SA News • Fri, Dec. 12
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Fri, Dec. 12, 11:32 AM
- The Deutsche X-trackers MSCI EMU Hedged Equity ETF (NYSEARCA:DBEZ) provides investors with exposure to stocks with exposure to the Eurozone, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and euro.
- “We are excited to leverage our unique European market leadership and international expertise as we introduce Deutsche X-trackers MSCI EMU Hedged Equity ETF, our fourth currency hedged ETF for U.S. investors into European equities,” said Fiona Bassett, Head of Deutsche AWM’s Passive Business in the Americas, in a press release on Wednesday
- Other currency hedged European ETFs: HEDJ, DBEU, HEWG, DBGR, HEZU, DXPS, DXGE, DBUK.
Fri, Dec. 5, 3:52 AM
- Bundesbank halved its 2015 growth forecast for Germany today and trimmed its estimate for 2014, though President Jens Weidmann noted that the current sluggish phase will prove to be short-lived.
- The bank is expecting the economy to expand by 1% next year, compared with its June estimate of 2%. It also cut its prediction for 2014 growth to 1.4% from 1.9% in June.
- Despite the growth forecasts, German factory orders were reported to have grown by more than expected in October, climbing 2.5% M/M, following a 1.1% increase in September. Economists had forecast a 0.5% rise.
- DAX is up 1.2% at 9,973.80.
- ETFs: EWG, EWGS, DBGR, DAX, DXGE, GERJ, FGM, QDEU, HEWG
Fri, Nov. 14, 4:31 AM
- France’s economy grew for the first time this year during the third quarter and Germany narrowly avoided sliding back into recession, as the two reported Q3 GDP data today.
- French GDP expanded by 0.3% Q/Q, above forecasts of 0.2%, marking a return to growth for the struggling euro zone nation. GDP in Germany was just 0.1% higher in the three months to September, in line with expectations.
- The sluggish performance could strengthen the hand of Mario Draghi if he decides to expand his controversial €1T asset purchase plan to corporate bonds and sovereign debt.
- DAX -0.1; CAC 40 +0.2%.
- ETFs: EWG, EWQ, EWGS, DBGR, DXGE, GERJ, FGM, DAX, QDEU, HEWG
Mon, Nov. 3, 4:03 AM
- German manufacturing PMI returned to growth territory in October, increasing to 51.4 from September's 15 month low of 49.9.
- Production growth accelerated despite a marginal decline in new orders, the rate of job creation hit a 33-month high, and input costs declined at the sharpest rate since April.
- "The data sends mixed signals about the health of Germany's manufacturing sector and it is too early to say whether the sector will be able to sustain growth in the fourth quarter," says Markit.
- The DAX is -0.1%, while the euro is -0.2% at $1.2498. (PR)
- ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, DAX, HEWG
Mon, Oct. 27, 5:12 AM
- The German Ifo institute's business-climate index has dropped for the sixth month, slipping to 103.2 in October from 104.7 in September and missing consensus of 104.3.
- The current-situation reading declined to 108.4 from 110.5 and undershot forecasts of 110, while the expectations print fell to 98.3 from 99.3 and vs estimates of 98.9.
- The euro shows little reaction and is +0.2% at $1.2697, while the DAX is -0.1%.
- CESifo Web site
- ETFs: FXE, EUO, EWG, ERO, EU, DRR, GUR, ESR, EUFX, EWGS, ULE, DBGR, BUNL, URR, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG, DAX
Wed, Oct. 22, 12:59 PM
- The Recon Capital DAX Germany ETF (DAX-OLD) will track an index of 30 German blue chip companies.
- "The German economy, and equity market, have proved to be comparably robust against its European counterparts and continue to pave the way in Europe," said Garrett Paolella, CEO of Recon Capital in a press release.
- Recon's first issue, the Recon Capital Nasdaq 100 Covered Call ETF (NASDAQ:QYLD), launched in December 2013 and currently has $11.8 million in assets under management.
- Other ETFs covering the German market: EWG, DBGR, DXGE, FGM, QDEU, HEWG
Wed, Oct. 15, 3:05 AM
- German CPI remained flat on month in September, as initially estimated.
- On year, CPI held at +0.8%.
- The low inflation rate was mainly due to decreasing energy prices, the government's Federal Statistical Office says.
- The data adds to CPI figures from across the EU yesterday, which provided further evidence of the danger that deflation poses to the region.
- The DAX is +0.1%, while the euro is flat at $1.2659. (PR)
- ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG
Tue, Oct. 14, 7:51 AM
- The finance ministry sees 2014 economic growth at 1.2% vs. the previous estimate of 1.8%. 2015 GDP growth is cut all the way to 1.3% from 2%.
- The CPI outlook is for 1.1% this year and 1.6% in 2015.
- German 10-year Bund yields are down five basis points to a record-low 0.80%.
- Previously: German investor sentiment turns negative
- ETFs: EWG, EWGS, DBGR, DXGE, GERJ, FGM, QDEU, HEWG
Tue, Oct. 14, 5:21 AM
- The German ZEW survey of investor confidence has unexpectedly dropped into negative territory for the first time in almost two years, tumbling to -3.6 in October from 6.9 in September and missing expectations of 1.
- The current situation print has slumped to 3.2 from 25.4, falling short of consensus of 18.
- Sentiment for the eurozone plunged to 4.1 from 14.2 and missed forecasts of 7.1.
- "Geopolitical tensions and the weak economic development in some parts of the Eurozone, which is falling short of previous expectations, are a source of persistent uncertainty," says ZEW President Professor Clemens Fuest. "These factors are tarnishing growth expectations in Germany. Disappointing figures concerning incoming orders, industrial production, and foreign trade have likely contributed to the growing pessimism among financial market experts." (PR)
- The DAX is -0.5% and the euro is -0.8% at $1.2653.
- European ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EU, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, IEUR, FIEU, ESTX, HEZU
- German ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG
Tue, Oct. 7, 6:42 AM
- Germany industrial production fell more than economists forecast in August, dropping 4% from July, when it expanded 1.6%, the biggest decline since January 2009.
- As sluggish growth plagues the euro zone, Germany faces a slimming export market in addition to political tensions with Russia.
- Output of investment goods -8.8%; intermediate goods -1.9%; consumer-goods production -0.4%; construction -2%. Only energy output rose, climbing 0.3%.
- Der Spiegel magazine reported on Sunday that the IMF would cut its German economic growth in 2014 and 2015 to around 1.5% per year from previous 1.9% and 1.7% estimates.
- DAX is down 0.8%.
- ETFs: EWG, EWGS, DBGR, DXGE, GERJ, FGM, QDEU, HEWG, BUNL, GGOV, BUNT
Sun, Oct. 5, 10:47 AM
- The International Monetary Fund will cut its estimates for German economic growth in 2014 and 2015 to around 1.5% per year due to the crises in Ukraine and the Middle East, Der Spiegel reports. The forecasts are due to be published on Tuesday.
- In July, the IMF estimated Europe's largest economy to expand by 1.9% this year and by 1.7% in 2015. Germany's economy got off on a strong foot in the beginning of year but shrank by 0.2% in Q2.
- Der Spiegel says the IMF will also call on the German government to do more to boost public and private investment to boost growth in the short term and bring benefits for the country in the medium term.
- ETFs: EWG, EWGS, DBGR, BUNL, GERJ, DXGE, FGM, GGOV, BUNT, QDEU, HEWG
Thu, Sep. 4, 8:46 AM
- The ECB cut its growth forecast for the EU for 2014 and 2015, says Mario Draghi at his post-meeting press conference, but raised its outlook for 2016. Inflation is seen at lower-than-expected levels in the coming months before increasing gradually in 2016.
- The central bank, says Draghi, will start to purchase a broad portfolio of euro-denominated covered bonds and also begin to buy ABS, with further details coming in October. It sounds like the Germans are on board: "Should it become necessary, the Governing Council is unanimous in using additional measures."
- The Stoxx 50 is now higher by 1.5% and the euro lower by 1% to $1.3015.
- ETFs: FXE, VGK, EUO, EWG, FEZ, EWP, ERO, IEV, HEDJ, EPV, EZU, EWQ, DRR, FEU, FEP, UPV, EUFX, ULE, DBGR, ADRU, DXGE, FEEU, URR, EURL, FGM, EURZ, DBEU, QDEU, IEUR, FIEU, HEWG, QESP
- Previously: Euro tumbles, stocks gain as ECB cuts rates
Thu, Aug. 14, 6:46 AM
- Euro-Zone GDP failed to grow in the second quarter following 12 months of weak growth, causing European equity markets to fall and increasing pressure on the ECB to do more to boost growth and inflation.
- Data released this morning by the European Union's statistics office translates into 0.2% growth in annualized terms, down from the first quarter's 0.8% pace.
- The euro zone's three largest economies, which account for two-thirds of the region's €9.6T ($12.8T) GDP, all did not post any growth. German GDP shrank 0.2% from the first quarter and Italy's output fell at a similar pace. The French economy, the bloc's second largest behind Germany, stagnated for a second straight quarter.
- The region's next largest economies, Spain and the Netherlands, posted some growth but not enough to offset their larger peers.
- ETFs: FXE, RSX, VGK, EUO, EWG, FEZ, GREK, EWP, EWI, DFE, RUSL, ERO, RSXJ, IEV, ERUS, RUSS, EWL, HEDJ, EU, EWU, EPV, EUFN, EZU, EWD, NORW, EWQ, EPOL, EIRL, PLND, RBL, EWO, DRR, GXF, FEU, EWN, GUR, EWK, EDEN, FDD, EWGS, FEP, ESR, UPV, EUFX, PGAL, ULE, IFEU, DBGR, ENOR, ADRU, EWUS, EUDG, DXGE, FEEU, GERJ, URR, FGM, EFNL, EURL, FKU, FSZ, DXPS, RUDR, EURZ, DBEU, QDEU, IEUR, FIEU, EUMV, HEWG, SMEZ, QESP, DBUK, QGBR
Thu, Jun. 12, 12:04 PM
- Each ETF will track a single developed market and hold firms that have performed well in various market conditions and offer investors value while featuring low volatility.
- SPDR MSCI Australia Quality Mix ETF (QAUS), SPDR MSCI Canada Quality Mix ETF (QCAN), SPDR MSCI Germany Quality Mix ETF (QDEU), SPDR MSCI Japan Quality Mix ETF (QJPN), SPDR MSCI Spain Quality Mix ETF (QESP), and SPDR MSCI United Kingdom Quality Mix ETF (QGBR) all launched this morning when the market opened.
- All of the quality ETFs feature an expense ratio of 0.30%.
- Other ETFs following the selected 6 countries: EWU, FKU, DXPS, DBUK, EWP, DXJ, EWJ, NKY, DBJP, EZJ, EWV, JPNL, ITF, JPP, JPNS, HEWJ, FJP, EWG, DBGR, DXGE, FGM, HEWG, EWC, FCAN, EWA, AUSE, FAUS
Fri, Jun. 6, 5:59 AM
- Bundesbank has raised its growth forecast for Germany today, expecting a growth of 1.9% this year, replacing the December forecast of 1.7%.
- As the euro zone's largest economy, Germany has been looked to as a source of euro zone recovery, especially given the ECB's cut yesterday to the deposit rate below zero.
- The Bundesbank growth forecasts for 2015 and 2016 are unchanged at 2% and 1.8% respectively.
- ETFs: EWG, EWGS, DBGR, DXGE, GERJ, FGM, HEWG,BUND, BUNL, BUNT, GGOV
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.
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The db X-trackers MSCI Germany Hedged Equity Fund (the "Fund") seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Germany US Dollar Hedged Index (the "Index"). The Index is designed to provide exposure to German equity markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and the Euro.
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