SPDR EURO STOXX 50 ETF (FEZ) - NYSEARCA
  • Thu, Jul. 21, 9:28 AM
    • Noting the "encouraging resilience" with which markets have handled the Brexit news, Mario Draghi says the ECB will be in better position to assess the fallout in coming months.
    • Live blog
    • While expecting the eurozone economy to continue to move forward at a moderate pace, risks remain to the downside, in part thanks to the Brexit.
    • Asked about the unrelenting bear market in the stock prices of the EU's banks, Draghi says it's "of some significance" to policy makers because it raises the lenders' cost of capital, meaning lending becomes less profitable, meaning less lending. As for bank solvency, he's not too concerned, saying they're in much better shape than they were headed into the financial crisis.
    • The euro (NYSEARCA:FXE) has bounced around a bit, but is currently back to flat on the session at $1.1017. The Stoxx 50 (NYSEARCA:FEZ) initially dipped hard as Draghi began his press conference, but has returned to a loss of just 0.3%.
    • ETFs: FXE, VGK, EUO, HEDJ, FEZ, ERO, IEV, EPV, EZU, DRR, FEU, EURL, DBEU, ULE, EEA, EUFX, FEP, HEZU, UPV, IEUR, URR, FEEU, ADRU, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HFXE, RFEU, PTEU, GSEU, DEZU, HGEU, FIEE
    | Thu, Jul. 21, 9:28 AM | 3 Comments
  • Thu, Jul. 21, 8:26 AM
    • As expected, the ECB left rates unchanged today - the main refinancing rate at 0%, the marginal lending facility at 0.25%, and the deposit rate at -0.40%. QE will continue to run at €80B monthly until at least March 2017.
    • The Stoxx 50 (NYSEARCA:FEZ) is lower by 0.35%, and the euro (NYSEARCA:FXE) flat at $1.1022.
    • The main event awaits - Mario Draghi's press conference begins in five minutes.
    | Thu, Jul. 21, 8:26 AM
  • 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, 7:03 AM | 7 Comments
  • Thu, Jul. 14, 7:06 AM
    • The Bank of England surprises the markets by holding policy steady. The bank does say it reviewed a range of stimulus measures, and that most expect to cut rates at the August meeting. One of the nine members voted for a 25 basis pints rate cut today.
    • The pound (NYSEARCA:FXB) has reversed from losses to a 1.5% gain vs. the dollar, and is now buying $1.3340.
    • Up nicely ahead of the news, Europe's Stoxx 50 (NYSEARCA:FEZ) has given some back, now up 0.55%. The FTSE 100 (NYSEARCA:EWU) has moved just into the red.
    | Thu, Jul. 14, 7:06 AM | 30 Comments
  • Tue, Jul. 12, 7:21 AM
    • With a 1.7% advance today, Europe's Stoxx 50 (NYSEARCA:FEZ) is within shouting distance of its level prior to the U.K. decision to exit the EU. The FTSE 100 is flat on this session, but flew past its pre-Brexit level days ago.
    • The S&P 500 is also above where it was prior to the vote, and is set for more gains, with futures higher by 0.5%. Dow and Nasdaq futures are up about the same amount.
    • Alcoa is up 3.85% premarket after an earnings beat last night.
    • The Nikkei led Asia overnight with a 2.5% gain.
    • With money pouring back into stocks, Treasury yields continue their rise, the 10-year higher by five bps to 1.48%. Crude oil is up 2.8% to $46 per barrel, and gold is down 0.45% to $1,350 per ounce.
    • ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, BXUB, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPXT, TALL, SPDN, SPXV
    | Tue, Jul. 12, 7:21 AM | 23 Comments
  • Tue, Jul. 5, 11:55 AM
    • M&G Investments suspends action on the £4.4B Property Portfolio fund, making it the third U.K. asset manager to do so after the Brexit vote sparked a flurry of redemptions.
    • Source: Bloomberg
    • Aviva Investors suspending trading in a fund earlier today, and Standard Life did the same yesterday.
    • The pound (NYSEARCA:FXB) continues to tumble, now off a full 2% today vs. the dollar at $1.3020. At least in nominal terms the FTSE (NYSEARCA:EWU) is doing fine, closing higher by 0.35% today while broader European markets (NYSEARCA:FEZfell nearly 2%.
    | Tue, Jul. 5, 11:55 AM | 12 Comments
  • Tue, Jul. 5, 9:05 AM
    • Cable (NYSEARCA:FXB) is lower by 1.65% today to $1.3061 - taking out by a decent margin the panicky lows set following the shock Brexit vote. Alongside that move vs. the dollar, the pound has also tumbled to nearly a three-year low against the euro (NYSEARCA:FXE).
    • It's leading to interesting action in equities, with the FTSE 100 (NYSEARCA:EWU) cruising along to a modest gain today, while Europe's Stoxx 50 (NYSEARCA:FEZtumbles 1.5%, led by a 1.6% decline in German (NYSEARCA:EWG).
    • The Bank of England's Mark Carney late last week more or less promised a rate cut this summer, and hinted at more QE, if necessary.
    • ETFs: VGK, HEDJ, FEZ, IEV, EPV, EZU, FEU, EURL, DBEU, EEA, FEP, HEZU
    | Tue, Jul. 5, 9:05 AM | 3 Comments
  • Thu, Jun. 30, 12:22 PM
    • A flattish session is turning into another nice move higher after Bank of England Governor Mark Carney more or less promised a rate cut this summer, and hinted at more QE, if necessary.
    • Up only modestly ahead of his speech, the Stoxx 50 (NYSEARCA:FEZ) closed higher by 1.1%, led by the FTSE's 2.3% advance. Germany (NYSEARCA:EWGgained 0.7%, France (NYSEARCA:EWQ1%, Spain (NYSEARCA:EWP0.7%, and Italy (NYSEARCA:EWI1.6%.
    • The S&P 500 (NYSEARCA:SPY) and DJIA (NYSEARCA:DIA) are now each higher by 1%, and Nasdaq (NASDAQ:QQQ) by 0.85%.
    • ETFs: VGK, HEDJ, FEZ, IEV, EPV, EZU, FEU, EURL, DBEU, EEA, FEP, HEZU, UPV, IEUR, FEEU, ADRU, FIEU, DBEZ, FEUZ
    | Thu, Jun. 30, 12:22 PM | 6 Comments
  • Wed, Jun. 29, 11:14 AM
    • With today's 1.25% gain in the S&P 500, the index is only about 2% below the level at which it stood prior to the Brexit vote. The Dow is ahead 1.1% today and the Nasdaq 1.3%.
    • Not long before the close, Europe's Stoxx 50 (NYSEARCA:FEZ) is higher by another 2.5%, but a full 7% below its pre-Brexit level. Looking a little further back though, the index is at the same spot it stood at in mid-June.
    • The FTSE 100 (NYSEARCA:EWU) is ahead by 2.7% today, and has more or less returned to its pre-Brexit level. For now, according to markets, it's Europe, not the U.K., that will suffer most from Thursday's vote. The pound remains sharply lower from Thursday, however, and that is no doubt making the U.K. picture look a little better.
    | Wed, Jun. 29, 11:14 AM | 14 Comments
  • Tue, Jun. 28, 12:51 PM
    • It's not exactly a rip-roaring bounce, but it's a bounce nonetheless, with the Stoxx 50 (NYSEARCA:FEZ) closing up 2.1%, led by 2.6% gains in the U.K. (NYSEARCA:EWU) and France (NYSEARCA:EWQ). Germany (NYSEARCA:EWGrose 1.9%.
    • Alongside is a pretty lame rebound in the pound (NYSEARCA:FXB), up 0.8% vs. the dollar to $1.3330.
    • Meanwhile interest rates aren't really buying it. The 10-year U.S. Treasury yield is up just 3 basis points to 1.46%, and the German 10-year Bund yield higher  by just 1 basis point. TLT +0.2%, TBT -0.4%
    • The Nasdaq's 1.6% gain is leading U.S. stocks. The S&P 500 is up 1.1% and the Dow 0.9%.
    | Tue, Jun. 28, 12:51 PM | 8 Comments
  • Mon, Jun. 27, 7:04 AM
    • A rally attempt in Europe has failed, and the Stoxx 50 (NYSEARCA:FEZ) at this writing is at session lows, down 2%.
    • U.S. stock index futures have been mired in moderate red territory since opening last night, and continue to be down about 0.75%.
    • Overnight in Asia, the Nikkei bounced 2.4% and Shanghai gained 1.45%.
    • The 10-year Treasury yield is lower by another 8 basis points to 1.475 and U.K. 10-year Gilt yields have tumbled below 1% for the first time ever. German 10-year Bund yields are down 6 bps to negative 0.10%. In what may or may not be some good news, yields on the EU periphery are also falling (they shot higher amid the carnage on Friday).
    • The pound is off another 3.3% vs. the dollar to $1.3232.
    • Gold's added another 0.9% to $1,334 per ounce, and oil is modestly lower.
    • ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, RWL, SDOW, VFINX, EPS, DDM, QQEW, BXUB, QQQE, SPLX, SFLA, BXUC, QQXT, SPUU, SPXE, LLSP, UDPIX, OTPIX, RYARX, SPXN, SPXT, SPXV
    | Mon, Jun. 27, 7:04 AM
  • Fri, Jun. 24, 5:33 PM
    • Moody's maintains its Aa1 rating on the U.K.'s sovereign debt but cuts its outlook to negative from stable, saying the country's vote to leave the European Union will usher in a period of uncertainty with negative implications for medium-term growth.
    • The ratings agency affirms the EU's AAA rating and stable outlook, saying the U.K.'s move should not alter the capacity or the willingness of the highly rated members to continue to honor their obligations to support the EU.
    • ETFs: VGK, HEDJ, FEZ, IEV, EWU, EPV, EZU, FEU, EURL, DBEU, EEA, FEP, HEZU, UPV, IEUR, FEEU, ADRU, FKU
    | Fri, Jun. 24, 5:33 PM | 6 Comments
  • Fri, Jun. 24, 9:04 AM
    • Crashing European markets have brought the FTSE 100 (NYSEARCA:EWU) all the way back to levels not seen since ... Monday. The Stoxx 50 (NYSEARCA:FEZ), on the other hand, has tumbled to its weakest since the mid-February bottom.
    • "The U.K. will will soon be on the way to fixing its problems," writes Matthew Lynn. "For the rest of Europe, they are only just starting."
    • The reality for the U.K., says Lynn, is that it will work out some form of trading agreement with the EU and chug on mostly as before. Yes, some companies will relocate to spots with easier access to Europe, but other smaller ones will be attracted to the lower regulation of the U.K.
    • "It is very hard to be the first person to leave a party. It is a lot easier to be the second," says Lynn, explaining why the situation on the other side of the Channel is dicier. If the U.K. - which had relatively little reason to leave the EU - decided to exit, what does that mean for really struggling economies like Spain, Italy, and France?
    • ETFs: FXE, VGK, EUO, HEDJ, FEZ, ERO, IEV, EPV, EZU, DRR, FEU, EURL, DBEU, ULE, EEA, EUFX, FEP, HEZU, UPV, IEUR, URR, FEEU, ADRU, FIEU, DBEZ, FEUZ, SBEU, HFEZ, HFXE, RFEU, PTEU, GSEU, DEZU, HGEU, FIEE
    | Fri, Jun. 24, 9:04 AM | 142 Comments
  • Fri, Jun. 24, 7:32 AM
    | Fri, Jun. 24, 7:32 AM | 32 Comments
  • Thu, Jun. 23, 7:23 AM
    | Thu, Jun. 23, 7:23 AM | 9 Comments
  • Wed, Jun. 22, 4:26 PM
    | Wed, Jun. 22, 4:26 PM | 1 Comment
FEZ Description
The SPDR® EURO STOXX 50® ETF, before expenses, seeks to closely match the returns and characteristics of the EURO STOXX 50 Index Fund (ticker: SX5U). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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