SPDR EURO STOXX 50 ETF (FEZ) - NYSEARCA
  • Jul. 12, 2015, 9:57 PM
    | Jul. 12, 2015, 9:57 PM | 36 Comments
  • Jul. 7, 2015, 10:42 AM
    • Greek government officials arrived at today's meeting of European finance ministers without a new proposal, according to the FT, shocking the group and angering some in the room.
    • One Eurogroup source says Greece instead will present its latest gambit tomorrow directly to the Troika. Another source says the Greek officials presented an outline of a plan to the Eurogroup, but written materials were still being worked on. A Greek official says his government presented the same plan from last week that's already been rejected.
    • In any case, the eurocrats don't seem pleased. Europe has taken a new leg down, led by France's (NYSEARCA:EWQ1.5% decline. Germany (NYSEARCA:EWG) is off 1.4%, Italy (NYSEARCA:EWI) and Spain (NYSEARCA:EWP1.3%. The Stoxx 50 (FEZ -2.4%). Greece ETF (GREK -4.6%), National Bank of Greece (NBG -7.8%).
    • The euro (NYSEARCA:FXE) is lower by 1% to $1.0942.
    • Previously: Europe can't hold gains (July 7)
    | Jul. 7, 2015, 10:42 AM | 125 Comments
  • Jul. 7, 2015, 8:18 AM
    | Jul. 7, 2015, 8:18 AM | 7 Comments
  • Jun. 30, 2015, 10:54 AM
    • Up nearly 1% earlier, the Stoxx 50 (NYSEARCA:FEZ) has turned lower by 0.6% less than an hour before the close.
    • The Stoxx 50 shed 4.25% yesterday, led by Italy's 5%+ decline.
    • The Eurogroup has set 1ET as a time for a conference call, at which Greece's latest proposal will be discussed.
    • Not too badly dinged yesterday, the U.K.'s (NYSEARCA:EWU) 1% loss is leading on the way down today. Germany (NYSEARCA:EWG) -0.6%, France (NYSEARCA:EWQ) -0.8%, Itay (NYSEARCA:EWI-0.1%, Spain (NYSEARCA:EWP) -0.2%.
    • Athens remains closed for business, but the Greek ETF (GREK +5.1%) and National Bank of Greece (NBG +9.4%) are up sharply.
    • ETFs: VGK, FEZ, HEDJ, IEV, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HFEZ
    | Jun. 30, 2015, 10:54 AM | 16 Comments
  • Jun. 29, 2015, 7:45 AM
    • The Stoxx 50 (NYSEARCA:FEZ) is near session lows, down 3.7% after Greece over the weekend shut the banks and the stock market, and imposed capital controls.
    • A referendum next Sunday is likely to determine the country's fate, with a "yes" vote meaning the fall of the current government, allowing a new government to cut a deal with the country's creditors. A "no" vote likely means Grexit.
    • Italy (NYSEARCA:EWI) is off 4.1%, Spain (NYSEARCA:EWP3.9%, France (NYSEARCA:EWQ3.6%, Germany (NYSEARCA:EWG) 3.3%, U.K. (NYSEARCA:EWU1.8%.
    • Previously: Rates plunge on Greece gets ready to default (June 29)
    • ETFs: VGK, FEZ, HEDJ, IEV, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HFEZ
    | Jun. 29, 2015, 7:45 AM | 3 Comments
  • Jun. 25, 2015, 11:09 AM
    | Jun. 25, 2015, 11:09 AM | 1 Comment
  • Jun. 25, 2015, 11:01 AM
    | Jun. 25, 2015, 11:01 AM | 1 Comment
  • Jun. 22, 2015, 7:38 AM
    • While no deal has been reached, the Greek government's latest proposal makes major concessions on cutting deficits in the country's pension system - a long-standing demand of Greece's creditors.
    • According to the Greeks, the pension savings should amount to 0.4% of GDP this year and 1% starting in 2016 - pretty close to the target demanded by the IMF, ECB, and EU governments. Pencil pushers in Brussels will spend the next few days going through the numbers ahead of an emergency summit late this week.
    • Peripheral bond yields are headed south, while Germany's 10-year Bund yield is up ten basis points to 0.86%.
    • The Stoxx 50 (NYSEARCA:FEZ+2.6%, with Germany (NYSEARCA:EWGup 2.7%, France (NYSEARCA:EWQ+2.6%, Spain (EWQ+2.5%, Italy (NYSEARCA:EWI+1.7%, the U.K. (NYSEARCA:EWU+1%. Greece is higher by 5.7%.
    • GREK +2.7%, NBG +7.6% premarket
    • ETFs: VGK, FEZ, HEDJ, IEV, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU, HFEZEU, BUNL, BUNT, GGOV
    | Jun. 22, 2015, 7:38 AM | 14 Comments
  • Jun. 19, 2015, 3:59 PM
    • SPDR Euro STOXX 50 ETF (NYSEARCA:FEZ) announces quarterly distribution of $0.783.
    • 30-Day Sec yield of 2.26% (as of 06/17/2015).
    • Payable July 1; for shareholders of record June 23; ex-div June 19.
    | Jun. 19, 2015, 3:59 PM
  • Jun. 19, 2015, 9:48 AM
    • The ECB today boosted the amount Greek banks can borrow under the emergency liquidity assistance funding program (ELA) by about €1B, but that's just one-third of what depositors pulled from the lenders this week.
    • Up well over 1% earlier in the session, European stocks (NYSEARCA:FEZ) have cut those gains significantly and Germany (NYSEARCA:EWG) has moved into the red.
    • Athens is higher by 2.3%, but from very beaten-up levels. GREK +2.7%, NBG +0.9%
    • Also higher earlier in the session, the 10-year U.S. Treasury yield is now off six basis points to 2.29%. TLT +0.9%, TBT -1.8%
    | Jun. 19, 2015, 9:48 AM | 9 Comments
  • Jun. 15, 2015, 9:27 AM
    | Jun. 15, 2015, 9:27 AM
  • Jun. 12, 2015, 9:57 AM
    • The bond rout of the past few weeks has been notable for its correlation. The bond markets of putative solid credits like Germany and the U.S. were hit as hard or even harder than those of countries like Spain and Italy.
    • Potentially worrisome in today's action: Yields are flat to lower in Germany and the U.S. while moving sharply higher in the peripheral countries.
    • The 10-year U.S. Treasury yield is down 1 bp to 2.37% and the 10-year German Bund yield is lower by 3 bps to 0.86%. Meanwhile, the Spanish 10-year yield is up 18 bps to 2.31%, and Italy up 12 bps to 2.26%.
    • This is happening as another Greek default and then possible EU exit got more likely with the IMF technical team's return to D.C. yesterday, and investors may not want to be holding the paper of the next countries in line should anything adverse happen over the weekend.
    • Spain's IBEX 35 (NYSEARCA:EWP) is lower by 1.3%, and Italy's FTSE MIB (NYSEARCA:EWIby 1.5%. Elsewhere in Europe, Germany (NYSEARCA:EWG) is down 1.5% and France (NYSEARCA:EWQ) is down 1.7%. FEZ -2.2%, GREK -4.1%, NBG -7%
    • ETFs: VGK, FEZ, HEDJ, IEV, EU, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, BUNL, ADRU, HEZU, FEEU, IEUR, BUNT, GGOV, FIEU, DBEZ, FEUZ, SBEU
    | Jun. 12, 2015, 9:57 AM
  • Jun. 10, 2015, 3:18 PM
    • The SPDR Euro Stoxx 50 Currency Hedged ETF (Pending:HFEZ) is the cousin to State Street's (NYSE:STT) $5B SPDR Euro Stoxx ETF (NYSEARCA:FEZ).
    • For now, including a fee waiver, State Street's offering has an expense ratio of 0.32% (slated to rise to 0.61% in 18 months) versus WisdomTree's (NASDAQ:WETF) industry leader, the WisdomTree Europe Hedged Equity Fund (NYSEARCA:HEDJ) at 0.58%, the iShares Currency Hedged MSCI EMU ETF (NYSEARCA:HEZU) at 0.51%, and Deutsche's X-trackers MSCI Europe Hedged Equity ETF (NYSEARCA:DBEU) at 0.45%.
    • Source: Barron's
    | Jun. 10, 2015, 3:18 PM
  • Jun. 9, 2015, 10:57 AM
    • A "close your eyes and buy moment" is approaching for recently-battered Europe, says BAML's London-based macro and events group, which would like to see four issues resolved over the coming two weeks before jumping in:
    • 1) U.S. data has started to improve, making Thursday's retail sales number an especially important one for the direction of interest rates; 2) Bond volatility could be set to decline, especially given the light issuance schedule in July; 3) A last-minute agreement on Greece is BAML's base case; 4) Retail outflows and heavy supply volumes could lead to a final capitulation leg down in U.S. and global stocks.
    • What to buy? Financial stocks continue to be a favorite for the team, with goings-on in Greece preventing the long-only community from accumulating the banks. The MSCI Europe Financial ETF (NASDAQ:EUFN) is up 7.1% YTD.
    • Source: Barron's
    • ETFs: VGK, FEZ, HEDJ, IEV, EPV, EZU, FEU, EEA, EURL, FEP, UPV, DBEU, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU
    | Jun. 9, 2015, 10:57 AM | 2 Comments
  • Jun. 3, 2015, 9:04 AM
    • Apparently they've got whisper numbers at the ECB as Mario Draghi says Europe's economic recovery is on track with the bank's projections, but that the bank was hoping for something stronger than its forecasts.
    • Webcast
    • As for the recent strong read on core CPI, Draghi says the ECB is more concerned with trends and will look through near-term fluctuations. The bank did hike its 2015 inflation forecast to 0.3% from flat, but 2016 is unchanged at 1.5% and 2017 is unchanged at 1.8%.
    • The GDP growth outlook for 2015 and 2016 is unchanged at 1.5% and 1.9%, respectively, while 2017 is trimmed to 2% from 2.1% (there's that economist sense of humor).
    • The euro (NYSEARCA:FXE) is active, but currently lower by just 0.2% to $1.1135.
    • European stocks (NYSEARCA:FEZ) have added to earlier gains, with Germany (NYSEARCA:EWG) and France (NYSEARCA:EWQ) leading the way, both ahead by 1.35%.
    • Previously: ECB leaves policy on hold (June 3)
    • ETFs: FXE, VGK, EUO, FEZ, HEDJ, ERO, IEV, EPV, EZU, DRR, FEU, EEA, EUFX, EURL, ULE, FEP, UPV, DBEU, URR, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU
    | Jun. 3, 2015, 9:04 AM | 4 Comments
  • May 27, 2015, 10:35 AM
    | May 27, 2015, 10:35 AM | 12 Comments
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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