There are no Focus articles on FGM.
There are no Transcripts on FGM.
There are no News articles on FGM.
Thu, Jun. 5, 7:55 AM
- The Stoxx 50 (FEZ) is up 0.8% after being about flat ahead of the ECB rate decision, at which the central bank cut all three of its benchmark rates, including taking the deposit facility rate into negative territory.
- Italy (EWI) with a 1.3% gain and France (EWQ) ahead 1% lead the way.
- The euro (FXE) tumbles about 40 pips, now off 0.3% on the session and buying $1.3563.
- Europe equity ETFs: RSX, VGK, EWG, FEZ, GREK, EWP, EWI, DFE, RUSL, IEV, RSXJ, EWL, ERUS, EWU, RUSS, EPV, EZU, EWD, HEDJ, NORW, EWQ, EPOL, EIRL, PLND, EWO, RBL, GXF, EWN, FEU, EWK, FDD, EWGS, FEP, EDEN, UPV, EWUS, DBGR, PGAL, ADRU, ENOR, GERJ, DXGE, FEEU, FGM, EURL, FKU, EFNL, EUDG, DXPS, FSZ, EURZ, FIEU, RUDR, DBEU, HEWG, DBUK
- Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
- ECB chief Mario Draghi's press conference begins at 8:30 ET.
Mon, Mar. 24, 4:42 AM
- German flash manufacturing PMI has dropped to 53.8 in March from 54.8 in February and missed consensus of 54.7.
- Services fell to 54 from 55.9 and vs 55.8.
- Manufacturing output declined to 57 from 57.4.
- Composite output dropped to 55 from 56.4.
- Staffing rose for a fifth straight month, although "the increase was largely driven by hiring efforts at service providers," says Markit, "while manufacturing firms only reported a fractional rise in workforce numbers."
- Still, the data points to GDP growth of up to 0.7% in Q1, Markit says.
- The euro comes back down after jumping a bit following the French PMI and is flat at $1.3795. The DAX is -0.45%. (PR)
- ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, BUND, FEP, EUFX, UPV, ULE, DBGR, DXGE, BUNL, ADRU, URR, FEEU, FGM, GGOV, EURL, BUNT, EURZ, DBEU, FIEU, HEWG
Mon, Mar. 3, 4:00 AM
- German manufacturing PMI dropped to 54.8 (flash 54.7) in February from 56.5 in January.
- "With companies reporting strong expansions in new orders and export sales, the (manufacturing) sector looks set for further growth in the near future," says Markit. "Encouragingly, companies continued to take on additional staff, which signals confidence about future workloads."
- The euro is -0.2% vs the dollar, while the DAX is -1.9%, hurt by the developments between Ukraine and Russia. (PR)
- ETFs: EWG, BUND, EWGS, DBGR, GERJ, BUNL, DXGE, FGM, GGOV, BUNT, HEWG
Nov. 21, 2013, 3:42 AM
- German flash manufacturing PMI has climbed to a 29-month high of 52.5 in November from 41.7 in October and topped consensus of 52.
- Services jumped to 54.5 from 52.9 and vs 53.
- Manufacturing output rose to 54 from 53.6.
- Composite output increased to 54.3 from 53.2.
- The data suggests that the German economy "is well on track to achieve growth of close to 0.5%" in 2013, says Markit.
- Strong new business and backlogs indicate that the solid growth momentum will be sustained, with improvements in investment spending and job creation set to follow the upturn in business conditions.
- The DAX is -0.8%, while the euro recovers its post French PMI losses and is -0.1%. (PR)
- ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, EPV, IEV, EZU, DFE, DRR, HEDJ, GXF, GUR, BUND, FEU, EUFX, FDD, ESR, UPV, ULE, FEP, BUNL, URR, GERJ, ADRU, FEEU, DBGR, BUNT, FGM, GGOV, DXGE, DBEU, FIEU
Nov. 6, 2013, 7:00 AM
- German factory orders surged 3.3% on month in September, rebounding from a fall of 0.3% in August and slaying expectations for growth of 0.5%.
- On year, orders jumped 7.9% after climbing 3.1% a month earlier.
- Foreign bookings rose 6.8% in September, with eurozone demand climbing 9.7%, although domestic orders fell 1%. Still, foreign demand remains rather weak, Germany's Economy Ministry says. "The data confirm the picture of an increasingly domestically driven economic recovery."
- The data adds to PMI readings that show continued growth in overall German business activity.
- The euro spikes and is +0.2% vs the dollar, while the Dax is +0.4%.
- ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
Sep. 2, 2013, 4:26 AM
- German flash manufacturing PMI rises to 51.8 in August (flash 52) from 50.7 in July.
- "Improvements in domestic sales and a rebound in export demand...(combined) to generate the fastest expansion of output volumes since the middle of 2011," says Markit. "The "accumulation of unfinished work for the first time in five months...should stimulate job creation and investment spending."
- Expects manufacturing output to make a "positive contribution to German GDP" in Q3.
- DAX +1.5%, euro flat. (PR)
- ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
Aug. 14, 2013, 2:09 AM
- German Q2 GDP +0.7% on quarter vs flat in Q1 and consensus of +0.6%.
- On year, NSA GDP +0.9% vs -1.6% and +0.3%; WDA GDP +0.5% on year vs -0.3% in Q1.
- Having spiked following French GDP, the euro receives another boost and is now +0.1%.
- German ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR; Bonds - BUNL, BUNT, BUND, GGOV.
- Eurozone ETFs - Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX. Equities: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU
Apr. 23, 2013, 5:35 AM
Mar. 21, 2013, 4:41 AMFlash German manufacturing PMI unexpectedly drops to 48.9 from 50.3 in February; manufacturing output 49.8 vs 50.7; services 51.6 vs 54.7, composite output 51 vs 53.3. The loss of output growth momentum was the greatest since the middle of 2011, says Market, while the survey doesn't take into account the impact of the Cyprus flair-up. The Dax and euro dive, and are -0.7% and -0.3% (vs the dollar) respectively. (PR) | Comment!
Feb. 22, 2013, 4:07 AMGerman IFO business climate rises to 107.4 in February from 104.3 in January and vs consensus of 105. Current assessment 110.2 vs 108.1 and 108.5. Expectations 104.6 vs 100.6 and 101.3. The euro jumps vs the dollar and is now +0.3% at $1.3234. | Comment!
Jun. 29, 2012, 3:15 AM
May. 14, 2012, 3:37 AM
FGM vs. ETF Alternatives
The First Trust Germany AlphaDEX® Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Defined Germany Index.
See more details on sponsor's website
See more details on sponsor's website
Other News & PR