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iShares MSCI Italy Capped ETF (EWI)

- NYSEARCA
  • Wed, Apr. 29, 1:59 PM
    | 14 Comments
  • Fri, Apr. 17, 7:36 AM
    • All the headlines say it's worry over Greece, but Europe was doing just fine in morning action until news hit about a big expansion in short-selling in China (after markets in China had closed for the session). Chinese futures have subsequently tumbled, and any China ETFs trading in the premarket are sharply lower despite gains in Shanghai overnight.
    • Germany (NYSEARCA:EWG-1.7%, France (NYSEARCA:EWQ) -1.2%, Italy (NYSEARCA:EWI-1.8%, Spain (NYSEARCA:EWP-1.8%, U.K. (NYSEARCA:EWU-0.75%. Stocks in Athens (NYSEARCA:GREK) are lower by 0.9%.
    • Previously: China allows big boost in short selling (April 17)
    • ETFs: VGK, FEZ, HEDJ, IEV, EPV, EZU, FEU, EURL, FEP, UPV, DBEU, ADRU, HEZU, FEEU, IEUR, FIEU, DBEZ, FEUZ, SBEU
    | 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
    | 3 Comments
  • Fri, Mar. 20, 8:30 AM
    | 5 Comments
  • Thu, Mar. 12, 10:25 AM
    • What could go wrong? With the ECB's QE program getting underway, the yield on Spain's 10-year note fell all the way to 0.98% earlier in the session, though it's since bounced to 1.04%, down four basis points on the day.
    • It was less than three years ago when the 10-year yield was well north of 7%, but the concern now - with the ECB buying €60B per month in European paper -is that there isn't enough debt out there to purchase.
    • Earlier today, the ECB said it's bought about €10B worth of paper in QE's first three days.
    • Italian 10-year yields haven't yet dipped below 1%, but they're also at a record low of 1.03%.
    • EWP +0.6%, EWI +0.6%
    | Comment!
  • Thu, Mar. 5, 8:56 AM
    • As expected, the ECB lifts its EU GDP growth forecasts for 2015 and 2016 to 1.3% and 1,9%, respectively, but expects inflation to remain negative in the months ahead.
    • The €60B per month QE program of sovereign bond purchases is set to begin on Monday. It's expected to continue until the end of Sept. 2016, or until the central bank sees a sustained upward adjustment in the path of inflation.
    • Market reaction: The euro (NYSEARCA:FXE) is all over the place, but currently down 0.25%, and the Stoxx 50 (NYSEARCA:FEZ) is at session highs, up 0.9%. Peripheral bond yields are on the way down, with Spain's (NYSEARCA:EWP) 10-year lower by five basis points to 1.32%, and Italy's (NYSEARCA:EWI) also by five to 1.35%.
    • Previously: ECB stays on hold, press conference coming (March 5)
    • Previously: ECB to raise growth forecasts, lower inflation projections (March 5)
    | 2 Comments
  • Thu, Feb. 19, 8:40 AM
    • "The eurozone rescue architecture is more robust than during the last Grexit scare in 2012," says S&P's Moritz Kraemer, noting the introduction of the European Stability Mechanism which could support teetering sovereigns.
    • Banks' gross exposure to Greek  financial institutions is just $77B, according to the BIS, down from more than $250B five years ago, and $126B at the end of 2011.
    • Kraemer also notes the wide spread between the sovereign yields of Greece with those of the rest of the periphery, suggesting investors believe the redenomination risk for the rest of the PIIGS is rather low (and markets never get this sort of thing wrong!).
    • ETFs of interest: EWP, EWI, EIRL, PGAL, QESP
    | 2 Comments
  • Wed, Feb. 4, 4:01 PM
    • Unable to divine the fate of Greece's bailout program, the ECB earlier withdrew a waiver which had allowed the use of Greek government paper as collateral for borrowing despite its low credit rating.
    • Alongside a drop in U.S. stocks, the euro (NYSEARCA:FXE) has given up about 40 pips in minutes, now lower by 0.8% on the session at $1.1386.
    • European markets are closed, but the Stoxx 50 ETF (FEZ -2.1%) - trading in New York - takes a tumble. Others of note: Spain (EWP -2.7%), Italy (EWI -2.6%), France (EWQ -1.8%), Germany (EWG -1.6%), U.K. (EWU -0.9%).
    • Broad European ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 7 Comments
  • Fri, Jan. 30, 5:41 AM
    • Heightening the risk of a slide toward deflation, Eurostat today reported the largest decline in consumer prices in the eurozone since July 2009.
    • Consumer prices were 0.6% lower than in January 2014, having fallen 0.2% on an annual basis in December.
    • The plunge in consumer prices is unlikely to have an immediate effect on the ECB's €60B/month QE package, although the longer prices stay in negative territory, the more pressure the central bank will have to extend the program.
    • FTSE 100 -0.6%; DAX -0.5%; CAC 40 -0.7%; Euro Stoxx 50 -0.5%.
    • ETFs: EWG, GREK, EWI, EWL, EWD, EWQ, EPOL, PLND, EWO, EWN, EWK, EDEN, PGAL, DBGR, DAX, DXGE, EFNL, FGM, FSZ, QDEU, HEWG
    | 5 Comments
  • Mon, Jan. 26, 11:39 AM
    • The Athens Stock Exchange General Index is down 3.2% and the FTSE/Athens Stock Exchange Large Cap Index off 5.6%, after the hard-left Syriza party comes to power in Greece.
    • Trading here, the Greece ETF (GREK -4.6%) and the National Bank of Greece (NBG -8.3%).
    • The rest of Europe, however, continues to enjoy the ECB's QE program, and the Stoxx 50 (NYSEARCA:FEZ) is higher by 0.9%, led by Italy (NYSEARCA:EWI) and Spain (NYSEARCA:EWP) each up 1.15%.
    • The euro (NYSEARCA:FXE) sunk below $1.11 in knee-jerk trade last night, but has reversed to $1.1278, up 0.7% on the session.
    • Meanwhile, European officials - led by Germany's Angela Merkel - move quickly to shoot down any idea of relaxed terms on Greece's bailout. On their mind, no doubt, is the striking success of Syriza yesterday possibly energizing other anti-austerity, left-wing movements elsewhere on the continent. The eurocrats don't want to give the idea that eased bailout conditions await new governments.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    | 11 Comments
  • Thu, Jan. 22, 8:47 AM
    | 14 Comments
  • Fri, Jan. 16, 11:15 AM
    • There's a lot of talk about the carnage resulting from the SNB's move yesterday to drop the euro peg, but - outside of Switzerland - Europe is rallying for a 2nd consecutive session.
    • First, the Swiss move has led to a sharply weaker euro, not just against the franc, but vs. the dollar, pound, and yen. Second, the SNB likely dropped the peg after realizing - whether by friendly phone call from Frankfurt or otherwise - that the ECB is set to launch a massive QE program next week.
    • The Stoxx 50 (NYSEARCA:FEZ) is up another 1.6% today, with Germany's (NYSEARCA:EWG) DAX up 1.5% to an all-time high, France (NYSEARCA:EWQ+0.9%, Italy (NYSEARCA:EWI+1.8%, Spain (NYSEARCA:EWP+0.5%, and the U.K. (NYSEARCA:EWU+1.1%.
    • Parity here we come? The euro (NYSEARCA:FXE) is down another 1% vs. the dollar to just $1.1509.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: Europe liking SNB's cutting the euro loose (Jan. 15)
    | 5 Comments
  • Thu, Jan. 15, 10:32 AM
    • Europe initially knee-jerked lower on the SNB's shock decision to abandon the CHF 1.20 floor for euro/franc, but has since turned sharply higher as investors mull the salutary effects of a much cheaper euro, now down 1.4% vs. the greenback and 12.8% vs. the swissie. FXE -1.4%
    • The Stoxx 50 (NYSEARCA:FEZ+2.3%, Germany (NYSEARCA:EWG+2.2%, France (NYSEARCA:EWQ+2.5%, Italy (NYSEARCA:EWI) +2.8%, Spain (NYSEARCA:EWP+1.5%. The U.K. (NYSEARCA:EWU) - where the pound (NYSEARCA:FXB) is lower by 0.3% vs. the dollar and 11.8% vs. the franc - is ahead by 1.5%.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: Swatch boss: "Tsunami" just hit Swiss exporters (Jan. 15)
    | 1 Comment
  • Tue, Jan. 6, 7:07 AM
    • U.S. stock index futures are all higher by about 0.25% after the major averages fell by more than 1.5% yesterday.
    • After it's near 4% dive yesterday, Europe is enjoying a meek bounce, the Stoxx 50 (NYSEARCA:FEZahead by 0.6%, led by Italy's (NYSEARCA:EWI1.3% gain. There's no joy yet in the U.K. (NYSEARCA:EWU) which is lower by 0.4%.
    • Crude oil took out another milestone overnight, falling below $49 per barrel. It's currently down 1.8% at $49.17.
    • Speaking of milestones, the U.S. 10-year Treasury yield cracked 2% overnight, falling as low as 1.98%. It's currently back at 2.00%, down three basis points on the session.
    • ETFs: SPY, QQQ, DIA, SH, SSO, SDS, VOO, PSQ, IVV, SPXU, UPRO, TQQQ, SPXL, RSP, QID, SQQQ, DOG, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, SPLX, BXUC, SFLA, QQXT, SPUU
    | 5 Comments
  • Mon, Jan. 5, 10:13 AM
    | 7 Comments
  • Fri, Jan. 2, 5:33 AM
    • Eurozone manufacturing PMI remained subdued in December (below a flash estimate of 50.8) at 50.6, but above November's 16-month low of 50.1.
    • "Euro zone factory activity more or less stagnated again in December," says Markit. "The weakness of factory output, combined with the subdued service sector growth signaled by the flash PMI, suggests the eurozone economy grew by just 0.1% percent in the fourth quarter."
    • France and Italy's manufacturing sector continued to shrink in December, although Germany's figure was in line with earlier flash estimates at 51.2, as more new orders helped lead a return to growth.
    • The new data is yet another sign toward Mario Draghi announcing QE at the ECB's next policy meeting.
    • Euro Stoxx 50 index is -0.2%, while the euro is -0.5% at $1.2044.
    • ETFs: FXE, VGK, EUO, FEZ, EWP, EWI, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, UPV, ITLY, ULE, FEP, ADRU, URR, ITLT, FEEU, FIEU, DBEU
    | 1 Comment
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EWI Description
The iShares MSCI Italy Capped Index Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Italy 25/50 Index (the “Underlying Index”).
See more details on sponsor's website
Country: Italy
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