iShares MSCI Spain Capped ETF (EWP) - NYSEARCA
  • Mar. 26, 2012, 4:25 AM

    "It doesn’t take much to recreate risks of contagion," says Italian PM Mario Monti, calling out Spain as a country that could reignite the eurozone debt crisis. Spanish shares are also under pressure following a weekend regional election in which the ruling People's Party failed to obtain an absolute majority. Spain's IBEX 35 -0.9%.

    | Mar. 26, 2012, 4:25 AM | 2 Comments
  • Mar. 23, 2012, 3:58 PM

    It's Spain's private sector debt - almost 4X public debt and footing to 220% of GDP - that threatens the country. As Ireland found out, when private debt goes bad it gets foisted onto the public balance sheet, turning solid government finances into national insolvency overnight. "The firewalls of Europe are not high enough to drown out the din of alarm bells ringing in Madrid," writes Vince Cignarella.

    | Mar. 23, 2012, 3:58 PM | 3 Comments
  • Mar. 23, 2012, 12:43 PM
    European shares close mixed, but well of the day's worst levels, ending one of their worst weeks of the year as the whiff of sovereign debt issues creeps back into the conversation. Stoxx 50 -0.3%, Germany +0.2%, France +0.2%, Italy +0.2%, Spain -1%, U.K +0.2%. For the week, the Stoxx 50 lost 3.3%.
    | Mar. 23, 2012, 12:43 PM
  • Mar. 23, 2012, 8:07 AM
    After opening higher, it's been a straight line down for European shares which now sit at session lows. Stoxx 50 -1.1%, led by Spain -1.5%. At this point, it's looking like the worst week of the year for shares across the pond, with the Stoxx 50 off about 4% from Monday morning.
    | Mar. 23, 2012, 8:07 AM
  • Mar. 22, 2012, 8:46 AM
    Spain's borrowing costs continue to rise, the 10-year note +9 bps to 5.49%. The rate stood at just 4.83% at the start of March. Italy's yields are marginally higher, but remain near multi-month lows as Spain is the troubled peripheral country du jour.
    | Mar. 22, 2012, 8:46 AM | 1 Comment
  • Mar. 21, 2012, 8:21 AM
    Spain is at greater risk of default than ever before, Citi's Chief Economist Willem Buiter tells Bloomberg Radio. His remarks may be having an effect on the euro, which is pulling back even more from big early gains, now flat at $1.3224. Spain also red now, -0.3%. (listen live here)
    | Mar. 21, 2012, 8:21 AM | 2 Comments
  • Mar. 19, 2012, 10:03 AM

    The worst of the debt crisis lies ahead, writes Wolfgang Munchau, who takes the contrary stance that the ECB's policies have not bought time, but instead have slowed necessary economic and political adjustment. Spain - which had the most egregious property bubble, but has done little to account for it - is next. "Default is the only escape."

    | Mar. 19, 2012, 10:03 AM | 4 Comments
  • Mar. 16, 2012, 7:30 AM
    Spain's debt/GDP ratio rose to 68.5% at the end of last year's end, thanks to a budget deficit of 8.5% of GDP, well above the 6% target. In 2007, debt/GDP stood at just 36.2%.
    | Mar. 16, 2012, 7:30 AM | 3 Comments
  • Mar. 15, 2012, 6:57 AM

    Spanish housing prices slid at an annualized rate of 11.2% in Q4 (7.4% previous), a faster decline than even in the midst of the financial crisis. This is a similar pattern to the U.S., where government efforts to repeal the law of gravity prop things up for a bit, but ultimately fail.

    | Mar. 15, 2012, 6:57 AM | 2 Comments
  • Mar. 13, 2012, 10:14 AM
    Nomura points out the current IMF forecast for Spanish GDP growth is worse than the "adverse" scenario of the most recent EU bank stress test. (via)
    | Mar. 13, 2012, 10:14 AM
  • Mar. 13, 2012, 9:52 AM

    "(Spain's) problems are significantly worse than Greece's," says Sony Kapoor, who believes the country could tip Europe back into a state of instability. 2012 will be the year to see if austerity works, with Spain being the key testing ground, he believes.

    | Mar. 13, 2012, 9:52 AM | 3 Comments
  • Mar. 13, 2012, 3:57 AM
    Spain's self-declared deficit target of 5.8% of GDP "is dead," says Eurogroup chief Juncker, as European finance ministers reach an accord with Spain to cut an additional 0.5% of GDP out of the 2012 budget. Spain still says it will hit the eurozone's 3% limit in 2013.
    | Mar. 13, 2012, 3:57 AM | 1 Comment
  • Mar. 12, 2012, 1:00 PM
    European shares close about unchanged in quiet trade. Stoxx 50 flat, Germany +0.3%, France +0.1%, Italy flat, U.K. +0.1%. The outlier is Spain, -1.3%, and quickly becoming a focus for eurocrats concerned over missed budget targets. The euro +0.2% at $1.3148.
    | Mar. 12, 2012, 1:00 PM
  • Mar. 12, 2012, 8:21 AM
    Eurozone finmins will sign off on Greece's 2nd bailout package today, and then turn their attention to Spain, whose budget plans are running off the rails. Amidst staggering unemployment, Spain thumbed its nose at Brussels, scrapping a 4.4% deficit/GDP goal for 2012. "They will have to be questioned. I think there are no real reasons for missing the target this year," says a EU official. Sounds like war.
    | Mar. 12, 2012, 8:21 AM | 2 Comments
  • Mar. 9, 2012, 6:13 AM
    Spanish unions call a general strike for March 29 after failing to reach a deal with the government on labor reform.
    | Mar. 9, 2012, 6:13 AM
  • Mar. 9, 2012, 2:41 AM

    The European Commission has sent a team of experts to Spain to check its budget deficit data, according to Spanish website Expansion. No details were provided as to the source of the report. (Spanish report, web-based translation)

    | Mar. 9, 2012, 2:41 AM | 1 Comment
EWP Description
The iShares MSCI Spain Capped Index Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Spain 25/50 Index (the “Underlying Index”).
See more details on sponsor's website
Country: Spain
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