GERJ is defunct since December 13, 2014. Lack of investor interest
SA News • Jun. 5, 2014
Fri, May 22, 4:46 AM
- The Ifo measure of German business confidence weakened for the first time in seven months in May, albeit only slightly, another sign that growth in Europe's largest economy is losing momentum.
- The Ifo business climate index slipped to 108.5 from 108.6 in April, its first drop since October 2014, but still rested above forecasts for a 108.3 print.
- Germany’s economy is still set to outperform that of the euro area, with unemployment at record lows, lower borrowing costs, and exporters gaining from the ECB's asset-purchase program.
- DAX -0.1% to 11,853.
- ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
Dec. 9, 2014, 1:45 PM
- December 12th will be the final trading day for the following ETFs: Market Vectors Bank and Brokerage ETF (NYSEARCA:RKH); Market Vectors Colombia ETF (NYSEARCA:COLX); Market Vectors Germany Small-Cap ETF (NYSEARCA:GERJ) ; Market Vectors Latin America Small-Cap ETF (NYSEARCA:LATM); Market Vectors Renminbi Bond ETF (NYSEARCA:CHLC)
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
Nov. 21, 2014, 7:27 AM
- "We will do what we must to raise inflation and inflation expectations as fast as possible," Mario Draghi told a banking conference, promising faster asset purchases as needed.
- The Stoxx 50 (NYSEARCA:FEZ) is higher by 2.2%, led by a 2.4% gain in Spain (NYSEARCA:EWP) and a 2.3% advance in Italy (NYSEARCA:EWI). Germany (NYSEARCA:EWG) and France (NYSEARCA:EWQ) are up 2%, and the U.K. by 1%.
- The euro (NYSEARCA:FXE) is down 0.9% and buying $1.2432.
- ETFs: VGK, FEZ, EWP, DFE, IEV, HEDJ, EWL, EPV, EZU, EWD, NORW, EIRL, EWO, FEU, EWN, EWK, EDEN, FEP, EWGS, UPV, EURL, ENOR, ADRU, FEEU, EFNL, GERJ, DBEU, EURZ, FSZ, IEUR, FIEU, QESP, SMEZ, ESTX, HEZU, FEUZ
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
Nov. 3, 2014, 4:03 AM
- German manufacturing PMI returned to growth territory in October, increasing to 51.4 from September's 15 month low of 49.9.
- Production growth accelerated despite a marginal decline in new orders, the rate of job creation hit a 33-month high, and input costs declined at the sharpest rate since April.
- "The data sends mixed signals about the health of Germany's manufacturing sector and it is too early to say whether the sector will be able to sustain growth in the fourth quarter," says Markit.
- The DAX is -0.1%, while the euro is -0.2% at $1.2498. (PR)
- ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, DAX, HEWG
Oct. 27, 2014, 5:12 AM
- The German Ifo institute's business-climate index has dropped for the sixth month, slipping to 103.2 in October from 104.7 in September and missing consensus of 104.3.
- The current-situation reading declined to 108.4 from 110.5 and undershot forecasts of 110, while the expectations print fell to 98.3 from 99.3 and vs estimates of 98.9.
- The euro shows little reaction and is +0.2% at $1.2697, while the DAX is -0.1%.
- CESifo Web site
- ETFs: FXE, EUO, EWG, ERO, EU, DRR, GUR, ESR, EUFX, EWGS, ULE, DBGR, BUNL, URR, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG, DAX
Oct. 15, 2014, 3:05 AM
- German CPI remained flat on month in September, as initially estimated.
- On year, CPI held at +0.8%.
- The low inflation rate was mainly due to decreasing energy prices, the government's Federal Statistical Office says.
- The data adds to CPI figures from across the EU yesterday, which provided further evidence of the danger that deflation poses to the region.
- The DAX is +0.1%, while the euro is flat at $1.2659. (PR)
- ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG
Oct. 14, 2014, 7:51 AM
- The finance ministry sees 2014 economic growth at 1.2% vs. the previous estimate of 1.8%. 2015 GDP growth is cut all the way to 1.3% from 2%.
- The CPI outlook is for 1.1% this year and 1.6% in 2015.
- German 10-year Bund yields are down five basis points to a record-low 0.80%.
- Previously: German investor sentiment turns negative
- ETFs: EWG, EWGS, DBGR, DXGE, GERJ, FGM, QDEU, HEWG
Oct. 14, 2014, 5:21 AM
- The German ZEW survey of investor confidence has unexpectedly dropped into negative territory for the first time in almost two years, tumbling to -3.6 in October from 6.9 in September and missing expectations of 1.
- The current situation print has slumped to 3.2 from 25.4, falling short of consensus of 18.
- Sentiment for the eurozone plunged to 4.1 from 14.2 and missed forecasts of 7.1.
- "Geopolitical tensions and the weak economic development in some parts of the Eurozone, which is falling short of previous expectations, are a source of persistent uncertainty," says ZEW President Professor Clemens Fuest. "These factors are tarnishing growth expectations in Germany. Disappointing figures concerning incoming orders, industrial production, and foreign trade have likely contributed to the growing pessimism among financial market experts." (PR)
- The DAX is -0.5% and the euro is -0.8% at $1.2653.
- European ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EU, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, IEUR, FIEU, ESTX, HEZU
- German ETFs: EWG, EWGS, DBGR, BUNL, DXGE, GERJ, FGM, GGOV, BUNT, QDEU, HEWG
Oct. 7, 2014, 6:42 AM
- Germany industrial production fell more than economists forecast in August, dropping 4% from July, when it expanded 1.6%, the biggest decline since January 2009.
- As sluggish growth plagues the euro zone, Germany faces a slimming export market in addition to political tensions with Russia.
- Output of investment goods -8.8%; intermediate goods -1.9%; consumer-goods production -0.4%; construction -2%. Only energy output rose, climbing 0.3%.
- Der Spiegel magazine reported on Sunday that the IMF would cut its German economic growth in 2014 and 2015 to around 1.5% per year from previous 1.9% and 1.7% estimates.
- DAX is down 0.8%.
- ETFs: EWG, EWGS, DBGR, DXGE, GERJ, FGM, QDEU, HEWG, BUNL, GGOV, BUNT
Oct. 5, 2014, 10:47 AM
- The International Monetary Fund will cut its estimates for German economic growth in 2014 and 2015 to around 1.5% per year due to the crises in Ukraine and the Middle East, Der Spiegel reports. The forecasts are due to be published on Tuesday.
- In July, the IMF estimated Europe's largest economy to expand by 1.9% this year and by 1.7% in 2015. Germany's economy got off on a strong foot in the beginning of year but shrank by 0.2% in Q2.
- Der Spiegel says the IMF will also call on the German government to do more to boost public and private investment to boost growth in the short term and bring benefits for the country in the medium term.
- ETFs: EWG, EWGS, DBGR, BUNL, GERJ, DXGE, FGM, GGOV, BUNT, QDEU, HEWG
Aug. 14, 2014, 6:46 AM
- Euro-Zone GDP failed to grow in the second quarter following 12 months of weak growth, causing European equity markets to fall and increasing pressure on the ECB to do more to boost growth and inflation.
- Data released this morning by the European Union's statistics office translates into 0.2% growth in annualized terms, down from the first quarter's 0.8% pace.
- The euro zone's three largest economies, which account for two-thirds of the region's €9.6T ($12.8T) GDP, all did not post any growth. German GDP shrank 0.2% from the first quarter and Italy's output fell at a similar pace. The French economy, the bloc's second largest behind Germany, stagnated for a second straight quarter.
- The region's next largest economies, Spain and the Netherlands, posted some growth but not enough to offset their larger peers.
- ETFs: FXE, RSX, VGK, EUO, EWG, FEZ, GREK, EWP, EWI, DFE, RUSL, ERO, RSXJ, IEV, ERUS, RUSS, EWL, HEDJ, EU, EWU, EPV, EUFN, EZU, EWD, NORW, EWQ, EPOL, EIRL, PLND, RBL, EWO, DRR, GXF, FEU, EWN, GUR, EWK, EDEN, FDD, EWGS, FEP, ESR, UPV, EUFX, PGAL, ULE, IFEU, DBGR, ENOR, ADRU, EWUS, EUDG, DXGE, FEEU, GERJ, URR, FGM, EFNL, EURL, FKU, FSZ, DXPS, RUDR, EURZ, DBEU, QDEU, IEUR, FIEU, EUMV, HEWG, SMEZ, QESP, DBUK, QGBR
Jun. 6, 2014, 5:59 AM
- Bundesbank has raised its growth forecast for Germany today, expecting a growth of 1.9% this year, replacing the December forecast of 1.7%.
- As the euro zone's largest economy, Germany has been looked to as a source of euro zone recovery, especially given the ECB's cut yesterday to the deposit rate below zero.
- The Bundesbank growth forecasts for 2015 and 2016 are unchanged at 2% and 1.8% respectively.
- ETFs: EWG, EWGS, DBGR, DXGE, GERJ, FGM, HEWG,BUND, BUNL, BUNT, GGOV
Jun. 5, 2014, 7:55 AM
- The Stoxx 50 (FEZ) is up 0.8% after being about flat ahead of the ECB rate decision, at which the central bank cut all three of its benchmark rates, including taking the deposit facility rate into negative territory.
- Italy (EWI) with a 1.3% gain and France (EWQ) ahead 1% lead the way.
- The euro (FXE) tumbles about 40 pips, now off 0.3% on the session and buying $1.3563.
- Europe equity ETFs: RSX, VGK, EWG, FEZ, GREK, EWP, EWI, DFE, RUSL, IEV, RSXJ, EWL, ERUS, EWU, RUSS, EPV, EZU, EWD, HEDJ, NORW, EWQ, EPOL, EIRL, PLND, EWO, RBL, GXF, EWN, FEU, EWK, FDD, EWGS, FEP, EDEN, UPV, EWUS, DBGR, PGAL, ADRU, ENOR, GERJ, DXGE, FEEU, FGM, EURL, FKU, EFNL, EUDG, DXPS, FSZ, EURZ, FIEU, RUDR, DBEU, HEWG, DBUK
- Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
- ECB chief Mario Draghi's press conference begins at 8:30 ET.
May 26, 2014, 6:49 AM
- As expected, Germany's Gfk consumer confidence index has held steady at 8.5 heading into June.
- "While economic expectations increased considerably and willingness to buy registered a marginal improvement, income expectations lost a large share of the gains achieved in the previous month," Gfk said.
- The reading comes after the Ifo index last week showed business optimism weakening. (PR)
- ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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