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Recon Capital DAX Germany ETF (DAX)

- NASDAQ
  • Today, 4:27 AM
    • German factory orders fell more than expected in July, indicating that growth in the eurozone's economic engine may still be bumpy.
    • Orders, adjusted for seasonal swings and inflation, dropped 1.4% vs. forecasts for a fall of just 0.6%. Moreover, the 2% climb in June was revised down to 1.8%.
    • The report comes after the ECB lowered its growth forecasts for the eurozone on Thursday, with President Mario Draghi citing a slowdown in emerging-market economies.
    • ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, FGM, QDEU
    | Today, 4:27 AM | 3 Comments
  • Tue, Sep. 1, 5:13 AM
    • Eurozone manufacturing growth eased last month, despite factories barely raising prices, adding to the ECB's woes as it battles to spur expansion and inflation.
    • Markit's final manufacturing Purchasing Managers' Index came in at 52.3 in August, below an earlier flash reading that suggested it had held steady at 52.4.
    • The figure, however, has been above the 50 mark that separates growth from contraction for over two years.
    • The U.S. PMI Manufacturing Index will be published at 9:45 a.m. ET.
    • CAC 40 -2.5%; DAX -2.7%; Euro Stoxx 50 -2.6%
    • ETFs: EWG, EWI, GF, EWQ, DAX, CEE, TRF, DXGE, HEWG, DBGR, GUR, ESR, FGM, QDEU, HEWI
    | Tue, Sep. 1, 5:13 AM | 2 Comments
  • Wed, Aug. 26, 7:18 AM
    | Wed, Aug. 26, 7:18 AM | 2 Comments
  • Mon, Aug. 24, 9:58 AM
    • Germany, for one, is expecting its damage from China's slowdown to be containable, even as the Dax heads for bear market territory amid some panic selling today.
    • "We are following developments in China very closely," says a spokeswoman for the country's Economy Ministry. "The immediate consequences for the German economy should, however, be limited ... Exports to China are important for Germany but only account for 6.6%. The export dynamic is currently coming from the EU, from the EU-28 countries."
    • The Dax index does have exposure to China and would be the first of Western Europe's markets to hit bear-market territory if it closes where it's at now: currently -6.6%, down 672 points to 9,453. It's off 24% from its peak.
    • ETFs: EWG -2.5%, GF -8.2%, DAX -6.8%, DXGE -6%, HEWG -15.7%, DBGR -5.3%, EWGS -2.5%, BUNT -2.6%, GGOV -1.3%, FGM -3.8%, QDEU -3.7%.
    | Mon, Aug. 24, 9:58 AM | 1 Comment
  • Fri, Aug. 7, 4:05 AM
    • European shares are heading lower after an unexpected decrease in German industrial production, highlighting risks and raising questions about the strength of recovery in Europe's largest economy.
    • Coming in way below analyst expectations, output slumped by 1.4% in June, after rising a revised 0.2% in May. Exports fell 1%, while imports dropped 0.5%.
    • FTSE 100 -0.1%; DAX -0.5%; CAC 40 -0.4%; Euro Stoxx 50 -0.5%.
    • ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, FGM, QDEU
    | Fri, Aug. 7, 4:05 AM | 4 Comments
  • Thu, Aug. 6, 4:05 AM
    • German industrial orders surged in June, as Europe's powerhouse shrugged off the waves emanating from China's slowdown and Greece's turbulence.
    • Contracts for German goods were up 2% on the month, beating a consensus forecast for a 0.2% gain and overshooting even the highest estimate of a 1.5% increase.
    • German GDP data will be published on Friday.
    • ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, FGM, QDEU
    | Thu, Aug. 6, 4:05 AM | Comment!
  • Wed, Jun. 24, 5:06 AM
    • German business confidence weakened for a second straight month in June, suggesting that Greek concerns are busting the mood in Europe's largest economy.
    • Ifo's business climate index dropped to 107.4 in June from 108.5 in May, coming in below a consensus forecast for a reading of 108.1.
    • While German economic growth is supported by record-low unemployment, uncertainty over the eurozone's future is clouding the outlook.
    • ETFs: EWG, GF, DAX, DXGE, HEWG, DBGR, EWGS, FGM, QDEU
    | Wed, Jun. 24, 5:06 AM | Comment!
  • Wed, May 13, 3:08 AM
    • Germany's economy slowed more than forecast in the first quarter as sluggish foreign trade and domestic demand weighed on Europe's largest economy.
    • After expanding 0.7% in the previous three months.German GDP rose 0.3% at the start of the year, missing forecasts for 0.5% growth.
    • France, however, beat expectations in Q1, expanding at the fastest pace in nearly two years due to higher consumer spending. The French economy grew 0.6%, beating expectations of 0.4% growth, after stagnating in the October-December period.
    • Germany is still on track to outperform the euro area over the next two years as countries such as France and Italy lag behind on the reforms needed to sustain the recovery, while Greece weighs on confidence.
    • Euro +0.3% to $1.1240. DAX +0.3%; CAC 40 +0.6%.
    • ETFs: EWG, EWQ, DAX, DXGE, HEWG, DBGR, EWGS, FGM, QDEU
    | Wed, May 13, 3:08 AM | Comment!
  • Wed, Apr. 29, 11:53 AM
    • The Recon Capital FTSE 100 ETF (NASDAQ:UK) comes to these shores beginning today, joining the Recon DAX Germany ETF (NASDAQ:DAX) which opened on the Nasdaq late last year.
    • Other U.K. ETFs: EWU, EWUS, DXPS, FKU, QGBR, DBUK
    • Also open for business today is Global X's Global X Guru Activist Index ETF (NASDAQ:ACTX), which aims to give holders access to 50 of the top equity holdings of major activist investors.
    | Wed, Apr. 29, 11:53 AM | 1 Comment
  • Thu, Apr. 9, 3:30 AM
    • German exports recovered smartly in February, growing 1.5% on month after falling 2.1% in January and beating consensus of +1%.
    • Imports increased 1.8% following a decline of 0.2% and topped forecasts of +1.2%.
    • The trade surplus rose to €19.7B from €19.6B but missed predictions of €20.0B, while the current-account surplus climbed to €16.6B from €15.9B. (PR)
    • Meanwhile, industrial production increased a seasonally adjusted 0.2% on month, as expected, after slipping 0.4%. On year, output dropped a non-seasonally adjusted 0.3% vs +0.9% previously.
    • The figures come after data yesterday showed that factory output weakened in February, although PMI readings in March were strong.
    • "We expect Germany's industrial sector to continue to grow robustly in the coming months," says ABN Amro economist Aline Schuiling. "It is supported by the weak euro, historically low interest rates and strong domestic fundamentals."
    • The DAX is +0.5%, while the euro is -0.3% at $1.0746. (PR)
    • ETFs: EWG, EWGS, BUNL, DBGR, DAX, DXGE, GGOV, FGM, BUNT, QDEU, HEWG
    | Thu, Apr. 9, 3:30 AM | Comment!
  • Wed, Apr. 8, 4:31 AM
    • German factory orders dropped 0.9% on month in February, which badly missed consensus of +1.5% but did represent an improvement over a 2.6% slump in January.
    • On year, orders -1.3% vs -0.3% a month earlier.
    • However, the reading is known for its volatility and contrasts with other reports, such as strong manufacturing PMI, that indicate strength in the economy.
    • "There is absolutely no need to be worried," says UniCredit economist Andreas Rees. "The upward trend in business sentiment is intact, thereby heralding better hard economic data in the next few months."
    • Notwithstanding Rees' bullishness, the DAX is -0.1%, while the euro is +0.4% at $1.0855.
    • ETFs: EWG, EWGS, BUNL, DBGR, DAX, DXGE, GGOV, FGM, BUNT, QDEU, HEWG
    | Wed, Apr. 8, 4:31 AM | 1 Comment
  • Tue, Apr. 7, 4:19 AM
    • The eurozone services PMI rose to 54.2 (flash 54.3) in March from 53.7 in February.
    • Composite PMI increased to an 11-month high of 54 (flash 54.1) from 53.3. (PR)
    • German services PMI grew to 55.4 from 54.7; composite PMI 55.4 vs 53.8. (PR)
    • French services PMI slowed to 52.4 from 53.4 and composite PMI to 51.5 from 52.2. (PR)
    • "Ireland and Spain continued to lead the charge, backed up by a fast-improving German economy," says Markit, but "rates of expansion in Italy and France were modest in comparison."
    • While "the PMIs are indicating somewhat sluggish GDP growth of 0.3% for the first quarter," says Markit, "the pace of expansion looks set to gather pace in coming months."
    • However, "an ongoing recovery is no one-way bet," Markit warns, "with the Greek crisis remaining a critical threat to stability in the region."
    • The euro takes a dive and is -0.1% at $1.0906.
    • ETFs: VGK, EWG, FEZ, GREK, EWP, EWI, IEV, HEDJ, EU, EPV, EUFN, EZU, EWQ, EIRL, FEU, EWN, GUR, FEP, EWGS, ESR, UPV, EURL, DBGR, DAX, ADRU, FEEU, DXGE, FGM, DBEU, QDEU, IEUR, FIEU, HEWG, QESP, HEZU, ESTX, DBEZ, SBEU, FEUZ
    | Tue, Apr. 7, 4:19 AM | 3 Comments
  • Fri, Mar. 20, 8:30 AM
    | Fri, Mar. 20, 8:30 AM | 5 Comments
  • Mon, Mar. 16, 6:50 AM
    • European stock markets are on the rise, with the ECB's quantitative easing process offsetting wider worries about Greek debt talks and hawkish monetary policy in the US.
    • The mood boosted Germany's DAX Index over 12,000 for the first time, up 1.3% on the day.
    • "It’s a very favorable environment," said Hendrik Koenig, an equity strategist at B. Metzler Seel Sohn in Frankfurt. "All the big macro themes right now -- QE, the weak euro, central bank divergence, a stronger consumption trend in Germany -- are playing for German stocks."
    • FTSE 100 +0.5%; CAC 40 +0.9%; Euro Stoxx 50 +1%.
    • ETFs: EWG, EWGS, DBGR, DAX, DXGE, FGM, QDEU, HEWG
    | Mon, Mar. 16, 6:50 AM | 3 Comments
  • Mon, Mar. 9, 5:10 AM
    • European shares are in the red, tracking a sell-off on Wall Street after strong U.S. jobs data raised expectations that the Fed could raise interest rates sooner than previously thought.
    • German export data released this morning also weighed on sentiment, after seasonally-adjusted exports decreased by 2.1% in January - the biggest drop in five months.
    • Meanwhile, the ECB begins its €60B per month QE program today, as it looks to stimulate the eurozone economy and avert the threat of deflation.
    • FTSE 100 -0.6%; DAX -0.4%; CAC 40 -0.6%; Euro Stoxx 50 -0.5%.
    • Earlier: Asian shares lower following U.S. jobs report (Mar. 09 2015)
    • ETFs: EWG, EWGS, DBGR, DAX, DXGE, FGM, QDEU, HEWG
    | Mon, Mar. 9, 5:10 AM | 2 Comments
  • Fri, Mar. 6, 4:46 AM
    • German industrial production increased 0.6% in January to top the 0.5% rise expected by analysts.
    • A mild winter in the nation helped give a lift to the construction industry. The reading for December was adjusted to 1.0% from 0.1%.
    • Output of capital goods was up by 0.5%.
    • Economists say the overall outlook for German industry is looking more positive.
    • ETFs: EWG, EWGS, BUNL, DBGR, DAX, DXGE, GGOV, FGM, BUNT, QDEU, HEWG
    | Fri, Mar. 6, 4:46 AM | 1 Comment
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DAX Description
The Recon Capital DAX Germany ETF (“Fund”) seeks to provide investment results that will closely correspond, before fees and expenses, to the price and yield performance of the DAX® Index.
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