51.58 +0.10 (0.19%)
After hours: 4:29PM EDT
|Bid||51.45 x 300|
|Ask||54.07 x 1800|
|Day's Range||51.48 - 52.35|
|52 Week Range||41.23 - 57.82|
|PE Ratio (TTM)||-19.45|
|Expense Ratio (net)||0.48%|
The “Fast Money” traders discuss their final trades for the day including Apple, iShares Mexico Capped ETF, Snap and Kansas City Southern.
In yet another sign that investors aren't afraid of the Federal Reserve's interest rate hikes, emerging market equity funds saw the strongest inflows in 21 weeks and EM bonds continued to draw interest. The EM equity fund inflows were $3.3 billion in the latest weekly reporting period, and emerging market bond funds -- which have seen inflows for 37 of the past 38 weeks - drew $1.7 billion. It's part of what Bank of America/Merrill Lynch Chief Investment Strategist Michael Hartnett and Strategist Jared Woodard call "the most consensus trade in the world: no fear of the Fed." "Investors looked for ways to benefit from soaring equity markets while side-stepping a variety of political risks ranging from North Korea's bellicose expansion of its nuclear capabilities to Catalonia's stand-off with Spain," write EPFR Global analysts.
The Vanguard FTSE Emerging Markets exchange-traded fund (VWO) and the iShares MSCI Emerging Markets ETF (EEM) rose 1.8% apiece this week. Here are five economic headlines from the week that Brown Brothers ...
July 2018 will be here before you know it, and if the polls are right, Mexico is about to elect their anti-Trump.
Mexico’s central bank left the benchmark interest rate unchanged Thursday, as everyone expected. Now at 7%, interest rates are at a multi-year high after a string of rate hikes that policy makers say is slowing the pace of inflation. In our view, the message had a slightly dovish undertone as Banxico mentioned that credit has slowed and that the previous rate hikes are likely to impact the economy in the future.
How badly will the two recent earthquakes hit Mexico's economy. Benito Berber, the senior Latin America strategist at Normura, lowered his 2017 GDP growth forecast by 0.4%, claiming that the quakes, which have left hundreds dead, could cost between $2 billion and $4 billion.
With many believing that inflation could begin to drop, Mexico’s central bank is expected to leave interest rates unchanged when it meets on Thursday. Board members have stressed that upside inflation surprises are temporary, underlining the one-off influence from a jump in fresh food items. Mexico’s central bank hiked interest rates seven consecutive times until July, when it opted to leave rates unchanged.
The iShares MSCI Mexico Capped ETF (NYSEArca: EWW), the largest ETF dedicated to Mexican equities, is one of this year’s best rebound stories as highlighted by a year-to-date gain of 27%. That is good ...
If this week’s comments by U.S. Trade Representative Robert Lightizer are an indicator, Trump really will get tougher on trade. Look out China.
Another strong earthquake hit Mexico Tuesday, and this time it shook densely populated Mexico City where stock trading was halted. A photo showed a gaping crack in a roadway at Mexico City's international airport. A news anchor for Univision, Enrique Acevedo, posted video of the facade falling off one building, the collapse of others, and he reported that there were dangerous leaks in the city.
The iShares MSCI Mexico Capped exchange-traded fund (EWW) is weak over the past week as southern states recover from a deadly and devastating earthquake. The Mexico ETF is down 0.3% from Sept. 7 through today's close, while the iShares MSCI Emerging markets ETF (EEM) is up 0.6% in the same time period. In the aftermath of the 8.1 magnitude earthquake last Thursday, Mexico withdrew an offer of aid to U.S. victims of Hurricane Harvey as needs there waned, adding in its press release that it would merely extend its "full solidarity" with Florida after Hurricane Irma. The U.K.'s Independent and the Los Angeles Times say that President Donald Trump continued to call Mexico "one of the highest crime nations in the world" without offering condolences after the earthquake, or accepting Mexico's aid, making the withdrawal of aid more of a political statement.
In this series, we’ll take a look at the manufacturing activity and service activity of major emerging economies (EEM) (VWO) in August 2017.
Andres Manuel Lopez Obrador is the favorite to win the Mexican presidency in July 2018. The market is now starting to price in life under "Amlo".
There were signs of ill health in July, when China's industrial production growth was weaker than expected. Going forward, currencies linked to China, including those of Asia as well as EM commodity currencies, should remain well supported.
The iShares MSCI Emerging Markets exchange-traded fund (EEM) was down nearly 1% in early trading with global markets on edge after North Korea's missile launch over the Japanese island of Hokkaido. CORRECTED: ...
UBS Wealth Management added the Russian ruble (RUB) to its list of preferred currencies and reaffirmed its preference for the Mexican peso, and trades for the Turkish lira and Polish zloty in an environment ...
The iShares MSCI Mexico Capped exchange-traded fund (EWW) was down 0.5% today after President Donald Trump indicated Nafta trade negotiations could sour, and that he would use border-wall construction as a wedge in federal budget negotiations. Among individual Mexican stocks trading in the United States, America Movil (AMX) slipped 0.8%, Cemex (CX) was down 0.3%, Wal-Mart de Mexico (WMMVY) was up 1.4% and Grupo Televisa (TV) was up 0.6%. Shares of railroad Kansas City Southern (KSU), which has significant exposure to trade with Mexico, are down 2.4% today.
It was almost a throwaway line, a casual aside, except it looks so much different in print. “If we have to close down our government, we’re building that wall,” President Donald Trump told supporters at ...
Emerging market companies' payouts have been in decline since 2014, but the trend reversed in the second quarter with a nearly 30% rise in total dividends paid compared to the same period in 2016. The ...
A close former aide of the Mexican president "categorically denied" allegations he received bribes from Brazilian construction company Odebrecht. Brazil's O Globo newspaper alleges documents ...