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Vanguard FTSE Europe ETF

5/24/2013, 7:23 AM ET

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Thursday, April 26, 2012, 5:22 AM Eurozone consumer confidence comes in -19.9 vs. -19.8 expected and previous. Comment! [Global & FX]
Wednesday, April 25, 2012, 10:21 AM The favorite to become France's next president, Francois Hollande says the EU fiscal compact will not be ratified by his country. Markets in Europe are up sharply, with Paris +2.3%. Take your pick: oversold bounce, Apple, Sarkozy to pull an upset, or just maybe the hope for a trashing of austerity policies that are choking much of the EU. Comment! [Global & FX]
Monday, April 23, 2012, 7:34 AM The ECB can act in a "very forceful way" if needed, the bank's Ewald Nowotny tells CNBC, but now is not yet the time for another LTRO or assistance to Spain. Interest rates "are at a very low stage." Talk like this seems to encourage more selling of the periphery as markets seek out the ECB's "uncle" point. Comment! [Global & FX]
Monday, April 23, 2012, 4:15 AM Markit's Chris Williamson on eurozone PMI: The region is "extending what appears to be a double-dip recession into a third consecutive quarter... Germany saw growth weaken to near-stagnation, while France saw a worryingly steep downturn... The rate of decline also regained momentum in the periphery, which will inevitably raise concerns about the impact of deficit-fighting austerity measures.” 1 Comment [Global & FX]
Monday, April 23, 2012, 4:14 AM Preliminary eurozone PMI falls to 46 in April from 47.7 in March, vs. expectations of 48.1. Comment! [Global & FX]
Monday, April 23, 2012, 3:37 AM European markets are feeling the Monday morning blues and then some. London -0.9%. Paris -1.4%. Frankfurt -1.7%. Spain's IBEX 35 is -2.7%, while yields on Spanish 10-year bonds are up 7 bps to 6.05%. 1 Comment [On the Move, Global & FX]
Sunday, April 22, 2012, 6:24 PM Stock index futures and the euro reflexively open lower following the French elections. One school of thought on Europe says the EU periphery isn't being punished because markets don't believe the austerity promises, but because they do believe the austerity promises. To the extent Hollande may lean against such policies, perhaps the situation will improve. S&P -0.2%, CAC 40 -0.3%, euro -0.2%. 6 Comments [Global & FX]
Thursday, April 19, 2012, 10:06 AM George Soros declares all-out war on the Bundesbank, writes Ambrose-Evans Pritchard, telling Le Monde he would "bet against the euro" were he still in the business. The salutary effect of the LTRO has been broken by the Buba's counterattack, Soros argues. Soros famously redoubled his pound shorts in 1992 when he concluded the Germans would not move to support the currency. (Bundesbank's Weidmann's interview here) 3 Comments [Global & FX]
Thursday, April 19, 2012, 7:45 AM A bit of chatter on the wires that may explain the big reversal in share prices over the past few minutes. One is a rehash of a 2011 favorite - the coming downgrade of France's credit rating. Another is a story out of Germany saying the German-ECB relationship has reached a breaking point. Stoxx 50 -1%, euro -0.4%, S&P +0.1%. 2 Comments [Global & FX]
Wednesday, April 18, 2012, 9:24 AM The IMF warns of a EU credit crunch, expecting the region's banks to shed €2.6T in assets by 2013's end. This could reduce the area's credit supply by 4.4% and cause a hit to GDP of 1.4%. (Global Financial Stability Report) A press conference discussing the release here. 5 Comments [Global & FX, Financials]
Tuesday, April 17, 2012, 3:20 PM John Paulson's short of Europe just got a bit more interesting. He reportedly is short EU sovereign debt, but the FT reports it's German paper he's shorting as he believes the eurozone debt crisis will deepen enough to threaten that stolid stalwart's creditworthiness. Now that's a contrarian play worthy of the man behind The Greatest Trade Ever. 6 Comments [Global & FX]
Friday, April 13, 2012, 10:20 AM ECB member Klaas Knot says the bank is "very far" from restarting its bond purchase program and hopes the central bank never has to buy up government paper again. His comments contrast with those of Benoit Coeure who said the ECB stands at the ready to relaunch its SMP. Comment! [Global & FX]
Friday, April 13, 2012, 10:09 AM Europe touches new session lows about an hour and a half before its close for the week. Stoxx 50 -2.3%, Spain (earlier) -3.3%, Italy -2.8%, Germany -2.1%. Banco Santander (STD -3.3%), SocGen (SCGLY.PK -5.4%, Deutsche Bank (DB -3.8%), Financial ETF: EUFN -2.3%. Euro -0.7% to $1.3099. 5 Comments [Global & FX, On the Move]
Wednesday, April 11, 2012, 1:23 PM George Soros slams the Bundesbank for clinging to an outdated doctrine, blaming a belief in sound money at least partly for the deteriorating eurozone situation. The crisis is far from over, he says, arguing the fiscal compact "cannot possibly work," and is "potentially catastrophic." 3 Comments [Global & FX]
Wednesday, April 11, 2012, 12:37 PM "Europe 2012 is NOT Europe 2011," writes Macro Man, not discounting the economic difficulties of Spain, but arguing the LTRO has removed systemic risk from the equation. "Disillusionment with LTRO is misguided," says Genevieve Signoret. "It showed (the) ECB won't let (the) banking system collapse. Period. (It's) designed to contain crisis, not cure." 5 Comments [Global & FX]
Tuesday, April 10, 2012, 4:46 PM Re: Europe. This isn't Jim Rickards' first rodeo. He lays out the coming sequence of events: "Spain yields spike, investors puke, Soros buys 'em at 7%, Fed eases, IMF bails out Spain via SDR debt, bonds rally, rinse, repeat." 3 Comments [Global & FX]