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EWD

iShares MSCI Sweden Index ETF

6/19/2013, 11:39 PM ET

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Monday, December 31, 2012, 11:56 AM More details on iShares' ETF fee hikes: Going to 0.53% from 0.51% (a 3.9% hike) are its New Zealand Investable Market Fund (ENZL), Sweden Fund (EWD), Germany Fund (EWG), Italy Fund (EWI), Japan Fund (EWJ) and Japan Small Cap Fund (SCJ). Comment! [Global & FX]
Tuesday, December 18, 2012, 8:29 AM The Riksbank cuts its benchmark rate 25 basis points to 1% as it lowers its forecast for 2013 Swedish GDP growth to 1.2% from 1.8% estimated just 2 months ago. The CPI forecast is cut to 0.3% from 0.7%, and the bank wants it moving back in the direction of its 2% target. EWD +15.6% YTD. Comment! [Global & FX]
Thursday, September 6, 2012, 7:21 AM Sweden's Riksbank unexpectedly cuts rates 25 basis points to 1.25%, citing weakness in the eurozone as lowering its expectations for exports and economic growth. The bank also notes a quick appreciation in the krona and nobody seems to want a strong currency these days. The rate decision wasn't unanimous - one member wanted a 50 bp cut. Comment! [Global & FX]
Wednesday, March 28, 2012, 12:11 PM European shares closed sharply lower, led by Spain, as a decline that started in the States around 3 PM yesterday makes its way around the globe. Stoxx 50 -1.4%, Germany -1.1%, France -1.1%, Italy -0.3%, Spain -2%, U.K. -1%. Euro -0.2% at $1.3290. 1 Comment [Global & FX]
Thursday, February 16, 2012, 10:56 AM Sweden's Riksbank cuts its benchmark rate 25 basis points to 1.5%, citing slow growth and little inflation pressure. "It has been clear for some time that there would be a slowdown, but the slowdown has been more severe than expected," says the bank. Sweden ETF: EWD +12.7% YTD. 1 Comment [Global & FX]
Tuesday, January 24, 2012, 11:30 AM A look at the change in the Italian yield curve over the last 7 weeks shows just how dramatic the ECB bazooka has been, writes Mike Riddell. Just because the bank's liquidity gusher doesn't solve any structural issues, doesn't mean it can be ignored (buy stocks, dummy). Bonds yields in the EU core, however, have a lot of room to go higher if economic/financial conditions settle down. 4 Comments [Global & FX]
Thursday, January 19, 2012, 9:40 AM Defining overbought as being more than 5% above a 50-day moving average, Bespoke says 24% of tracked ETFs fit the bill. Leading the list is the homebuilders (XHB), more than 13% above its 50 day MA; Brazil (EWZ) leads the country ETFs, 8.2% above. A few more days of market gains and look for talk about the entire market being overbought. Comment! [Quick Ideas]
Tuesday, December 20, 2011, 3:37 AM Sweden’s Riksbank cuts its repo rate 25 bps to 1.75%. Eurozone troubles are having a "dampening effect" on the Swedish economy, and a deterioration may force Sweden to further lower its benchmark rate. (statement) Comment! [Global & FX, Breaking News]
Friday, December 9, 2011, 1:39 AM Of the 27 EU nations, 23 have agreed to tighten their fiscal coordination, though leaders remain deeply divided on the details of their crisis strategy. The U.K. will stand aside, while Hungary, Sweden and the Czech Republic have reserved their positions. All 17 eurozone nations are participating. 8 Comments [Global & FX, Top Stories]
Tuesday, November 29, 2011, 5:20 AM Sweden's GDP grew at a zippy 4.6% annualized rate in Q3, besting estimates for 3.4% growth. One of the main drivers was an increase in exports, but given the state of the rest of the world, that GDP figure is likely to soften significantly in coming quarters. 1 Comment [Global & FX]
Monday, November 28, 2011, 11:36 AM Kokusai Asset Management, Japan's largest mutual fund company, says it has unloaded all of its Italian, Spanish, and Belgian bond holdings, lowering the level of euro-denominated paper in its flagship fund to 15.9% from more than 30% two months ago. Hopefully not auguring the next trouble spots, the fund is redirecting assets to the debt of Canada, Australia, Sweden, and Norway. 1 Comment [Global & FX]
Monday, September 26, 2011, 8:24 AM The "unresolvably bad" outlook bringing with it "mouth-wateringly attractive" prices keeps hedge fund giant Crispin Odey wildly bullish on European shares. "The worries have been there for so long, the causes are so obvious... this crisis will bring resolution and with it higher prices." Top pick for U.S. players: Vanguard's MSCI Europe ETF VGK. 5 Comments [Global & FX, Quick Ideas]
Tuesday, September 20, 2011, 3:23 PM The Sweden ETF (EWD +2.4%) is enjoying a nice rally as the government - currently running a surplus - unveils a $4.75B stimulus package and says it expects interest rates to fall over the coming 15 months. The state recently slashed its growth forecast for 2012 from 3.8% to 1.3%, and now says even the revised figure may not get hit. Comment! [Global & FX]
Wednesday, September 7, 2011, 10:15 AM The Riksbank leaves its benchmark rate unchanged at 2%, and lowers expectations for future rate hikes as both domestic and global growth prospects deteriorate. In fact, some analysts are calling for the next move in Sweden to be a rate cut. Swedish shares ETF: EWD +1.7%, Krona ETF: FXS +1.3%. Comment! [Global & FX]
Thursday, August 18, 2011, 11:24 AM "It won't take much for the interbank market to collapse," says the chief economist for Sweden's financial regulator, urging his nation's banks to prepare for further deterioration in the rest of the EU. He notes the banks are relying too much on short term borrowing, particularly in dollars. EWD -7.9%. Comment! [Global & FX]
Tuesday, July 5, 2011, 7:21 AM The Riksbank hikes for the 7th consecutive meeting, bumping the Swedish benchmark rate 25 basis points to 2%. At the same time, the bank lowers its forecasts for growth and inflation, suggesting a pause could be in the works. EWD +2.9%, FXS +6.6% YTD. Comment! [Global & FX]