58.75 +0.07 (0.12%)
After hours: 4:01PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||58.64 - 58.78|
|52 Week Range||45.36 - 59.02|
|PE Ratio (TTM)||-10.93|
|Expense Ratio (net)||0.10%|
The euro-dollar (FXE) pair closed the week ending October 13 at 1.1822 against the US dollar (UUP). The shared currency managed to rebound from an 11-week low the week before, affected by political turmoil ...
The iShares MSCI Germany Small-Cap ETF (EWGS), which tracks the performance of small-cap stocks in Germany, rose 3.5% in September.
The final Eurozone services PMI (purchasing managers’ index) rose strongly in September 2017. It stood at 55.8 in September 2017, up from 54.7 in August 2017.
With the Shiller CAPE 10 above 30 (to be precise, 30.7 as I write this), it’s likely you have seen an interview or read an article in which some “guru” claims the market is on its last legs due to excessive valuations. Certainly, current valuations are high relative to their long-term historical averages, which means forward-looking return expectations are lower. However, that doesn’t necessarily mean the market is overvalued, just relatively expensive.
It's possible that political pressures could keep the euro under pressure as the economic calendar remains light in the Eurozone.
The United Kingdom’s manufacturing PMI stood at 55.9 in September 2017, compared to 56.9 in the previous month. The PMI figure was below the preliminary market expectation of 56.4.
According to a report by Markit Economics, the final Eurozone manufacturing PMI (purchasing managers’ index) improved strongly in September 2017.
According to a report by Markit Economics, Germany’s final manufacturing PMI stood at 60.60 in September 2017, compared to 59.30 in August.
According to a report by Markit Economics, Spain's manufacturing PMI rose to 54.3 in September 2017, compared to 52.4 in August.
The euro-dollar (FXE) closed the week ending September 29 at 1.1814 against the US dollar (UUP). German election results had a minor negative impact on the shared currency.
Spain is in the middle of a political crisis, which took a turn Sunday following Catalonia’s secession referendum vote. The vote on whether to have Catalonia become an independent republic was an overwhelming success for Catalan separatists, but has yet to be recognized by Spain’s central government.
The illegal Catalonia referendum for independence could be disastrous for Spain. As some try to blame the Russians, others in the market begin to game out worst case scenarios.
After years of ultra-loose monetary policy, global markets are beginning to realize they may have to wave goodbye to easy money. In their efforts to save the global system from…
Marc Faber said in the interview that he is becoming more positive about emerging markets and particularly China, in which he has increased his position.
The global economy (ACWI) is showing signs of a strong recovery in 2017. Emerging nations (EEM) and developed nations (EFA) are both contributing to these results.
The Eurozone Sentix Investor Confidence Index stood at 28.2 for September 2017 as compared to 27.7 in August 2017.
According to a report by Markit Economics, the Eurozone services PMI (purchasing managers’ index) stood at 54.7 in August as compared to 55.4 in July 2017.
According to a report by Markit Economics, the Spain Services PMI (purchasing managers’ index) stood at 56 in August compared with 57.6 in July.
According to data provided by Markit Economics, the August Germany Services PMI (purchasing managers’ index) stood at 53.5 compared with 53.1 in July 2017.