|Bid||0.00 x 900|
|Ask||0.00 x 4000|
|Day's Range||55.47 - 55.67|
|52 Week Range||46.80 - 60.53|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.03|
|Expense Ratio (net)||0.09%|
Global Economic Indicators Paint a Mixed Picture(Continued from Prior Part)EuropeThe Eurozone manufacturing PMI (purchasing managers’ index), which was released earlier today, painted a grim picture of the region’s economy. While Germany’s
The enthusiasm to join the EU in the early 2000s contrasts current sentiment in Europe, where the United Kingdom has been crafting its exit strategy. Its eventual withdrawal will reduce the EU to 27 states and shrink the aggregate economy. Benzinga does not provide investment advice.
United States has proposed import tariffs on a host of EU products in reaction to its subsidies to Airbus. The move can hurt these ETFs and stocks.
British Prime Minister Theresa May told members of her Conservative Party that she will step down ahead of a second phase of talks on how the country will exit the European Union — the troubled process known as Brexit. Conservative Party members of Parliament told Reuters and other media outlets that May said in a private meeting that if she can get an agreement to carry on with a plan for leaving the economic bloc approved she would then step down. “I know there is a desire for a new approach, and new leadership, in the second phase of the Brexit negotiations, and I won’t stand in the way of that,” May told Conservative Party lawmakers, according to excerpts released by Downing Street and reported by the Washington Post.
MPs voted 329 to 302 to back an amendment put forward by Conservative MP Sir Oliver Letwin that will allow Parliament to vote on alternative Brexit plans, known as indicative votes. May finally brought her deal to Parliament for scrutiny in mid-January, amid accusations by opposition MPs that she was running down the clock to the Brexit date (this Friday, 29 March), in order to force MPs to back her deal.
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 ...
British Prime Minister Theresa May looks to have conceded defeat on her Brexit deal, concluding today that there was not enough support for the deal to return for a third vote, leaving the way open for Parliament to take control of the Brexit process. Following discussions with the Labour Party leader Jeremy Corbyn and the leader of the Democratic Unionist Party (DUP), the Government's position was rejected by both leaders. The Labour Party is supporting an amendment to the Government motion on its Withdrawal Bill that will see indicative votes on alternative ways forward.
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
Economic Slowdown Deepens, Central Banks Take Charge(Continued from Prior Part)Central banks As we discussed previously, central banks in developed economies like the US (SPY), Europe (VGK) (VEU), and Japan (EWJ) have adopted a dovish approach. While
Parliament voted by 312 votes to 308 to amend the Government's motion from rejecting a no deal Brexit on 29 March, to rejecting no deal in perpetuity. Following the vote on the amendment, the main motion, as amended (that is that no deal has been rejected by Parliament in perpetuity) was passed by 321 votes to 278, though this vote is not legally binding. Brexit is subject to Article 50, and therefore in law that the UK will leave on 29 March, it will require action from Government to either change the law, repeal Article 50 (thereby remaining in the EU) or to come up with a deal that will pass through Parliament.
The iShares MSCI United Kingdom Index (NYSE: EWU) and Vanguard FTSE Europe ETF (NYSE: VGK) opened slightly higher Wednesday after U.K. lawmakers voted down another Brexit deal proposed by Prime Minister Theresa May. “We regret the outcome of tonight's vote," the spokesperson said. The EU is willing to consider a “reasoned request for an extension” to the March 29 Brexit deadline, according to Tusk’s spokesperson.
Members of Parliament in the United Kingdom (UK) voted by 149 votes, 391 to 242, to defeat Prime Minister Theresa May's Withdrawal Agreement. The defeat now means that Parliament will vote on whether to reject a no deal Brexit tomorrow and whether to extend Article 50 on Thursday, March 14. The uncertainty in the UK has ratcheted up another notch.
Over the past week, #japanification has been trending among economists and investors on Twitter. The term has been on investors’ minds since the European Central Bank warned last week that economic growth in the eurozone would be much lower in 2019 than it previously anticipated. What Is Japanification? "Japanification" is the idea that an economy could endure a prolonged period of low-growth expansion accompanied by low levels of inflation.
Europe ETFs retreated Thursday, following the European Central Bank's announcement of new cheap loans for banks and forward guidance for low interest rates ahead, as traders interpreted the stimulus measures as a sign of weakness for the economic environment ahead. On Thursday, the Vanguard FTSE Europe ETF (VGK) declined 1.1% and iShares MSCI EMU ETF (EZU) was 1.3% lower. In a major policy reversal Thursday, the ECB revealed plans for fresh measures to stimulate the Eurozone economy less than three months after ending a €2.6 trillion, or $2.9 trillion, bond-buying program, the Wall Street Journal reports.
Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a third round of bank stimulus that will begin in September and run through March 2021.
Trade War: Trump Picks New Targets as China Talks Wrap UpChina talks Recent statements from the Trump administration suggest that the United States (SPY) and China (FXI) might resolve their trade disputes. The two sides have held four rounds of
Over the past several years, some of the largest issuers of exchange traded funds, including BlackRock’s iShares and State Street’s SPDR ETFs, have reduced fees on existing ETFs, introduced new low-cost ...
Vanguard Group has trimmed the fees on a handful of ETFs in the latest round of cost cutting on a number of products to gain an edge on competitors as an increasing number of investors look to cheap investment options.