|Bid||39.66 x 27000|
|Ask||39.67 x 28000|
|Day's Range||39.54 - 39.67|
|52 Week Range||33.79 - 42.81|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.16|
|Expense Ratio (net)||0.47%|
Italy country-specific and broader Europe ETFs took a hit on growing concerns about the stability of the Italian government's ability to pay back debt. The iShares MSCI Italy Capped ETF (EWI) was among the worst performers on Friday, falling 2.9%. Meanwhile, the broader Vanguard FTSE Europe ETF (VGK) declined 0.6% and iShares MSCI EMU ETF (EZU) was 0.8% lower.
In a surprise move, Christine Lagarde was nominated as the president of the European Central Bank on Wednesday. What are the implications?
The iShares MSCI EMU ETF (CBOE: EZU) is flirting with a year-to-date gain of 12%, but many investors remain apprehensive about embracing European equities. Europe’s equities also look more attractive, with valuations of European and U.S. equities exhibiting their widest divergence since the end of 2016 on certain measures. According to FactSet data, the Stoxx Europe 600 was trading at 14 times forecast earnings, compared to the S&P 500’s 17 times, which represent a wider gap than its long-term average over the past decade.
The iShares MSCI EMU ETF (CBOE: EZU) is up 11.54% year-to-date and while that fund and rival Eurozone exchange traded funds are trading higher, the region faces significant political risks that could potentially weigh on financial markets there. Europe’s equities also look more attractive, with valuations of European and U.S. equities exhibiting their widest divergence since the end of 2016 on certain measures. According to FactSet data, the Stoxx Europe 600 was trading at 14 times forecast earnings, compared to the S&P 500’s 17 times, which represent a wider gap than its long-term average over the past decade.
Edwin Lefevre's classic tome, "Reminiscences of a Stock Operator," chronicles the career of Jesse Livermore, an infamous trader from the early 20th century. The book is often cited by traders and investors alike for the many lessons gleaned from Livermore's stock market trials--a mixed series of successes and failures. Livermore apparently never took his own advice.
The iShares MSCI EMU ETF (CBOE: EZU) and other Eurozone-focused exchange traded funds are trading higher this year. EZU, one of the largest funds in that group, is higher by more than 14% and some market observers are betting on more monetary stimulus by the European Central Bank (ECB) to prop up the region’s fragile economies. As the markets rebounded from the last year’s pullback, many shunned the European markets.
BAML Survey: How Are Global Fund Managers Positioned?(Continued from Prior Part)Most crowded tradeAccording to the latest Bank of America Merrill Lynch survey, shorting European equities (HEDJ) has been the most crowded trade for two months in a
BAML Survey: How Are Global Fund Managers Positioned?BAML survey’s key findings BAML (Bank of America Merrill Lynch) conducted a survey that polled 187 global investors with $547 billion in total assets under management between April 5 and April
Strong Economy and a Rate Cut: Can Trump Have It Both Ways?(Continued from Prior Part)Trump believes the economy is doing “unbelievably well” Today, President Donald Trump told reporters, “Our country’s doing unbelievably well
Wall Street Is on High Alert ahead of US Jobs Report Release(Continued from Prior Part)Unemployment rate and wage growthIn February’s job report, while job additions came in substantially weaker than the economists’ expectations of 180,000 at
Inversion of Yield Curve: Analysts Are Split on Recession SignalsInversion of the Treasury yield curve After the yield curve inverted on March 22, market concerns about the global slowdown and a potential recession have multiplied. On March 22, the
Markets Looking at US-China Trade Talks amid Slowdown Concerns(Continued from Prior Part)US-China trade talksToday, another round of trade talks started in Beijing. Markets are hoping for a quick resolution to the remaining trade differences, but
Wall Street Is Loving these Five Gold Stocks LatelyGold’s soft startGold prices (GLD) started 2019 on a relatively soft note. After a dismal fourth quarter, the stock markets have recovered remarkably in 2019. Two major causes were responsible
European banks and financial sector-related ETFs have been underperforming as a slew of negative factors keeps pressure on the beleaguered market segment. Year-to-date, the iShares MSCI Europe Financials ...
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?Mario Draghi Today, we got another round of dismal data points from Europe (VGK)(EZU). According to a Markit survey, Germany’s (EWG) March PMI Composite Output Index fell to a
Could Gold Prices Rise as Market Concerns Increase?Gold prices gain due to weak Eurozone data On March 22, gold prices (NUGT) have been gaining due to safe-haven bids led by weaker-than-expected economic data from the Eurozone (HEDJ). The data