues, But IRS And Treasury To Reopen For Business After failing to resolve the partial government shutdown over the weekend over a spat concerning $5.6 billion of funding for a border wall with Mexico, congressional Democrats are trying to reopen the government piece by piece, with funding first for everybody’s favorite service, the Internal […] The post Market Morning: Shutdown Showdown, Brexit Redux, Ford Airbag Woes, Sears Still Teeters appeared first on Market Exclusive.
No Recession Ahead, Says Allianz Chief Mohamed El-Erian Former PIMCO CEO and former head of Harvard’s endowment Mohamed El-Erian doesn’t think a recession is ahead of us in 2019. “You would need either a major policy mistake or a massive market accident to push us into recession.” Seemingly, according to El-Erian, 7 years of zero percent interest […] The post Market Morning: Happy New Year, Brexit Backtrack, Sears Saved, Italy Passes Budget appeared first on Market Exclusive.