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iShares MSCI Germany ETF (EWG)

- NYSEARCA
  • Nov. 29, 2013, 2:39 AM
    • German retail sales unexpectedly fell 0.8% on month in October after dropping 0.2% in September, with economists expecting growth of 0.5%.
    • On year, sales -0.2% vs +0.3% and consensus of +1.3%.
    • The euro is flat at $1.3611, while DAX futures are also little changed. (PR)
    • ETFs: EWG, BUND, GERJ, BUNL, FGM, BUNT, DBGR, GGOV, DXGE
    | Comment!
  • Nov. 28, 2013, 4:06 AM
    • As expected, the adjusted German unemployment rate held steady at 6.9% in November.
    • The number of unemployed climbed to the highest level since April 2011, increasing by 10,000 to 2.985M vs a rise of 3,000 in October and consensus of +1,000.
    • DAX +0.25%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Nov. 27, 2013, 4:10 AM
    • The German Gfk consumer confidence has increased to 7.4 heading towards December from 7.1 last month and topped consensus that was also 7.1.
    • Economic and income expectations rose sharply, while the willingness to buy reading reached a seven-year high, partly due to the ECB cutting interest rates.
    • The DAX is +0.2%. (PR)
    • ETFs: EWG, BUND, BUNL, GERJ, DBGR, BUNT, FGM, GGOV, DXGE
    | Comment!
  • Nov. 27, 2013, 3:02 AM
    • After two months of negotiations following Germany's general election, the right-of-center grouping of Chancellor Angela Merkel has finally forged a deal with the left-leaning Social Democrats (SPD) to form a "grand coalition" government.
    • Under the agreement, Germany will largely maintain its fiscal conservatism, although the country will also introduce a national minimum wage and strengthen labor-market rules. The new government will increase spending on pensions, education and infrastructure as well.
    • Finance Minister Wolfgang Schaeuble is likely to keep his job.
    • However, the deal now needs the approval of the SPD's 474,000 members, with the results of a vote due on December 14.
    • DAX futures are +0.1%, while the euro is flat at $1.3578.
    • ETFs: EWG, BUND, BUNL, GERJ, DBGR, BUNT, FGM, GGOV, DXGE
    | Comment!
  • Nov. 22, 2013, 4:39 AM
    • The Ifo institute's business climate index increased to its highest since April 2012, rising to 109.3 this month from 107.4 in October and topping consensus of 107.7.
    • The current-situation reading rose to 112.2 from 111.3 and vs forecasts of 111.6, while a measure of expectations climbed to 106.3 from 103.7 and vs 104.
    • The Ifo index "continues its underlying upward trend, which is consistent with a progressive improvement of the economy," says economist Annalisa Piazza. "Prospects for the future remained bright in November." (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, EPV, IEV, EZU, DRR, HEDJ, BUND, EUFX, FEU, UPV, ULE, FEP, BUNL, URR, GERJ, ADRU, FEEU, BUNT, DBGR, GGOV, FGM, DXGE, DBEU, FIEU
    | Comment!
  • Nov. 22, 2013, 4:04 AM
    • Germany has confirmed a preliminary estimate that Q3 GDP grew 0.3% on quarter after rising 0.7% in Q2.
    • Strong domestic demand helped offset weak exports, which only increased 0.1% on quarter. Imports climbed 0.8%.
    • The timing's rather fortuitous, as the European Commission is investigating Germany for its high current account surpluses amid criticism that it's over-reliant on exports.
    • The Dax is +0.2%. (PR)
    • ETFs: EWG, BUND, BUNL, GERJ, BUNT, DBGR, FGM, GGOV, DXGE
    | Comment!
  • 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
    | 4 Comments
  • Nov. 19, 2013, 5:14 AM
    • The German ZEW survey of investor confidence has climbed to its highest in over four years in November, rising to 54.6 from 52.8 in October and topping consensus of 54.
    • However, the current situation print has surprisingly slipped to 28.7 from 29.7 and missed forecasts of 31.
    • Sentiment for the eurozone has risen to 60.2 from 59.1.
    • "Economic expectations for Germany have been hovering at a high level for months," says ZEW President Clemens Fuest. "The slightly improved economic outlook for the eurozone might have contributed to this development."
    • The DAX is -0.4%, while the euro is -0.1% at $1.3498. (PR)
    • ETFs: EWG, BUND, BUNL, GERJ, BUNT, DBGR, FGM, GGOV, DXGE
    | Comment!
  • Nov. 14, 2013, 4:09 AM
    • Germany Q3 GDP (Q/Q): +0.3% versus +0.3% expected and 0.7% previous.
    • France Q3 GDP (Q/Q): -0.1% versus +0.1% expected and +0.5% previous.
    • "We knew the third would be close to flat," France's finance minister Pierre Moscovici says, adding that the country's economy should still record a modest expansion for the year.
    • In Germany, "exports showed little dynamism" during the quarter, the country's statistics office laments. Domestic demand was decent however, with private consumption and public spending both edging higher. For the year, Germany sees GDP growing 0.5%.
    • Germany ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    • France ETFs - EWQ
    | Comment!
  • Nov. 12, 2013, 2:20 AM
    • As expected, German CPI dropped 0.2% on month in October vs flat in September.
    • On year, inflation declined to the lowest rate since August 2010, falling to 1.2% (as expected) from 1.4% previously.
    • Harmonized CPI -0.3% vs unchanged in September and consensus of -0.2%.
    • On year, HCPI +1.2% vs +1.6% and +1.3%
    • A 7% year-on-year fall in the cost of oil products such as heating oil and motor fuels was the main factor in the lower inflation; excluding those prices, inflation in October would have been 1.7%. In contrast, electricity prices surged 11.5%, while food costs rose 4.2%. (PR)
    • Wholesale price index -1% on month vs +0.7% and -0.2%.
    • On year, WPI -2.7% vs -2.2% and -1.95. (PR)
    • EUR-USD -0.1% to $1.3387.
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Nov. 8, 2013, 2:31 AM
    • Germany's trade surplus increased 19% on month to €18.8B in September and exceeded expectations of €15.5B.
    • Exports rose 1.7% vs 1% previously and consensus of +0.5%.
    • Imports -1.9% vs +0.1% and +0.6%.
    • Current account surplus +95% to €19.7B.
    • The euro is -0.1% at $1.3408. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV. Euro: FXE, ERO, ULE, URR, EUO, DRR
    | 1 Comment
  • Nov. 7, 2013, 6:54 AM
    • German industrial production drops 0.9% on month in September after rising 1.6% in August and misses consensus of -0.2%.
    • On year, industrial output +1% vs +0.9% prior.
    • The unexpected fall in monthly production comes after data yesterday showed factory orders surging. As a result, ING economist Carsten Brzeski says the decline in output should be a "one-off rather than the start of a new trend." Brzeski adds that "in the coming months, industry should continue its comeback as the backbone of the German economy."
    • The DAX is flat. The euro took a dive after the data came out but has since recovered and is now flat vs the dollar.
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    | Comment!
  • 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
    | Comment!
  • Nov. 6, 2013, 4:09 AM
    • Germany's services PMI fell to 52.9 (flash 52.3) in October from 53.7 in September but remained well in expansion territory.
    • Composite output was unchanged at 53.2 (flash 52.6).
    • "The latest survey indicates a continued improvement in the German economy at the start of the fourth quarter," says Markit. "However, subdued employment trends during October highlighted a greater degree of caution in terms of job hiring within the German private sector."
    • The DAX is +0.4%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Nov. 4, 2013, 4:18 AM
    • German manufacturing PMI rose to 51.7 (flash 51.5) in October from 51.1 in September
    • Production levels increased for the sixth consecutive month and new order books improved modestly, although employment declined slightly.
    • DAX +0.3%. (PR)
    • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
  • Oct. 25, 2013, 4:09 AM
    • The Ifo institute's business climate index has unexpectedly slipped to 107.4 this month from 107.7 in September and missed consensus of 108.
    • The current-situation reading edged down to 111.3 from 111.4 vs consensus of 111.6, while a measure of expectations fell to 103.6 from 104.2 vs 104.5
    • The euro is +0.1% and the DAX is -0.2%. (PR)
    • German ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
    | Comment!
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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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