|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||59.09 - 59.36|
|52 Week Range||50.86 - 63.60|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.10%|
Is one corner of Europe—Portugal—offering a good deal? Yes, say the bulls, as they emphasize that Portugese stocks are benefiting from a greatly improved economic backdrop.
The euro-dollar (FXE) exchange rate closed the week ending March 2, 2018, at 1.23. The major factors that drove the euro in the previous week were the election and political uncertainty in Italy and Germany. Over the weekend, Italy had a hung parliament verdict.
The nominal GDP growth rate, which is the real growth rate plus inflation (TIP), was 4.9%. The nominal GDP growth rate for 2017 was 4.4%, and 3.9% in 2015 and 2016. The current federal funds rate of 1.25%–1.50% is much lower than the rates implied by the nominal GDP growth rate, suggesting that the US Fed could move ahead with faster rate hikes if the economy supports such rate increases.
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.
Bridgewater, founded by billionaire investor Ray Dalio, has made waves this month with a titanic bet against European stocks. It’s worth examining the crosscurrents around the wager, why it might founder, ...
The euro-dollar (FXE) exchange rate closed the week ending February 23 at 1.23, depreciating by 0.91% against the US dollar (UUP). A mix of weak economic data and dovish European Central Bank minutes drove the euro lower against the US dollar. Last week, manufacturing and service sector activity was reported to have slowed across the Eurozone.
The break below key support levels on Europe-focused ETFs suggests that the region's financial markets could be setting up for a pullback.
The biggest political risk to markets could arise from a trade war that has been playing out ever since Donald Trump came to power. President Trump has repeatedly threatened to terminate NAFTA (North American Free Trade Agreement), which is important to all three member countries: the US, Canada, and Mexico. There has been much discussion ahead of the NAFTA renegotiation deadline in March. The question arises whether abandoning NAFTA could bolster US economic interests.