iShares MSCI Australia ETF (EWA) - NYSEARCA
  • Tue, Mar. 8, 3:42 PM
    • Considering there's been a commodity crash, the aussie (NYSEARCA:FXA) is doing pretty well. Though slightly lower on today's session after an RBA Deputy Governor talked it down overnight, the currency at $0.7439 to the greenback is sitting just a hair below an eight-month high.
    • Up next for consideration is whether the RBA will take more steps to try and weaken the currency.
    • Even if the aussie strengthened no further from the current level, says Capital Economics' Paul Dales, non-resources net exports would switch from adding about 100 basis points to GDP to subtracting about 100 - meaning annual GDP growth would fall from 3% at the end of 2015 to 1% by the end of 2016.
    • Australia ETFs: EWA, IAF, AUSE, KROO, EWAS, FAUS, QAUS, DBAU, HAUD
    | Tue, Mar. 8, 3:42 PM
  • Wed, Mar. 2, 2:24 AM
    • Australia's economy expanded more than expected in the fourth quarter, a hopeful sign the worst of the global commodity rout may be over for the resource-rich nation.
    • On an annual basis GDP grew 3%, back to its long-term trend rate and ahead of economists' consensus estimate for 2.5% growth.
    • "Today’s GDP results confirm the resilience of the Australian economy, thanks to a rebalancing of activity away from mining investment into the services sectors," said Jasmin Argyrou, senior investment manager at Aberdeen Asset Management.
    • ETFs: EWA, IAF, AUSE, KROO, EWAS, FAUS, QAUS, DBAU, HAUD
    | Wed, Mar. 2, 2:24 AM
  • Thu, Feb. 4, 9:24 PM
    • The Reserve Bank of Australia issued a cautiously optimistic report on the economy in Australia in a new monetary policy statement. The RBA sees growth of 2.5% to 3.5% this year and headline inflation of between 2% and 3%.
    • The central bank warned that uncertainty with key trading partner China is still a significant risk.
    • Analysts think that if the RBA is it to be moved off its 2% benchmark rate level, it will be due to offshore headwinds.
    • Related ETFs: EWA, IAF, AUSE, FAUS, QAUS, DBAU, HAUD
    | Thu, Feb. 4, 9:24 PM
  • Thu, Feb. 4, 12:41 PM
    • The dollar (UUP -0.6%) is retreating again today, continuing a move which began at the start of the week and picked up steam yesterday morning when New York Fed President Bill Dudley called out the greenback's strength as a cause for concern.
    • Not coincidentally, commodity stocks are bouncing off of sharply discounted levels, with names like Freeport McMoRan, Vale, and Cemex up double digit percentages over the last day-plus.
    • Turning to countries, Brazil (EWZ +3.7%) is on a two-day tear of about 6%, and Canada (EWC +2%) of just under 3%. In its first chance to respond to Dudley's remarks, Australia (EWA +2.1%gained 2.1% overnight.
    • ETFs: DBB, BOM, RJZ, BOS, JJM, BDD, UBM, BDG, HEVY
    | Thu, Feb. 4, 12:41 PM | 6 Comments
  • Fri, Jan. 22, 4:28 PM
    | Fri, Jan. 22, 4:28 PM | 3 Comments
  • Fri, Jan. 8, 4:10 PM
    | Fri, Jan. 8, 4:10 PM
  • Dec. 31, 2015, 5:55 PM
    | Dec. 31, 2015, 5:55 PM | 3 Comments
  • Dec. 1, 2015, 3:00 AM
    • The Reserve Bank of Australia has left its cash rate unchanged at 2%, judging that the prospects for the economy have improved.
    • "While GDP growth has been somewhat below longer-term averages for some time, business surveys suggest a gradual improvement in conditions in non-mining sectors over the past year," the central bank said. "This has been accompanied by stronger growth in employment and a steady rate of unemployment."
    • ETFs: EWA, IAF, AUSE, KROO, EWAS, FAUS, QAUS, HAUD
    | Dec. 1, 2015, 3:00 AM
  • Nov. 20, 2015, 4:13 PM
    | Nov. 20, 2015, 4:13 PM | 4 Comments
  • Nov. 3, 2015, 2:31 AM
    • Australia's central bank kept its cash rate steady at a record low of 2% on Tuesday, but said subdued inflation meant there might be room for further easing if needed.
    • In a brief statement, RBA Governor Glenn Stevens stated the outlook for the economy had actually "firmed a little over recent months" with business conditions improving and employment stronger than expected.
    • That was a change from the October statement when no guidance on policy was offered.
    • ETFs: FXA, EWA, IAF, AUSE, CROC, KROO, EWAS, FAUS, QAUS, HAUD
    | Nov. 3, 2015, 2:31 AM
  • Oct. 14, 2015, 4:25 AM
    • Australia is poised to ratify a trade accord with China after proposing several compromises that amend domestic laws rather than the agreement itself.
    • The trade deal, which has taken the better part of a decade to complete, includes tariff arrangements that benefit farm exporters and the services sector and relaxes rules on Chinese inward investment.
    • It also underpins a deepening relationship between the two countries, and follows Australia's recent membership to the AIIB against the wishes of the U.S.
    • ETFs: EWA, IAF, AUSE, KROO, EWAS, FAUS, QAUS, HAUD
    • Previously: China, Australia reach free-trade deal (Nov. 17 2014)
    | Oct. 14, 2015, 4:25 AM | 2 Comments
  • Oct. 6, 2015, 3:46 AM
    • After five years of talks, a dozen nations across the Pacific Basin clinched an agreement on Monday that will reduce tariffs in countries making up 40% of the global economy.
    • Negotiators worked round the clock over the weekend to settle many tough issues surrounding the Trans-Pacific Partnership, including auto trade, dairy exports and monopoly periods for next-generation drugs.
    • News of the accord also helped trigger today's modest bounce across Pacific bourses involved in the TPP: Australia +0.3%, Japan +1%, Malaysia +0.7%, New Zealand +0.6%, Vietnam +1.9%.
    • ETFs: DXJ, EWJ, VNM, EWA, EWM, IAF, DFJ, DBJP, ENZL, NKY, AUSE, JOF, EZJ, JEQ, JPNL, DXJS, EWV, SCJ, KROO, HEWJ, JSC, JPP, EWAS, FAUS, QJPN, FJP, DXJT, JPMV, DXJC, DXJR, DXJH, JHDG, QAUS, DXJF, HEGJ, HGJP, JDG, JPN, HAUD
    | Oct. 6, 2015, 3:46 AM | 1 Comment
  • Oct. 1, 2015, 11:19 AM
    • Extrapolating numbers from a new IMF report on foreign exchange reserves, RBC analyst Michael Turner says China could own $130B, or 20% of the Australian bond market.
    • This could mean more downward pressure than thought on the Australian dollar (NYSEARCA:FXA) as China sells foreign holdings to balance capital outflows from the country.
    • "A key source of demand for $A paper is likely to have been curtailed, and it seems unlikely the private sector flows on the other side of these reserve transactions will seek to find a similar home in Australian dollar fixed income," says Turner.
    • ETFs: EWA, IAF, AUSE, KROO, EWAS, FAUS, QAUS, HAUD
    | Oct. 1, 2015, 11:19 AM | 1 Comment
  • Sep. 28, 2015, 9:36 PM
    • The Nikkei (NYSEARCA:EWJ) is lower by 3.6% in early action, and Shanghai (NYSEARCA:FXI) and Hang Seng (NYSEARCA:EWH) futures - markets open at 10 ET - are each down about 4%.
    • Shares in Sydney (NYSEARCA:EWA) are lower by 2.7%, and Singapore (NYSEARCA:EWSby 1.5%.
    • For now, commodity and currency markets are roughly unchanged from this afternoon. The 10-year U.S. Treasury yield has dipped one more basis point to 2.09%.
    | Sep. 28, 2015, 9:36 PM | 14 Comments
  • Sep. 14, 2015, 8:37 AM
    • Australian Prime Minister Tony Abbott has been ousted after a leadership challenge in his conservative party by Malcolm Turnbull, who becomes the country's sixth prime minister in eight years.
    • Turnbull -- communications minister, chief rival to Abbott, and a former Goldman Sachs Australia managing director -- won a 54-44 Liberal Party vote to replace Abbott, the latest move in a volatile political era for the country.
    • Abbott won the government two years ago and narrowly survived another challenge to his leadership previously.
    • ETFs: FXA, EWA, IAF, AUSE, CROC, KROO, EWAS, FAUS, QAUS, HAUD
    | Sep. 14, 2015, 8:37 AM | 1 Comment
  • Sep. 11, 2015, 4:12 PM
    | Sep. 11, 2015, 4:12 PM
EWA Description
The iShares MSCI Australia Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Australian market, as represented by the MSCI Australia Index.
See more details on sponsor's website
Country: Australia
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