iShares MSCI France ETFNYSEARCA
Yesterday, 2:28 AM
- Francois Hollande will not seek re-election for a second term in France's 2017 Presidential election, injecting new uncertainty into next year's race.
- "Today I am aware of the risk of not being able to unite" people behind my candidacy, he said from the Elysee Palace.
- Another leftist candidate will now be sought to take on conservative Francois Fillon and far-right leader Marine Le Pen.
- ETFs: EWQ
Mon, Nov. 28, 2:35 AM
- France has chosen its next conservative candidate and it's not who the pollsters were predicting it would be just a matter of weeks ago.
- Francois Fillon received around 66% of the vote in the second round of the republican primaries, making him favorite to win a presidential election five months from now against far-right rival Marine Le Pen and a deeply divided left.
- ETFs: EWQ
Mon, Nov. 21, 4:09 AM
- Nicolas Sarkozy has bid adieu to his presidential comeback after a late surge of support for Francois Fillon shook up the French primary race ahead of next year's election. He's likely to face original front runner Alain Juppe in a run-off.
- Meanwhile, Angela Merkel has decided to seek a fourth term as Chancellor in Germany's election, to be held in 2017, saying she's "thought endlessly" about the decision following 11 years in office.
- Previously: Speculation grows over Merkel's re-election plans (Nov. 20 2016)
- ETFs: EWG, DAX, GF, EWQ, DXGE, DBGR, HEWG, EWGS, FGM, QDEU
Wed, Nov. 16, 3:19 AM
- Citing persistent terrors threats, Francois Hollande wants to extend the state of emergency in France until the presidential elections in April and May.
- The measures were introduced in November 2015, following a series of terror attacks in Paris that left 130 people dead.
- They give authorities far-reaching powers, including banning people from leaving their homes and conducting searches without a court order.
- ETFs: EWQ
Mon, Nov. 7, 1:06 PM
- Stocks in the Europe had their best day since late September as the Stoxx Europe 600 rose 1.53% ahead of the U.S. election.
- The major indexes in Germany, France and the U.K. were all up over 1.7%.
- The equity rallies in Asia, Europe and the U.S. have pulled some money out gold. Spot gold is down 1.80% to $1,281.59
- ETFs: EWG, EWU, DAX, GF, EWQ, DXGE, DBGR, HEWG, FGM, FKU, DXPS, QDEU, DBUK, QGBR, HEWU.
Fri, Oct. 28, 5:35 AM
- French growth rebounded in Q3, after contracting in the previous period, as part of a start-stop expansion that leaves Europe's second-largest economy lagging its neighbors.
- GDP in France expanded by 0.2%, compared to Spain, which grew 0.7% during the period.
- How about inflation? The French preliminary CPI figure for October came in at 0.0% M/M, flaming the fire for critics of the ECB's stimulus program.
- ETFs: EWP, EWQ, QESP, HEWP, DBSP
Tue, Oct. 18, 9:34 AM
- FedEx (NYSE:FDX) plans to spend €1.4B ($1.54B) to double the shipping capacity out of the Charles de Gaulle International Airport outside of Paris.
- The total includes €200M in expanding the facility and €1.2M in rent for 30 years.
- The large investment is interesting in light of the U.K. vote to leave the European Union. That point wasn't lost on French president Francois Hollande who mentioned it in a statement.
- "Britain's decision to leave the European Union should make us seek even more investments, make us showcase France's attractiveness," extolled Hollande.
- ETFs: EWQ
Mon, Oct. 10, 12:17 PM
- Europe stocks finished the day in positive territory.
- The French CAC was up 1.06% and the German DAX finished with a 1.27% gain. The FTSE 100 was up 0.75% to finish at its highest level in more than a year. Miners and oil stocks were strong on the day.
- ETFs: EWG, EWI, EWU, DAX, GF, EWQ, DXGE, DBGR, HEWG, EWGS, FGM, FKU, DXPS, QDEU, DBUK, QGBR, HEWI, HEWU, DBIT.
Sun, Aug. 21, 8:01 AM
- The leaders of Germany, France and Italy will meet on an island off the coast of Naples tomorrow to discuss how to keep the European project together in the second set of talks between the eurozone's three largest economies since Britain's vote to leave the EU.
- According to a French diplomatic source, Merkel wants to cement "a better Europe" rather than forge ahead with "more Europe," Renzi wants Italy to have a strong voice in how the bloc's future is shaped post-Brexit and Hollande wants an EU-wide investment plan to be doubled.
- ETFs: EWG, EWI, EWU, DAX, GF, EWQ, DXGE, DBGR, HEWG, EWGS, FGM, FKU, DXPS, QDEU, DBUK, QGBR, HEWI, HEWU, DBIT
Fri, Aug. 19, 10:58 AM
- European stock markets have been in quiet retreat all week, and today's 1% decline in the Stoxx 50 (NYSEARCA:FEZ) puts that index lower by 2.7% for the week.
- Leading to the downside today is Italy's (NYSEARCA:EWI) 2.3% loss, followed by Spain (NYSEARCA:EWP), down 1.4%.
- The biggest news of note is a report suggesting the Brexit could come a lot sooner than previously thought. It's sent the pound nicely lower vs. the euro, and could be accounting for the softness in European shares (the FTSE is down just 0.2%).
- Germany (NYSEARCA:EWG) is down 0.6%, and France (NYSEARCA:EWQ) 1%.
- ETFs: VGK, HEDJ, FEZ, IEV, EPV, EZU, FEU, EURL, DBEU, EEA, FEP, HEZU, UPV, IEUR, FEEU, ADRU, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HFXE, DEZU, PTEU, RFEU, HGEU, FIEE, GSEU
Mon, Aug. 8, 3:11 AM
- Terrorist attacks are taking their toll on France’s tourism industry, with Paris bearing the brunt of a drop in visits by holidaymakers from outside Europe.
- Overnight stays fell about 10% on average this year through July, and the country's tourist sector alone has lost an estimated €270M since late 2015.
- In the last few weeks, the U.S. State Department has also issued additional travel warnings for voyagers to Europe and Turkey.
- ETFs: EWQ
Tue, Aug. 2, 12:41 PM
- Germany's Commerzbank (OTCPK:CRZBY) tumbled nearly 9% after warning it won't hit its profit target this year, while Italy's banks fell broadly on continued investor worries about their health.
- Meanwhile, European exchange operator Stoxx is invoking its "fast exit" rule to kick Deutsche Bank (DB -3.6%) and Credit Suisse (CS -4.6%) out of its Stoxx 50 (FEZ -1.1%) index on August 8. Typically index changes are made just once a year, but the performance of the two has been so horrid of late (both down about 50% in 2016) that Stoxx doesn't want to wait.
- Bloodied longs can take comfort in the fact that these sorts of things tend to happen a lot closer to the bottom than the top.
- Italy (NYSEARCA:EWI) closed with losses of 2.8%, as did Spain (NYSEARCA:EWP). Germany (NYSEARCA:EWG) lost 1.8%, as did France (NYSEARCA:EWQ).
- The Nasdaq's 1.1% decline is leading the U.S. lower, with the S&P 500 down 0.8%, and the Dow off 0.6%.
Fri, Jul. 22, 5:57 AM
- Business activity in the eurozone did not fall as much as expected in July, despite Brexit jitters and the Bastille Day massacre, as Markit's flash PMI for the region dropped to 52.9 from June's 53.1.
- Meanwhile, sterling is down 0.8% to $1.3133 after the British economy shrank at its steepest pace since early 2009, with the flash U.K. composite PMI falling to 47.7 from 52.4.
- "At this level, the survey is signaling a 0.4% contraction of the [U.K.] economy in Q3," said Chris Williamson, chief economist at Markit.
- ETFs: EWU, FKU, DXPS, DBUK, QGBR, HEWU, EWG, DAX, GF, EWQ, DXGE, DBGR, CEE, HEWG, TRF, GUR, EWGS, ESR, FGM, QDEU
Fri, Jul. 15, 7:03 AM
- There's at least a temporary pause in the global rally after terrorists strike again in France. Europe's Stoxx 50 (NYSEARCA:FEZ) is lower by 0.55%. France's CAC-40 (NYSEARCA:EWQ) is down 0.8%. U.S. stock index futures are down marginally.
- Asia climbed overnight, led by the Nikkei's 0.7% advance.
- The 10-year Treasury yield is flat at 1.54%, and gold/oil are little-changed.
- Up later this morning are June's CPI and retail sales reports.
- ETFs: QQQ, DIA, TQQQ, PSQ, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, DDM, QQEW, QQQE, QQXT, UDPIX, OTPIX
Fri, Jul. 15, 2:27 AM
- Eight months after a murderous rampage in Paris, a deadly attack in the French coastal city of Nice has killed at least 84 people and wounded scores.
- The "terrorist" gunman, described as a French national of Tunisian descent, drove a heavy truck at high speed into a crowd that had been watching Bastille Day fireworks along the Riviera.
- Equities are trading lower, weighed down by travel and tourism stocks, in yet another terror driven selloff.
- CAC 40 -0.6% to 4,358.
- Related tickers: EXPE -2.4%, PCLN -1%, TRIP -1%, NCLH -3%, RCL -2.5%, CCL -0.2%, AAL -1.4%, UAL -1.2%, DAL -1.5%.
Tue, Jul. 5, 3:13 PM