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iShares MSCI Switzerland Capped ETF (EWL)

  • Thu, Jan. 15, 7:09 AM
    • The Swiss market index is off by 11% after the SNB gives up its fight to cap the strength in the franc by defending the CHF 1.20 floor vs. the euro.
    • Interestingly, the iShares MSCI Switzerland ETF (NYSEARCA:EWL) is up 2.4% premarket as it's priced in dollars and the franc is higher by 16%.
    • There's no premarket action yet in the CurrencyShares Swiss Franc Trust (NYSEARCA:FXF).
  • Dec. 18, 2014, 7:29 AM
    • Attempting to defend its CHF1.20 floor for the euro, the SNB cuts its deposit rate to negative 0.25%, and expands its target range for three-month Swiss libor to -0.75% to 0.25%. Negative rates will be imposed on balance above CHF10M.
    • "The SNB reaffirms its commitment to the minimum exchange rate of CHF 1.20 per euro, and will continue to enforce it with the utmost determination."
    • Against the dollar, the franc (NYSEARCA:FXF) is off 0.65% to its lowest in more than two years, and it's weaker by 0.3% vs. the euro to CHF1.2046.
    • The Swiss stock market (NYSEARCA:EWL) is higher by 2%, inline with a broad European rally.
  • Nov. 21, 2014, 7:27 AM
  • Jun. 5, 2014, 7:55 AM
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  • May 3, 2012, 8:51 AM
    Alongside the surging euro are European equity markets giving up much of their big early gains as the early indication from Draghi's press conference is no new candy. Stoxx 50 +0.3%, after being up about 1.5% before the talk started.
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  • Mar. 14, 2012, 11:40 AM
    Swiss parliament rejects calls for stricter oversight of the SNB following massive currency market interventions and the recent scandal that caused the departure of its President. The franc dives as this seemingly gives a green light for the bank to continue its policy of weakening the currency. FXF -0.7%.
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  • Aug. 16, 2011, 1:27 PM
    European shares are closed for the day and unable to register their displeasure at no new magic bullet being unveiled in Paris. Euro-ETFs trading in the states are moving lower. Germany EWG -3.3%, Italy EWI -3.6%, Spain EWP -2.8%, MSCI Europe VGK -2.1%, European financials EUFN -2.4%.
  • Aug. 11, 2011, 10:56 AM
    European shares roaring now, at their highs of the day as a short-selling ban seems imminent. Stoxx (FEZ) 50 +3%. The biggest winner is Switzerland (EWL), +5% as the franc (FXF -4.7%) craters against the euro and the dollar.
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  • Aug. 11, 2011, 10:33 AM
    European shares get another jolt higher as CNBC reports senior government sources saying Italy and France will impose a short-selling ban after the close of trading today. France +1.7%, more than 5% higher than its level 2 hours ago. Italy +3%.
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EWL Description
The iShares MSCI Switzerland Capped Index Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Switzerland 25/50 Index (the “Underlying Index”).
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Country: Switzerland
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