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First Trust Germany AlphaDex ETF (FGM)

- NYSEARCA
  • Thu, Apr. 9, 3:30 AM
    • German exports recovered smartly in February, growing 1.5% on month after falling 2.1% in January and beating consensus of +1%.
    • Imports increased 1.8% following a decline of 0.2% and topped forecasts of +1.2%.
    • The trade surplus rose to €19.7B from €19.6B but missed predictions of €20.0B, while the current-account surplus climbed to €16.6B from €15.9B. (PR)
    • Meanwhile, industrial production increased a seasonally adjusted 0.2% on month, as expected, after slipping 0.4%. On year, output dropped a non-seasonally adjusted 0.3% vs +0.9% previously.
    • The figures come after data yesterday showed that factory output weakened in February, although PMI readings in March were strong.
    • "We expect Germany's industrial sector to continue to grow robustly in the coming months," says ABN Amro economist Aline Schuiling. "It is supported by the weak euro, historically low interest rates and strong domestic fundamentals."
    • The DAX is +0.5%, while the euro is -0.3% at $1.0746. (PR)
    • ETFs: EWG, EWGS, BUNL, DBGR, DAX, DXGE, GGOV, FGM, BUNT, QDEU, HEWG
    | Comment!
  • Wed, Apr. 8, 4:31 AM
    • German factory orders dropped 0.9% on month in February, which badly missed consensus of +1.5% but did represent an improvement over a 2.6% slump in January.
    • On year, orders -1.3% vs -0.3% a month earlier.
    • However, the reading is known for its volatility and contrasts with other reports, such as strong manufacturing PMI, that indicate strength in the economy.
    • "There is absolutely no need to be worried," says UniCredit economist Andreas Rees. "The upward trend in business sentiment is intact, thereby heralding better hard economic data in the next few months."
    • Notwithstanding Rees' bullishness, the DAX is -0.1%, while the euro is +0.4% at $1.0855.
    • ETFs: EWG, EWGS, BUNL, DBGR, DAX, DXGE, GGOV, FGM, BUNT, QDEU, HEWG
    | 1 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
  • Mon, Mar. 16, 6:50 AM
    • European stock markets are on the rise, with the ECB's quantitative easing process offsetting wider worries about Greek debt talks and hawkish monetary policy in the US.
    • The mood boosted Germany's DAX Index over 12,000 for the first time, up 1.3% on the day.
    • "It’s a very favorable environment," said Hendrik Koenig, an equity strategist at B. Metzler Seel Sohn in Frankfurt. "All the big macro themes right now -- QE, the weak euro, central bank divergence, a stronger consumption trend in Germany -- are playing for German stocks."
    • FTSE 100 +0.5%; CAC 40 +0.9%; Euro Stoxx 50 +1%.
    • ETFs: EWG, EWGS, DBGR, DAX, DXGE, FGM, QDEU, HEWG
    | 3 Comments
  • Mon, Mar. 9, 5:10 AM
    • European shares are in the red, tracking a sell-off on Wall Street after strong U.S. jobs data raised expectations that the Fed could raise interest rates sooner than previously thought.
    • German export data released this morning also weighed on sentiment, after seasonally-adjusted exports decreased by 2.1% in January - the biggest drop in five months.
    • Meanwhile, the ECB begins its €60B per month QE program today, as it looks to stimulate the eurozone economy and avert the threat of deflation.
    • FTSE 100 -0.6%; DAX -0.4%; CAC 40 -0.6%; Euro Stoxx 50 -0.5%.
    • Earlier: Asian shares lower following U.S. jobs report (Mar. 09 2015)
    • ETFs: EWG, EWGS, DBGR, DAX, DXGE, FGM, QDEU, HEWG
    | 2 Comments
  • Fri, Mar. 6, 4:46 AM
    • German industrial production increased 0.6% in January to top the 0.5% rise expected by analysts.
    • A mild winter in the nation helped give a lift to the construction industry. The reading for December was adjusted to 1.0% from 0.1%.
    • Output of capital goods was up by 0.5%.
    • Economists say the overall outlook for German industry is looking more positive.
    • ETFs: EWG, EWGS, BUNL, DBGR, DAX, DXGE, GGOV, FGM, BUNT, QDEU, HEWG
    | 1 Comment
  • Thu, Mar. 5, 5:13 AM
    • German manufacturing orders fell by 3.9% in January, nearly erasing December's 4.4% gain.
    • Factory orders can be volatile, and despite the sharp drop, economists are still generally upbeat about German factory activity.
    • “Softer demand from the U.S. and China, especially for vehicles, may partly explain the lack of better momentum in manufacturing,” one economist said.
    • ETFs: EWG, EWGS, BUNL, DBGR, DAX, DXGE, GGOV, FGM, BUNT, QDEU, HEWG
    | Comment!
  • Fri, Feb. 20, 4:12 AM
    • The German and French economy picked up momentum this month as manufacturing continued growing in Germany and services expanded in the two countries.
    • Markit's German composite Purchasing Managers Index of both industries came in at its best in seven months, increasing to 54.3 from 53.5 in January.
    • France posted its strongest composite services PMI score in three and a half years, rising to 52.2 from 49.3 last month.
    • Update: Eurozone PMI came in at 53.5 this month, up from January's 52.6.
    • The euro is -0.4% at $1.1320, while the DAX -0.2%; CAC 40 -0.2%.
    • ETFs: FXE, EUO, EWG, ERO, EWQ, DRR, EUFX, EWGS, ULE, DBGR, DAX, URR, DXGE, FGM, QDEU, HEWG
    | 2 Comments
  • Fri, Feb. 13, 3:59 AM
    • European stocks are adding to the previous session's gains, following mostly positive growth figures in the eurozone.
    • Boosted by strong domestic demand and household spending, the German economy rose 0.7% in Q4 after expanding 0.1% in the previous three months.
    • Data from France showed that GDP grew by 0.1% during the quarter, meeting analysts' expectations.
    • Matching the growth rate in 2013, the French economy expanded by just 0.4% last year, while Germany boosted growth for 2014 to 1.6%.
    • Update: The eurozone economy saw growth of 0.3% in the last quarter.
    • ETFs: EWG, EWQ, EWGS, BUNL, DBGR, DAX, DXGE, GGOV, FGM, BUNT, QDEU, HEWG
    • FTSE 100 +0.7%; DAX +0.6%; CAC 40 +0.8%; Euro Stoxx 50 +0.9%.
    | 5 Comments
  • Thu, Feb. 5, 4:50 AM
    • German industrial orders in December surged to their highest level since April 2008, suggesting that Europe's largest economy will gain steam early this year after narrowly avoiding recession in mid-2014.
    • Beating even the highest forecasts, bookings for goods rose 4.2% in December, compared to a 2.4% contraction the previous month.
    • Germany still slumped into deflation in January with prices falling 0.5%, although much of this can be blamed on the sharp fall in the oil prices.
    • ETFs: EWG, EWGS, DBGR, DAX, DXGE, FGM, QDEU, HEWG
    | 3 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
  • Fri, Jan. 9, 12:29 PM
    • "The affirmation reflects our view of Germany’s modern, highly diversified, and competitive economy, and the government’s track record of prudent fiscal policies and expenditure discipline," says S&P. "Furthermore, we believe that the German economy has demonstrated its ability to absorb large economic and financial shocks."
    • S&P estimates real German GDP growth of 1.4% in 2014 and 1.1% growth this year.
    • Another assumption: "We expect an orderly resolution of the simmering debt crisis in parts of the eurozone."
    • ETFs: EWG, EWGS, DBGR, DAX, DXGE, FGM, QDEU, HEWG
    | Comment!
  • Dec. 28, 2014, 11:29 AM
    • The German government expects low oil prices to boost its economic growth by 0.2%-0.3% next year, Der Spiegel magazine reported, citing an internal economy ministry memo.
    • Europe's largest economy expects to expand by 1.3% in 2015 after predicted growth of 1.2% this year.
    • The ministry also sees oil prices remaining at low levels in the long term and believes that they will only increase to about $80/barrel by 2018.
    • This coming year, Germany will pay some €12B less to oil producing countries than it did in 2014 (a 25% reduction), said Der Spiegel.
    • ETFs: EWG, EWGS, DBGR, DAX, DXGE, FGM, QDEU, HEWG
    | 6 Comments
  • Dec. 5, 2014, 3:52 AM
    • Bundesbank halved its 2015 growth forecast for Germany today and trimmed its estimate for 2014, though President Jens Weidmann noted that the current sluggish phase will prove to be short-lived.
    • The bank is expecting the economy to expand by 1% next year, compared with its June estimate of 2%. It also cut its prediction for 2014 growth to 1.4% from 1.9% in June.
    • Despite the growth forecasts, German factory orders were reported to have grown by more than expected in October, climbing 2.5% M/M, following a 1.1% increase in September. Economists had forecast a 0.5% rise.
    • DAX is up 1.2% at 9,973.80.
    • ETFs: EWG, EWGS, DBGR, DAX, DXGE, GERJ, FGM, QDEU, HEWG
    | 1 Comment
  • Nov. 14, 2014, 4:31 AM
    • France’s economy grew for the first time this year during the third quarter and Germany narrowly avoided sliding back into recession, as the two reported Q3 GDP data today.
    • French GDP expanded by 0.3% Q/Q, above forecasts of 0.2%, marking a return to growth for the struggling euro zone nation. GDP in Germany was just 0.1% higher in the three months to September, in line with expectations.
    • The sluggish performance could strengthen the hand of Mario Draghi if he decides to expand his controversial €1T asset purchase plan to corporate bonds and sovereign debt.
    • DAX -0.1; CAC 40 +0.2%.
    • ETFs: EWG, EWQ, EWGS, DBGR, DXGE, GERJ, FGM, DAX, QDEU, HEWG
    | 1 Comment
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FGM Description
The First Trust Germany AlphaDEX® 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 the Fund's fees and expenses, of an equity index called the Defined Germany Index.
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Country: Germany
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