|Bid||32.65 x 29200|
|Ask||32.66 x 40700|
|Day's Range||32.49 - 32.65|
|52 Week Range||28.41 - 34.02|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||13.45%|
|Beta (3Y Monthly)||0.93|
|Expense Ratio (net)||0.47%|
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.
The Lowdown on The Brexit Deal It’s going to be a weekend of fireworks galore in the United Kingdom, possibly one of the most interesting times in the country’s history since World War II. Except this time nobody is going to get bombed and killed, so that’s definitely a plus. SEE: Canopy Rivers Gets Approval […]The post Market Morning: Brexit Deal Details, Drug Wars, Danone Down, Aramco Delay, Hong Kong Boils appeared first on Market Exclusive.
United Kingdom country-specific ETFs strengthened on Thursday after Britain reached a tentative Brexit deal with the European Union, but further gains were capped as Prime Minister Boris Johnson still needs a divided parliament to approve the agreement. The iShares MSCI United Kingdom ETF (EWU) rose 0.6% on Thursday. “All in all, I am happy, relieved that we reached a deal,” European Commission President Jean-Claude Juncker said.
A popular U.K.-specific exchange-traded fund rose Thursday after Britain and the European Union struck a tentative deal to exit from out of the trade bloc. The iShares MSCI United Kingdom ETF rose 0.4%. The iShares ETF maintains a high concentration of large and midcap companies and a particularly heavy concentration to financial shares (19.9%) and the energy sector (17.95%), according to FactSet data. For the week, the ETF is on pace for a gain of 0.9% after a 3.4% rise last week. The rally for the U.K. ETF comes as the embattled pound has been surging against the dollar on hopes of a Brexit divorce agreement. The buck last changed hands against the pound at $1.2849, with the U.S. dollar down 1.2% against the U.K. unit. A stronger pound tends to cap gains in U.K. stocks because it can weigh on revenue for the export-heavy economy. Despite reaching the draft Brexit agreement, the U.K. parliament must ratify the pact on Saturday.
Queen Elizabeth II delivered a speech Monday outlining the government priority to leave the European Union Oct. 31. The queen's speech normally marks the opening of a parliamentary session and outlines ...
United Kingdom markets and country-specific exchange traded funds surged Friday on hopes that the country could reach an amicable divorce deal with the European Union. Among the best performing non-leveraged ...
Brexit dscussions between the European Union and the United Kingdom are intensifying with 22 days to go before the U.K. is due to depart from the EU. The Scottish Court of Session delayed a decision on whether to sign a letter requesting a Brexit extension if Prime Minister Boris Johnson refuses to do so, the BBC reported. The U.K. Parliament is set to meet Saturday, Oct. 19 following an EU summit.
A No. 10 Downing Street source has said a Brexit deal is "essentially impossible" in the wake of a call between U.K. Prime Minister Boris Johnson and German Chancellor Angela Merkel, according to a Tuesday BBC report.
The Supreme Court of the U.K. has declared that Prime Minister Boris Johnson's suspension of Parliament is unlawful. The Tuesday ruling is a huge blow to Johnson, as the Supreme Court has now cleared the way for Parliament to reconvene immediately and resume debating his Brexit plans. The Supreme Court is the final court of appeal in the U.K. for civil and criminal cases, and hears cases of the greatest public or constitutional importance affecting the British population.
On Thursday, Juncker said a new Brexit deal could still be reached by the deadline, according to the BBC. The pound sterling should continue on an upward trend, said Marc-André Fongern, an FX and macro strategist at MAF Global Forex.
FOMC Decision Clouded By Repo Rate Spike The Federal Open Market Committee concludes its two-day meeting today with an announcement as 2:00pm EST regarding its rate target decision. The chances of a rate hike have been declining ever since the oil price spike at the beginning of the week, but fed funds futures are still […]The post Market Morning: Fed Decides In Wake Repo Rate Spike, Saudis Blame Iran, FedEx Falls appeared first on Market Exclusive.
U.K. Parliament has officially been suspended or “prorogued” until Oct. 14. The move has been met with protests from some MPs who were against the suspension. The decision comes after Prime Minister Boris ...
Mario Draghi Expected to Rage Against the Dying of the Euro This week will be European Central Bank President Mario Draghi’s last opportunity to print the Old World into prosperity. Monetary policy wonks are almost universally expecting him to push overnight lending rates in the Eurozone even further into negative territory, despite the fact that […]The post Market Morning: Draghi's Final Act, Brexit Saga Continues, Saudis Get New Energy Guy, China Buys Gold appeared first on Market Exclusive.
It's unclear what a "no-deal Brexit" will look like now, said, David Stubbs, chief client investment strategist at JPMorgan Private Bank, who shared his thoughts on the latest developments with CNBC.
With parliament successfully taking steps to avert a no-deal Brexit from the European Union, United Kingdom country-specific ETFs popped on renewed optimism. The iShares MSCI United Kingdom ETF (EWU) , the largest U.K.-related ETF listed in the U.S., was up 1.5% on Wednesday after retreating in the previous session amid growing anxiety over a snap election in Britain that would bring additional risks to a Brexit deal. Prime Minister Boris Johnson lost his working majority in parliament Tuesday, and lawmakers also pushed to prevent a no-deal Brexit.
U.K. Prime Minister Boris Johnson lost majority support in the House of Commons as he faced a showdown Tuesday with members of the Conservative Party. Earlier today, Conservative Party MP Phillip Lee defected to the Liberal Democrats. Lee took his seat on the opposition benches as Johnson addressed the House of Commons, which caused a huge stir.
"[The] sterling suffered a large sell-off this morning as traders suddenly got notice that Boris Johnson will not let Parliament get in the way of a no-deal Brexit," said Andy Scott, associate director at JCRA. "Today’s move by Johnson undermines Parliament’s chances and sets the U.K. on a hard Brexit course with arguably few prospects of avoiding such an outcome.
Britain’s new Prime Minister Boris Johnson is standing by his promise that the U.K. must leave the European Union by Oct. 31 — with or without a deal in place. Capital Economics' chief markets economist John Higgins said much has been made of sterling’s poor performance recently, and the fact that it is close to the weakest it has ever been in nominal trade-weighted terms. “This [sterling weakness] masks the fact that the currency’s valuation still does not look particularly low on any of the usual fundamental measures.