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First Trust Dow Jones STOXX European Select Dividend 30 Index ETF (FDD)

- NYSEARCA
  • Sep. 16, 2013, 5:21 AM
    • Eurozone CPI +0.1% on month in August, as expected, vs -0.5% in July.
    • On year, inflation 1.3%, also in line, vs 1.6%.
    • Core CPI holds steady at +1.1%, as expected as well. Core CPI excludes food, energy, alcohol and tobacco.
    • The lowest rates were in Greece (-1%) and Bulgaria (-0.7%) and the highest were in Estonia (+3.6%) and Holland (+2.8%).
    • The biggest contributors to the rise in prices were fruit, electricity and tobacco, while transport fuel and telecom were among the largest drags on inflation. (PR)
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    | 2 Comments
  • Sep. 16, 2013, 5:10 AM
    • European shares are higher following Larry Summers' withdrawal from the race to become the next Chairman of the Fed, with the increasing prospects of a diplomatic solution to the Syrian crisis also boosting sentiment.
    • However, Asian shares are mixed and Chinese stocks slip 0.2% as technical indicators signal that equities are overbought.
    • The U.S. dollar index is -0.4% as markets contemplate the thought of new favorite Janet Yellen as Fed chief.
    • "Clearly the dollar doesn't like the idea it could be Yellen at the helm because of the interpretation that QE (stimulus) could be in place for longer," said Rabobank currency strategist Jane Foley.
    • Gold rallies 0.7%, although oil falls 1%.
    • Japan closed. Hong Kong +1.5%, India +0.15%.
    • EU Stoxx 50 +0.8%, London +0.8%, Paris +0.8%, Frankfurt +1.1%, Milan +0.7%, Madrid +0.8%.
    • U.S. stock futures: Dow +0.5%, S&P +0.3%, Nasdaq +0.1%.
    • EU stock ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU.
    • China stock ETFs: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP, HAO, ECNS.
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  • Sep. 13, 2013, 5:19 AM
    • European shares are solidly lower heading into the weekend, with the mood possibly dampened by a Nikkei report that QE skeptic Larry Summers is set to be named as Chairman of the Fed, although it's worth noting that U.S. stock futures are only flat to slightly lower.
    • Given that the report is coming from Japan, doubts about its veracity exist. "You have to wonder just how credible it is. I mean it would be understandable if the New York Times or the Wall Street Journal were reporting this," says one trader.
    • Investors may also be positioning themselves for a FOMC meeting next week, when the Fed could start tapering.
    • EU Stoxx 50 -0.3%, London -0.3%, Paris -0.1%, Frankfurt -0.3%, Milan -0.2%, Madrid -0.5%.
    • Dow futures -0.05%. S&P -0.15%. Nasdaq flat.
    • EU ETFs - EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU.
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  • Sep. 12, 2013, 5:11 AM
    • Eurozone industrial production returned to contraction in July, tumbling to -1.5% on month from +0.6% in June and missing consensus of +0.1%.
    • On year, output -2.1% vs -0.4% and -0.1%.
    • The worse-than-expected figures bring into doubt the sustainability of the eurozone's nascent recovery from recession and are somewhat in contrast to more upbeat PMI data.
    • The euro takes a tumble and is now -0.2% at $1.3287. (PR)
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    | 1 Comment
  • Sep. 11, 2013, 5:15 AM
    • European and Asian stocks are mixed following a rally yesterday, which was spurred by the decreasing prospect of U.S.-led military action against Syria.
    • The market's also digesting economic data from the last ten days or so, says UniCredit's Vasileios Gkionakis. "With the exception of the downward revision of the U.S. payrolls, in general, that has painted a positive picture," Gkionakis says.
    • Oil is +0.5%, gold +0.2%.
    • Japan flat, Hong Kong -0.2%, China +0.1%, India -0.1%.
    • EU Stoxx 50 +0.1%, London -0.1%, Paris -0.1%, Frankfurt +0.5%, Milan +0.7%, Madrid +0.2%.
    • ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, ADRA, AIA, VPL, ASDR, AAXJ, AXJS, EPP, GMF, GMFS, AXJL, UXJ, JPX, PAF, ASEA, EEMA, DVYA.
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  • Sep. 10, 2013, 5:07 AM
    | 1 Comment
  • Sep. 9, 2013, 5:04 AM
    • The Eurozone Sentix investor confidence index has turned positive for the first time in over two years, jumping to 6.5 this month from -4.9 in August and slaying consensus of -2.8.
    • "This is the second strongest rise of the indicator since its start in 2003," Sentix analyst Sebastian Wanke said. "It's a stunning coup for the eurozone."
    • Current situation -8.8 in September, its highest since October 2011, vs -22.3 in August.
    • Expectations 23 vs 14.3. (PR)
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
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  • Sep. 6, 2013, 2:25 PM
    • Credit Suisse rolls out the FI Enhanced Europe 50 ETN (FIEU) - a double-levered fund of European blue chips selected from the 600 largest stocks traded on the continent's (plus U.K.) exchanges. The bank could be seeing opportunity as a similar fund launched by Barclays in late May (FEEU) has already garnered more than $800M in AUM.
    • Both funds are apparently levered-up versions of the SPDR Stoxx Europe 50 ETF (FEU).
    • Costs: the FIEU "investor fee" is "equal to the product of the ETN’s closing indicative value the previous business day; times 0.05 percent; times the ‘day count fraction.'" The FEEU has an annual "exposure fee rate" that is the sum of 0.76% plus the 3-month Libor rate.
    • Other Europe equity ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU Bonds: EU.
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  • Sep. 4, 2013, 4:37 AM
    • The eurozone composite PMI rose to 51.5 (flash 51.7) in August from 50.5 in July, indicating the fastest rate of growth since 2011.
    • The services index increased to 50.7 (51) from 49.8, representing the first increase in activity for a year and a half.
    • "The eurozone recovery is looking increasingly broad-based, with more sectors and more countries emerging from recession," says Markit.
    • "Domestic demand is starting to pick up...with the region’s retail PMI also moving into positive territory for the first time in over two years."
    • Spain and Italy have joined Germany in returning to growth, while France's decline is far weaker than earlier in the year.
    • However, job losses continue.
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    • EU Stoxx 50 -0.8%, euro flat vs dollar after being higher earlier. (PR)
    | 1 Comment
  • Sep. 3, 2013, 12:02 PM
    • Danske Bank calls the end of the European debt crisis after August's PMI showed even the weakest EU countries have turned the corner into the expansion zone. Spain (EWP) printed a 51.1 - the first time above 50 since April 2011; Italy (EWI) hit a 27-month high of 51.3.
    • "The debt crisis is over ... we think there will be no more market panic, where uncertainty about one country spills over into others and creates fears for the entire survival of the eurozone."
    • He notes the improvements in Spain and Italy were export-driven, meaning the countries are starting to see some payoff in the form of more-competitive economies.
    • Before getting too excited, remember EU unemployment remains at a euro-era high of 12.1% and France (EWQ) has become a laggard.
    • European equity ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU.
    | 1 Comment
  • Sep. 3, 2013, 10:00 AM
    • Investors pulled a record-breaking $15B from ETPs globally in August, according to BlackRock (BLK). The previous record was $13.4B in January 2010.
    • A loss of $5.3B for fixed-income funds doesn't necessarily reflect the exit from bonds as short-maturity ETFs like BSV and BKLN saw inflows.
    • Another notable area for inflows were European equity funds like VGK and EZU which saw $4.7B in fresh cash as the EU economy finally pulled out of a recession.
    • European equity ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU Bonds: EU.
    • Gold's outflow's of $687M suggests a cautious stance, but it's a long way from the panic of earlier - YTD exits now sum to over $31B.
    • Gold ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI.
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  • Sep. 2, 2013, 4:40 AM
    • Eurozone manufacturing PMI rises to a 26-month high of 51.4 in August (flash 51.3) from 50.3 in July.
    • Upturn broad-based, with PMIs rising in all countries except France.
    • Greece PMI of 48.7 a 44-month high.
    • Manufacturing in Germany, the Netherlands, Austria, Spain and Italy fastest for at least two years
    • "Companies reported the strongest improvement in business conditions for just over two years, with a pick up in new-orders growth suggesting the upturn will be sustained into September," says Markit.
    • However, companies remain reluctant to take on staff, suggesting "that there’s a long way to go before the recovery feeds through to a meaningful job market improvement." (PR)
    • Euro flat vs dollar. EU Stoxx 50 +1.5%.
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    | 1 Comment
  • Aug. 30, 2013, 5:12 AM
    • Eurozone unemployment 12.1% in July, holding stead from June.
    • The lowest rates were in Austria (4.8%) and Germany (5.3%) and the highest in Greece (27.6% in May) and Spain (26.3%).
    • Euro -0.05% vs the dollar. (PR)
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
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  • Aug. 29, 2013, 5:25 AM
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  • Aug. 27, 2013, 4:32 AM
    • As in Asia, shares in Europe are lower over the increasing tensions with Syria following what appears to be its use of chemical weapons.
    • "The apparent certainty that military action against Syria is on its way has traders highly uncertain about what the repercussions will be for igniting a powder keg in such an already volatile region," writes Capital Spreads trader Jonathan Sudaria.
    • The U.S. Treasury's confirmation that the government will hit the debt ceiling in mid-October is also weighing on sentiment.
    • A continuing improvement in German business confidence doesn't seem to be having any effect at all.
    • European equities ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU
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  • Aug. 22, 2013, 10:54 AM
    • Europe is still missing $100B of net inflows, says SocGen, taking a close look at money going in and out of global mutual funds and ETFs. The $100B is the difference between flows into the U.S. and out of Europe since 2007 - a period which not coincidently had American equities outperforming those on the Continent. Consider that Japan and Emerging Markets (especially EM) also saw inflows during this period, and the contrast is even more startling.
    • The taper should favor European equities over those in the U.S. says the team, and early summer data - while thin - shows inflows picking up into Europe and slowing here.
    • Maybe benefitting the most from QE are emerging market inflows which have soared far higher than those of the U.S. or Japan. "Mind the liquidity gap," says the bank, as the end of asset purchases could prove destabilizing for EM assets. The anticipation of such has already started to see money bleed out of funds targeting those markets.
    • European equity ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU Bonds: EU.
    • Emerging market equity ETFs: AGEM, EEM, ADRE, SCHE, GMM, VWO, DEM, EWEM, PXH, PIE, EWX, DGS, EMLB, EDC, EET, EMSA, EDZ, EEV, EUM, TLTE, HILO, EELV, EEMA, EMFT, DVYE, FEMS, EVAL, EGRW, EMCR, IEMG, EMDR, EEME.
    | 1 Comment
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FDD Description
First Trust Dow Jones STOXX® European Select Dividend Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Dow Jones STOXX® Select Dividend 30 Index.
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