|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||47.84 - 48.06|
|52 Week Range||42.97 - 50.81|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.60%|
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.
Will Qualcomm Acquire NXP—Or Be Acquired by Broadcom? In October 2016, Qualcomm (QCOM) agreed to acquire NXP Semiconductors (NXPI) for $110 per share, valuing the deal at $38 billion. The deal was expected to close by the end of 2017 and to add $10 billion to Qualcomm’s annual revenue.
Will Qualcomm Acquire NXP—Or Be Acquired by Broadcom? Qualcomm’s (QCOM) licensing disputes and the slowdown in smartphone shipments in China have significantly impacted the company’s revenues. Qualcomm manufactures its chips at Samsung’s (SSNLF) foundries.