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iShares MSCI Germany ETF (EWG)

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  • May 23, 2014, 2:39 AM
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  • May 20, 2014, 2:06 AM
    • German PPI fell 0.1% on month in April after dropping 0.3% in March but came in below consensus for no change.
    • On year, PPI -0.9% vs -0.9% and -0.8%.
    • The drop in prices for industrial products comes as the ECB considers further easing measures to battle low inflation in the eurozone, with even the Bundesbank reportedly open to significant stimulus. (PR)
    • The euro is flat $1.3707.
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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  • May 19, 2014, 7:28 AM
    • The Bundesbank expects Germany's economy to slow in Q2 after unusually mild weather boosted growth in Q1, when GDP expanded 0.8% on quarter and an annualized 3.3%.
    • The bank believes domestic demand will be the main driver of the economy, but it warned about economic risks in some emerging markets and geopolitical uncertainty in Eastern Europe.
    • However, the weaker expansion "should not be interpreted as a slowdown in the underlying economic momentum," the bank said.
    • The euro is +0.1% at $1.3707, while the DAX is -0.8%.
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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  • May 15, 2014, 2:08 AM
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  • May 13, 2014, 5:15 AM
    • The German ZEW survey of investor confidence has slumped to 33.1 in May from 43.2 in April and missed consensus of 41.
    • However, the current situation print rose to 62.1 from 59.5 and exceeded forecasts of 60.5.
    • Sentiment for the eurozone plunged to 55.2 from 61.2 and fell short of forecasts of 63.5.
    • The fall in the outlook for Germany "should be seen against the backdrop of a strong economic development in the first quarter," says ZEW President Clemens Fuest. "Already, there are indications that Germany will not be able to maintain this fast pace of growth," although the underlying trend should stay positive.
    • The euro takes a dive and is -0.1% at $1.3745, while the DAX is +0.5%. (PR)
    • ETFs: EWG, BUND, EWGS, GERJ, DXGE, DBGR, BUNL, FGM, BUNT, GGOV, HEWG
    | 6 Comments
  • May 9, 2014, 2:09 AM
    • Germany's exports fell 1.8% on month in March after dropping 1.3% in February and missed forecasts for a rise of 1%.
    • Imports declined 0.9% vs +0.4% and +0.5%.
    • The trade surplus slipped to €14.8B from €15.8B and missed consensus of €16.6B.
    • The current account surplus increased to €19.5B from €13.8B.
    • The euro gives back earlier gains and is flat at $1.38349, while DAX futures are +0.1%. (PR)
    • ETFs: FXE, EUO, EWG, ERO, DRR, BUND, EWGS, EUFX, ULE, GERJ, DBGR, BUNL, DXGE, URR, FGM, BUNT, GGOV
    | 1 Comment
  • May 8, 2014, 2:12 AM
    • German industrial production fell 0.5% on month in March after rising 0.6% in February and missed consensus for an increase of 0.2%.
    • On year, output +3% vs +4.7% in February.
    • Breakdown: construction -2.2%, intermediate goods -0.9%, consumer goods +0.5%, energy +1.8%.
    • The euro takes a bit of a dive and is now flat at $1.3913, while DAX futures are also little changed. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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  • May 6, 2014, 12:27 PM
    • Germany's growth premium in comparison to Europe is shrinking, impacting 25% of Germany’s equity market revenues, says global equity strategist Andrew Garthwaite, moving to a benchmark weighting in German stocks from overweight.
    • He also notes the country's competitiveness and funding-cost advantages are on decline, and it has three times more export exposure to China than Europe as a whole.
    • German's DAX 30 Index closed -0.7% today.
    • German ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    • France, on the other hand, is moved to overweight as a play on ECB launching QE. "Bond spreads are consistent with outperformance, and France stands to benefit more than Germany from any ECB easing," says Garthwaite.
    • P/E valuations are 5% below average, and 75% of the companies in CAC 40 have restructuring potential, he says.
    • Particularly cheap are the French banks: CRARY, SCGLY, BNPZY. Also looking good: Renault (RNSDF), AXA (AXAHY -1.6%), and Total (TOT -0.4%).
    • The CAC 40 closed -0.8% today.
    • French ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
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  • May 2, 2014, 4:10 AM
    • German manufacturing PMI has increased to 54.1 (flash 54.2) in April from 53.7 in March.
    • Production growth accelerated despite a weaker increase in new orders, employment continued to rise at a very moderate pace, new export growth eased to a six-month low, and input costs fell at the quickest pace in nine months.
    • "The following months will show whether April's weak export reading was only a temporary blip or if the appreciation of the euro is having a noticeable effect on client demand from export markets," says Markit.
    • The Dax is flat. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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  • Apr. 29, 2014, 2:05 AM
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  • Apr. 24, 2014, 4:07 AM
    • The German Ifo institute's business climate index has increased to 111.2 in April from 110.7 in March and beaten consensus of 110.5.
    • The current-situation reading rose to 115.3 from 115.2 and exceeded forecasts of 115.7, while the expectations print climbed to 107.3 from 106.4 and topped estimates of 105.8.
    • The DAX is +0.8% and the euro is +0.15% at $1.3838.
    • CESifo Web site
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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  • Apr. 23, 2014, 3:44 AM
    • German flash manufacturing PMI has increased to 54.2 in April from 53.7 in March and topped consensus of 54.
    • Services has risen to 55 from 53 and vs 53.4.
    • Manufacturing output has climbed to 58.8 from 57.
    • Composite output has grown to to 56.3 from 54.3.
    • "A combination of increased activity, rising new orders and further employment growth across both the manufacturing and service sectors suggest companies will remain in expansion mode during the coming months," says Markit. The data indicates that "the economy is set to build on the foundation of last quarter's solid growth."
    • However, Markit warns that price data points to an "increasing risk of deflationary pressures."
    • The DAX is flat after being lower earlier, while the euro has recovered from prior losses, particularly after French PMI data, and is +0.05% at $1.3814. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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  • Apr. 22, 2014, 3:39 AM
    • Recent data suggests that Germany's economy enjoyed a "very strong" Q1, the Finance Ministry says, with an unusually mild winter helping to drive industrial expansion and construction activity.
    • As a result, the economy is likely to moderate in Q2, the ministry says, although "this technical effect should not be interpreted as a sign that the economic pace is slowing."
    • The ministry expects that GDP will grow 1.8% this year and that the upturn will become increasingly broad-based.
    • The DAX is +1.1%.
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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  • Apr. 11, 2014, 2:41 AM
    • German inflation has slipped to its lowest level since August 2010, falling to 1% on year in March from 1.2% in February.
    • On month, CPI rose 0.3% vs +0.5%.
    • HICP +0.3% on month vs +0.5% previously. On year, HICP +0.9% vs +1%.
    • All the figures were in line with consensus.
    • The decline in inflation was again mainly due to a drop in prices for mineral oil products. Excluding heating and motor fuels, inflation was 1.3% on year.
    • DAX futures are +0.2, while the euro is flat at $1.3891. (PR)
    • ETFs: EWG, BUND, EWGS, GERJ, DBGR, DXGE, BUNL, FGM, GGOV, BUNT, HEWG
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  • Apr. 9, 2014, 2:09 AM
    • Germany's exports fell 1.3% on month in February after rising 2.2% in January and missed consensus of -0.5%.
    • Import growth slowed to 0.4% from 4.1% but was greater than expectations of +0.1%.
    • The trade surplus surprisingly dropped to €15.7B from €17.3B and came in below forecasts of €17.8B.
    • The current account surplus declined to €13.9B from €15.2B.
    • DAX futures are +0.1%, while the euro is flat at $1.3794. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
    | Comment!
  • Apr. 7, 2014, 3:21 AM
    • German industrial output rose 0.4% on month in February, slowing from +0.7% in January but beating consensus of +0.3%.
    • On year, production growth decelerated slightly to 4.8% from 4.9% but also topped forecasts of 4.7%.
    • The figures follow data that showed a monthly acceleration in factory orders.
    • The DAX is -1.3%. (PR)
    • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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EWG Description
The iShares MSCI Germany Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German market, as measured by the MSCI Germany Index.
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Country: Germany
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