|Bid||0.00 x 1800|
|Ask||0.00 x 800|
|Day's Range||47.34 - 47.55|
|52 Week Range||43.99 - 50.81|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.60%|
The Eurozone’s (FEZ) (VGK) investor confidence has shown some weakness so far in May. The Sentix Investor Confidence Index was 19.2 compared to 19.6 in April, missing the market estimate of 21.2.
According to a report by Markit Economics, the final Spain Services PMI (Purchasing Managers’ Index) showed a weaker rise in April than in March. It was 55.6 in April compared to 56.2 in March. The figure didn’t meet the preliminary market estimate of 56.1 and was the weakest expansion in services activity since December 2017.
According to a report from the European Commission, the Eurozone Consumer Confidence Index stood at 0.4 so far in April as compared to 0.1 in March 2018, which was in line with the market expectations of 0.4. The consumer confidence index improved marginally in April as compared to last month mainly due to the improvement in economic activity of households. As household expenditure is an important component of the Eurozone’s GDP, the improvement in this component is a positive sign for the economy.
On a year-over-year basis, the Eurozone Inflation (VGK) (IEV) Index stood at 1.3% in March as compared to 1.1% in February 2018, according to data provided by Eurostat. The final reading came in under the preliminary reading of a 1.4% rise. After a gradual fall in the inflation index over the last three months, the index recovered marginally in March 2018.
Key economic indicators that investors should watch for this week are as follows: the Eurozone consumer confidence index the German Ifo business climate index Eurozone inflation UK inflation the German ZEW economic sentiment index the Eurozone ZEW economic sentiment index
Eurozone (EZU) (VGK) investor confidence has shown continued weakness so far in April 2018. The Sentix investor confidence index stood at 19.6 in April 2018 as compared to 24.0 in March 2018 and didn’t beat the market expectation of 21.2. The index has been declining gradually since January 2018, which shows that investor confidence has been weakening.
According to Markit Economics, the final Spain services PMI showed a weaker rise in March as compared to February 2018. It stood at 56.2 in March as compared to 57.3 in February 2018. The PMI figure met the preliminary market estimate of 56. It was the weakest expansion in service activity since January 2018.
According to a report by Markit Economics, the final Eurozone manufacturing PMI (purchasing managers’ index) has been falling gradually since December 2017. It was the weakest expansion in manufacturing activity since July 2017. Major member countries of the Eurozone such as Germany (EWG), France (EWQ), Spain, and Italy posted a softer rise in manufacturing activity in March 2018 as compared to February.
According to a report by Markit Economics, Spain’s manufacturing PMI stood at 54.8 in March as compared to 56 in February 2018. The March PMI figure met the preliminary market estimate of 54.8, but it was the lowest expansion in factory activity since October 2017.
Core inflation, which is an important measure on which the European Central Bank bases various policy decisions, excludes energy, alcohol, tobacco, and unprocessed food. Yearly core inflation was 1% in January 2018 compared to 0.9% in December 2017. The gradual fall in the Eurozone’s inflation figure is signaling that wage growth is not improving.
The break below key support levels on Europe-focused ETFs suggests that the region's financial markets could be setting up for a pullback.
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