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Vanguard FTSE Europe ETF (VGK)

- NYSEARCA
  • Jan. 16, 2014, 5:10 AM
    • As expected, eurozone CPI rose 0.3% on month in December after falling 0.1% in November.
    • On year, inflation increased 0.8% vs +0.9%, also as forecast.
    • Core CPI +0.7% vs +0.9%.
    • Inflation remains well below the ECB's target of just under 2% amid concerns that Europe faces the threat of deflation. It's worth noting that CPI fell in Greece, Cyprus, Bulgaria and Latvia.
    • The euro is +0.1% vs the dollar. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, GUR, EUFX, ESR, ULE, UPV, FEP, ADRU, URR, FEEU, DBEU, FIEU
    | Comment!
  • Jan. 15, 2014, 3:15 AM
    • Germany's price-adjusted GDP growth eased to 0.4% in 2013 from 0.7% in 2012 and missed consensus of 0.5%.
    • "The German economy suffered from the continuing recession in some European countries and from restrained growth of the global economy," says Roderich Egeler, President of the Federal Statistical Office. "The strong domestic demand could offset those factors only to a limited extent."
    • "Final consumption expenditure was the main driving force for German economic growth," the stats office says. Household final consumption +0.9%, government final consumption expenditure +1.1%.
    • However, gross fixed capital formation fell.
    • Exports +0.6% and imports +1.3%, so the trade balance hurt growth by –0.3 percentage point. That might assuage criticism that Germany relies too much on exports for its growth.
    • The DAX  is +0.6%, while the euro slides and is -0.3%. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, BUND, EWGS, EUFX, ULE, UPV, FEP, GERJ, URR, ADRU, BUNL, DBGR, FEEU, DXGE, FGM, GGOV, BUNT, DBEU, FIEU
    | Comment!
  • Jan. 14, 2014, 5:10 AM
    • Eurozone industrial production swung to growth of 1.8% on month in November from a drop of 0.8% in October and comfortably topped consensus of +1.4%.
    • On year, output jumped to 3% from 0.5% and was more than double expectations of +1.4%.
    • The euro is flat at $1.3672. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, ULE, UPV, FEP, ADRU, URR, FEEU, DBEU, FIEU
    | 1 Comment
  • Jan. 9, 2014, 9:21 AM
    • The euro gives up sizable gains and turns lower and European stocks add to gains as Mario Draghi - at his post-ECB decision press conference - calls it too soon to declare victory over the eurozone crisis. The economy is recovering, but there are factors afoot which could undermine it - among them a falling inflation rate and a tightening in money markets. He reiterates the bank's intention to use all available instruments as necessary.
    • The euro is down about 70 pips since he started speaking, now off 0.1% on the session and buying $1.3562. The Stoxx 50 is ahead by 0.7%.
    • Earlier: The ECB leaves policy unchanged.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, DFE, EZU, HEDJ, DRR, GXF, FEU, GUR, FDD, EUFX, ESR, ULE, UPV, FEP, ADRU, URR, FEEU, FIEU, DBEU
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  • Jan. 8, 2014, 5:07 AM
    • As expected, the eurozone's unemployment rate held steady at 12.1% in November.
    • The lowest unemployment was in Austria, Germany and Luxembourg, and the highest in Greece and Spain. No surprises there. (PR)
    • Retail sales grew 1.4% on month, recovering from a fall of 0.4% in October and easily topping consensus of +1.4%. On year, sales +1.6% vs -0.3% and +0.3%. (PR)
    • The euro is -0.1% at $1.3606.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, ULE, UPV, FEP, ADRU, URR, FEEU, DBEU, FIEU
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  • Jan. 7, 2014, 5:09 AM
    • Eurozone inflation declined to 0.8% in December from 0.9% in November and came in below consensus that was also 0.9%.
    • Industrial PPI dropped to -0.1% from +0.2% and vs expectations of +0.1%. On year, PPI was -1.2% vs -1.3% previously.
    • The CPI figure remains well below the ECB's target of just under 2%, a trend that has sparked discussion about the threat of deflation in the eurozone.
    • The euro is flat at $1.3622.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, DRR, HEDJ, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, DBEU, FIEU.
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  • Jan. 6, 2014, 4:23 AM
    • Eurozone composite PMI rose to 52.1 in December (flash 52.1) from 51.7 in November.
    • Services PMI slipped to 51 (flash 51) from 51.2.
    • "December saw the second-largest increase in business activity since June 2011 and rounded off the best quarter for two-and-a-half years," says Markit.
    • The PMI data is consistent with GDP growth of 0.2%, while the labor market ended almost two years of falling employment, and Markit expects a return to jobs growth this year.
    • Spanish composite PMI hit a 6 1/2 year high of 53.9, while Ireland enjoyed strong growth with a reading of 58.6, although France suffered recession-type contraction. (PR)
    • The euro is +0.1% at $1.3604.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, DBEU, FIEU
    | Comment!
  • Jan. 2, 2014, 4:19 AM
    • Eurozone manufacturing PMI increased to a 31-month high of 52.7 (as in the flash estimate) in December from 51.6 in November.
    • Rising output and fuller order books encouraged manufacturers to hold off from further job cuts, while new export orders again rose at a solid pace.
    • “A strengthening upturn in the manufacturing sector is helping the euro area recovery become firmly established," says Markit, adding that the latest data suggests Q4 production growth of 1%.
    • "The stage is set for a good start to 2014, during which it seems likely that the manufacturing sector will help drive a meaningful, albeit still modest recovery in the wider economy," Markit says.
    • Germany, Italy and Spain are seeing the strongest output growth since early 2011, although France "remains a concern" and is looking uncompetitive.
    • Euro Stoxx 50 index is -0.3%, while the euro is -0.2% at $1.3731. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, EWP, EWI, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, UPV, ITLY, ULE, FEP, ADRU, URR, ITLT, FEEU, FIEU, DBEU
    | Comment!
  • Dec. 29, 2013, 5:16 AM
    • European Central Bank President Mario Draghi sees "no immediate need" to cut the bank's main interest rate further.
    • While the eurozone crisis "isn't over," Draghi told Der Spiegel, "there are many encouraging signs." These include economic recovery in some countries, lower trade imbalances and falling budget deficits.
    • Draghi's comments come after the ECB reduced rates by a quarter of a point to a record low of 0.25% last month and cautioned that the eurozone could face a "prolonged period" of low inflation. However, Draghi said in the interview that there are no signs of deflation. "We don't have a situation as in Japan," he said.
    • Bundesbank President Jens Weidmann has said that the "calm" in the financial markets could be deceiving. "Subdued price pressure shouldn't be a license for arbitrary monetary-policy easing," Weidmann said.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, HEDJ, DRR, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, DBEU, FIEU
    | 6 Comments
  • Dec. 20, 2013, 3:16 AM
    • The German Gfk consumer confidence index has risen to 7.6 heading into January from 7.4 previously and topped consensus that was also 7.4.
    • "The mood among consumers in Germany is again remarkably good as 2013 draws to a close," says Gfk. "Further increases were recorded in economic expectations and willingness to buy. (However,) income expectations declined slightly from a high level."
    • The strengthening of the consumer outlook adds to increasing bullishness among German investors and businesses. (PR)
    • However, deflationary pressures exist, with PPI dropping an expected 0.1% on month in November vs -0.2% in October. On year, PPI -0.8% vs -0.7%.
    • (PR)
    • The DAX is +0.3% and the euro is -0.2% at $1.3632.
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, EPV, IEV, EZU, DRR, HEDJ, BUND, EUFX, FEU, UPV, ULE, FEP, BUNL, URR, GERJ, ADRU, FEEU, BUNT, DBGR, GGOV, FGM, DXGE, DBEU, FIEU
    | 1 Comment
  • Dec. 19, 2013, 2:30 PM
    • Vanguard FTSE Europe ETF (VGK) announces quarterly distribution of $0.237.
    • For shareholders of record 24 Dec; Payable 27 Dec; Ex-Div. date 20 Dec. (PR)
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  • Dec. 18, 2013, 4:42 AM
    • The Ifo institute's business climate index has increased to its highest in 20 months, edging up to 109.5 in December from 109.3 in November and meeting consensus.
    • However, the current-situation reading slipped to 111.6 from 112.2 and missed forecasts of 112.5; still, the expectations print climbed to 107.4 from 106.4 and beat estimates of 106.5.
    • "The German economy is in a festive mood," says Ifo CEO Hans-Werner Sinn.
    • The DAX is +0.7% and the euro is -0.1% at $1.3753. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, EPV, IEV, EZU, DRR, HEDJ, BUND, EUFX, FEU, UPV, ULE, FEP, BUNL, URR, GERJ, ADRU, FEEU, BUNT, DBGR, GGOV, FGM, DXGE, DBEU, FIEU
    | 1 Comment
  • Dec. 17, 2013, 5:11 AM
    • As expected, Eurozone CPI dropped 0.1% on month in November, as it did in October.
    • On year, inflation increased 0.9% (also in line) vs +0.7% previously.
    • Core CPI +0.9% vs +0.8% in October and consensus of +1%.
    • Inflation has edged back up towards the ECB's target of just under 2%, still giving the bank room to further loosen policy if it wants to.
    • EU shares are mostly lower ahead of the start of a two-day FOMC meeting today, when the Fed is set to discuss whether to start the dreaded taper.
    • The euro is +0.1% at $1.3770. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, DRR, HEDJ, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, DBEU, FIEU
    | Comment!
  • Dec. 16, 2013, 4:13 AM
    • Eurozone flash manufacturing PMI has increased to a 31-month high of 52.7 in December from 51.6 in November and topped consensus of 51.9.
    • However, services slipped to 51 from 51.2 and missed consensus of 51.5.
    • Composite output increased to 52.1 from 51.7 and edged forecasts of 51.9.
    • Manufacturing output climbed to 54.8 from 53.1.
    • PMI increased after two successive months of decline, but the upturn is uneven. Manufacturing growth strengthened while services slowed, and Germany powered ahead, while France, in the words of Markit, "looks increasingly like the new "sick man of Europe."
    • The data indicates that GDP grew 0.2% in Q4, "suggesting the recovery remains both weak and fragile," says Markit.
    • The euro is +0.1% at $1.375. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, DRR, HEDJ, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, DBEU, FIEU
    | 1 Comment
  • Dec. 12, 2013, 5:07 AM
    • The eurozone's recovery continues to remain shaky, with industrial production dropping 1.1% in October after falling 0.2% in September and missing consensus for a rise of 0.3%.
    • On year, output increased 0.2%, as in September, but came in well below forecasts of 1.1%. (PR)
    • The euro is -0.1% at $1.377.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, DRR, HEDJ, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, DBEU, FIEU
    | 1 Comment
  • Dec. 4, 2013, 5:07 AM
    • Eurozone Q3 GDP is confirmed at +0.1% on quarter vs +0.3% in Q2.
    • On year, GDP fell 0.4% vs -0.5%. (PR)
    • Retail sales -0.2% on month in October vs -0.6% in September and consensus of flat.
    • On year, sales -0.1% vs +0.3% and +0.9%. (PR)
    • The euro is flat at $1.3587.
    • FXE, VGK, EUO, FEZ, ERO, EU, EPV, IEV, EZU, DRR, HEDJ, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, DBEU, FIEU
    | Comment!
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VGK Description
Vanguard FTSE Europe ETF seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe.
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