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ETF Tip Of The Week For Sept. 17Wall Street Sector Selector • Mon, Sep 17, 2012 -
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Thursday's ETF To Watch: MSCI Spain Index FundJared Cummans • Thu, May 17, 2012 -
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iShares Spain ETF Comes Into Focus After Weak Demand At Bond AuctionTom Lydon • Fri, Sep 2, 2011 -
There are no Transcripts on EWP.
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at MarketWatch.com (Jan 18, 2013)
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at MarketWatch.com (Oct 1, 2012)
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at MarketWatch.com (Jul 25, 2012)
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at MarketWatch.com (May 31, 2012)
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at MarketWatch.com (May 30, 2012)
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at MarketWatch.com (Apr 2, 2012)
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at MarketWatch.com (Jan 9, 2012)
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at MarketWatch.com (Dec 2, 2011)
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at MarketWatch.com (Jan 25, 2011)
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at MarketWatch.com (Jan 12, 2011)
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at MarketWatch.com (Sep 25, 2010)
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at MarketWatch.com (Apr 28, 2010)
EWP vs. ETF Alternatives
EWP Description
The iShares MSCI Spain Capped Index Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Spain 25/50 Index (the “Underlying Index”).
See more details on sponsor's website
See more details on sponsor's website
Country: Spain
Key Info
- In Your Portfolio: A Guide to International Equity ETFs
- Asset Class Performance: Countries
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Wednesday, July 18, 2012, 9:00 AM Spanish bank deposits fall to €1.327T, off slightly from 3 months ago, and down 5.75% Y/Y. Bad loans jump to €155.84B, or 8.95% of the total vs. 8.72 last quarter. The volume of credit was off 3.82% Y/Y and housing prices down 8.3%. Rajoy: The government can't decide between a good and a bad choice ... this government has to choose between the bad and the even worse." 1 Comment [Global & FX]
- Thursday, July 12, 2012, 9:58 AM Madrid returns to its customary place as leader of the decline in Europe, -2.5% following yesterday's announced €65B in austerity measures (more than 0.5% of GDP). Ideas a lesson was learned and the Spanish bailout would not be accompanied by heaping further austerity upon a crumbling economy (a la Greece) have seemingly been dashed. Comment! [Global & FX]
- Wednesday, July 11, 2012, 5:55 AM Spanish PM Mariano Rajoy unveils another €65B of savings as part of an attempt to achieve his country's slightly relaxed deficit targets. The measures add to €45B of austerity that Rajoy has already pushed through, and include VAT rises, and local-government reforms. The fear is that the cuts will only add to Spain's recessionary vortex. Comment! [Global & FX, Top Stories]
- Tuesday, July 10, 2012, 2:40 AM The eurozone will speed delivery of as much as €100B ($123B) in Spanish bank aid, with an initial €30B to be lent by the end of July. The goal is to eventually use the eurozone bailout fund to recapitalize Spanish banks directly rather than saddling Spain's government with debts. Eurozone finmins also agreed to give Spain an extra year to bring its budget deficit back in line. 4 Comments [Global & FX, Top Stories]
- Monday, July 9, 2012, 9:33 AM Spain will be given another year to meet its deficit targets, according to sources. Previously expected to reduce its budget deficit to 3% of GDP by 2013's end, the country will only have to pare it down to 4.5%. The numbers show no more than bureaucratic sense of humor, but the fact is Spain is being forced to slash spending and raise taxes amidst recession. Comment! [Global & FX]
- Friday, June 29, 2012, 5:20 AM Yields on 10-year Spanish bonds plunge 31 bps to 6.63% after touching 7% yesterday and those of Italy dive 22 bps to 5.98% following the EU summit breakthrough. Shares in Madrid are +2.5% as banks have a party, with BBVA (BBVA) +5.5%, Banco Santander (SAN) +3.6%, and CaixaBank (CAIXY.PK) +2%. Milan stocks are +2.6% 1 Comment [Global & FX]
- Friday, June 29, 2012, 3:15 AM European markets rocket out of the gate as investors cheer progress on a tighter union and bank recapitalization. London +1.7%. Paris +3.0%. Frankfurt +2.4%. Madrid +4%. Euro +1.2% to $1.2592. Sterling +1% to $1.5664. 19 Comments [Global & FX, On the Move, Top Stories]
- Monday, June 25, 2012, 8:09 AM The deteriorating U.S. economic outlook is of more concern than Europe to Goldman's Jim O'Neill. A year ago, the conventional wisdom said if contagion spread to Spain, it was game over. Well, it has, and here we are. "Does it ultimately matter to European equities whether the euro persists or not? ... (they're) so cheap that perhaps investors should ... turn off their computers and TV and disappear on vacation." 3 Comments [Global & FX, U.S. Economy]
- Friday, June 22, 2012, 9:49 AM Spain will formally send a letter requesting a bank rescue on Monday, says finmin De Guindos, with a memorandum of understanding (which will contain the key provisions) set for July 9. In another headline, it's said the country is considering imposing losses on junior bank bondholders. Spanish shares momentarily dove lower, but have since regained their composure. 13 Comments [Global & FX, Financials]
- Friday, June 22, 2012, 9:34 AM Fitch pours cold water on yesterday's audit firm assessment (somehow spun as good news) that Spain's banks could need €51-€62B in additional capital, saying the stress test's assumption of just a 6% capital level appears low. Fitch's base-case estimate of losses is €230B vs. just €170-€190B by Wyman and Berger. Comment! [Global & FX, Financials]
- Thursday, June 21, 2012, 12:32 PM Spanish banks need €51B-€62B in extra capital to survive a serious economic downturn, independent audits from consultancies Roland Berger and Oliver Wyman show. The government will now use the assessments to determine how much it will ask for out of the €100B that the EU has made available to rescue the sector. The Bank of Spain says the country's three largest banks don't need extra capital. 7 Comments [Global & FX, Top Stories]
- Thursday, June 21, 2012, 10:16 AM Spain will release the results of the independent audits of its banking system at 5.30 pm local time, or 11.30 am ET. The analysis, by consultancies Roland Berger and Oliver Wyman, will show that the banks need anywhere from €65B-€150B to recapitalize, depending on which report you believe. 2 Comments [Global & FX]
- Thursday, June 21, 2012, 7:26 AM Spanish bond yields are off sharply again, the 10-year -19 bps to 6.55%, the 2-year -24 bps to 4.78%. The country earlier saw plenty of demand as it moved €2.2B in 5-year notes at 6.07% (now trading at 5.91% in the secondary market). Madrid shares are the outperformer in Europe, +1.1%. 1 Comment [Global & FX]
- Thursday, June 21, 2012, 5:54 AM An independent audit, due out today, will reportedly show that Spanish banks need around €65B ($82B) to recapitalize, far less than the €150B speculated upon earlier this week, and more in line with Fitch and IMF estimates of €40-€80B. There have been fears that the EU's €100B rescue won't be enough. 4 Comments [Global & FX]
- Tuesday, June 19, 2012, 7:22 AM Look for the ECB's furloughed SMP (sovereign bond purchase program) to be re-started if Spanish 10-year yields reach 7.5% (currently 7.08%), says ING's Alessandro Giansanti. He sees the country needing another €250B bailout on top of the €100B already pledged, a sum too great for the current rescue fund. 3 Comments [Global & FX]
- Tuesday, June 19, 2012, 6:08 AM Spain's borrowing costs soar as it sells €3.04B in 12- and 18-month bills. The average rate on the 1-year paper spikes to 5.07% from 2.99% at the previous sale in May, while the yield on the 18-month jumps to 5.11% from 3.3%. The rate on the 12-month is the highest since 1997. 2 Comments [Global & FX]
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Thomas Pan
A victory on stress test will mean nothing if funds are not freed up for Spanish banks EWP IEV FXE - View all 0 replies
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Thomas Pan
The success of Spain bond sale last week showed the effectiveness of E.U.'s quantitative easing, followed by market rallies FXE IEV EWP - View all 0 replies
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Thomas Pan
Spanish banks have borrowed 85.6bn euro or $105.7bn from the ECB in May, the highest since the launch of the eurozone in 1999 EWP - View all 0 replies
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Thomas Pan
EU report warns that far more deficit cuts will be required. The report focuses on Spain and Portugal, and especially on the year 2011 EWP - View all 0 replies
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Thomas Pan
Could Spain be insolvent soon as IMF head Dominique Strauss-Khan is flying to the country? EWP http://bit.ly/c3xpSl - View all 0 replies
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Bespoke Investment Group
50 ETFs now 10% or more below their 50-day moving averages: http://bit.ly/9qhDyy $$ $EWP $EWO $OIH $DBB $EWI - View all 0 replies
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