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Vanguard FTSE Europe ETF (VGK)

- NYSEARCA
  • Apr. 13, 2014, 4:50 AM
    • The continued strengthening of the euro "would require further monetary policy accommodation," ECB President Mario Draghi has said. "That's an important dimension for our price stability."
    • Draghi's comments came at a meeting of the IMF and after the euro has increased 6% over the past year to $1.3885.
    • Draghi said that the euro's strength has been an important factor in causing eurozone inflation to drop to 0.5% on year.
    • CPI is even negative in some parts of the bloc, sparking increasing concerns about deflation and prompting the ECB to discuss unconventional policy such as quantitative easing.
    • Meanwhile, German Finance Minister Wolfgang Schaeuble and Bundesbank President Jens Weidmann have tried to talk markets out of being overly excited that the eurozone crisis is over. "It's good that markets have become more confident again," said Schaeuble. "But I've said that in parts they're already exaggerating again."
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, FEP, UPV, EUFX, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, FIEU
    | 5 Comments
  • Apr. 3, 2014, 4:18 AM
    • Eurozone services PMI slipped to 52.2 (flash 52.4) in March from 52.6 in February.
    • Composite output edged down to 53.1 (flash 53.2) from 53.3.
    • The surveys indicate that the eurozone's recovery is broad, say Markit. Irish PMI hit a seven-year high of 59 and France a 31-month peak of 51.8, but German growth softened.
    • Still, the eurozone enjoyed the best quarter for PMI in three years in Q1, with the surveys indicating GDP growth of 0.5%.
    • Weakening price indices are a concern amid fears about deflation, although the survey also shows that companies have become leaner, more productive and therefore more competitive.
    • The euro is flat at $1.3765. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, ULE, UPV, IFEU, URR, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    | Comment!
  • Apr. 2, 2014, 5:13 AM
    • Eurozone Q4 GDP growth has been revised down to 0.2% from a previous estimate of 0.3% and vs 0.1% in Q3. On year GDP +0.5%, as in prior estimate, vs -0.3% in Q3. (PR)
    • PPI -0.2% on month in February vs -0.3% in January and forecasts of -0.1%. On year, PPI -1.7% vs -1.4% and -1.6%. (PR)
    • The euro is -0.05% at $1.3786.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, UPV, ULE, FEP, ADRU, URR, FEEU, EURL, DBEU, EURZ, FIEU
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  • Apr. 1, 2014, 5:07 AM
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  • Mar. 31, 2014, 5:07 AM
    • Eurozone flash inflation has slipped to 0.5% on year in March from 0.7% in February and undershot forecasts of 0.6%.
    • Core CPI has weakened to +0.8% from +1%.
    • The slowdown in inflation is likely to strengthen concerns that the eurozone is sliding towards deflation.
    • The euro drops vs the dollar and is -0.1% at $1.3743. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, FEP, UPV, EUFX, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, FIEU
    | 2 Comments
  • Mar. 26, 2014, 5:34 AM
    • European equities follow Asian shares higher amid expectations that the ECB and China may launch further stimulus, and following positive U.S. economic data yesterday.
    • "Concerns around the three C's (cold, Crimea, China) are dropping off," says market strategist Evan Lucas, "as the effect of the U.S. winter subsides, the Crimean conflict is no longer affecting markets, and China has seen stimulation bets ramping up.
    • Euro Stoxx 50 +1.1%, London +0.4%, Paris +0.9%, Frankfurt +1%, Milan +0.6%, Madrid +0.9%.
    • U.S. stock futures: Dow +0.2%. S&P +0.2%. Nasdaq +0.3%
    • ETFs: VGK, FEZ, IEV, EPV, EZU, HEDJ, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
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  • Mar. 24, 2014, 5:11 AM
    • Eurozone flash manufacturing PMI has slipped to 53 in March from 53.2 in February and missed consensus that was also 53.2.
    • Services declined to 52.4 from 52.6 and vs 52.6.
    • Composite output fell to 53.2 from 53.3 and vs 52.6.
    • Manufacturing output edged up to 55.4 from 55.3.
    • The eurozone enjoyed its best quarter for business activity since Q2 2011, says Markit, with the PMI survey signalling a 0.5% increase in Q1 GDP after growth of 0.3% in Q4.
    • However, deflation remains a concern, Markit adds, especially in the periphery. With prices falling again in March, the argument for further stimulus remains, "especially if the rate of growth of activity cools again in April."
    • The euro is flat at $1.3788. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, UPV, ULE, URR, ADRU, FEEU, EURL, DBEU, EURZ, FIEU
    | Comment!
  • Mar. 24, 2014, 4:42 AM
    • German flash manufacturing PMI has dropped to 53.8 in March from 54.8 in February and missed consensus of 54.7.
    • Services fell to 54 from 55.9 and vs 55.8.
    • Manufacturing output declined to 57 from 57.4.
    • Composite output dropped to 55 from 56.4.
    • Staffing rose for a fifth straight month, although "the increase was largely driven by hiring efforts at service providers," says Markit, "while manufacturing firms only reported a fractional rise in workforce numbers."
    • Still, the data points to GDP growth of up to 0.7% in Q1, Markit says.
    • The euro comes back down after jumping a bit following the French PMI and is flat at $1.3795. The DAX is -0.45%. (PR)
    • ETFs: FXE, VGK, EUO, EWG, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, BUND, FEP, EUFX, UPV, ULE, DBGR, DXGE, BUNL, ADRU, URR, FEEU, FGM, GGOV, EURL, BUNT, EURZ, DBEU, FIEU, HEWG
    | 1 Comment
  • Mar. 24, 2014, 4:11 AM
    • French flash manufacturing PMI has climbed to a 33-month high of 51.9 in March from 49.7 in February and topped consensus of 49.8.
    • Services rose to 51.4 from 47.2 and vs 47.9.
    • Manufacturing output grew to 52.8 from 50.8.
    • Composite output increased to 51.6 from 47.9.
    • "Improving conditions both at home and abroad were reported to have contributed to expansion, although there was further evidence that price discounting had been necessary to support sales," says Markit.
    • The euro takes a jump and is +0.2% at $1.3822, while the CAC 40 (EWQ) is -0.2%. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EZU, HEDJ, DRR, FEU, FEP, EUFX, UPV, ULE, ADRU, URR, FEEU, EURL, EURZ, DBEU, FIEU
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  • Mar. 24, 2014, 12:45 AM
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  • Mar. 20, 2014, 7:11 AM
    • EU negotiators have moved further towards a European banking union by agreeing to create a new "resolution" agency that would oversee the shutdown of failing banks and a  €55B fund that would help cover the costs and be paid for by a levy on banks.
    • However, the ECB would have the primary role in triggering the closure of a bank, which would limit the ability of countries to challenge such a decision.
    • The fund won't be able to borrow from the eurozone if it runs out of money, which critics say undermines the concept of the proposed union.
    • The European parliament and EU finance ministers must now approve the deal.
    • ETFs: VGK, FEZ, IEV, EPV, EUFN, EZU, HEDJ, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
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  • Mar. 14, 2014, 5:24 AM
    • European equities follow Asian shares lower as the tension over the Ukraine crisis increases and amid rising concerns about China's economy following weak data this week.
    • "Traders would be foolish to make the mistake they made two weeks ago and go home long into the weekend, particularly with the situation on the ground in Ukraine so potentially fluid, and the Crimea referendum vote due on Sunday," says market analyst Michael Hewson.
    • However, U.S. stock futures are higher following sharp losses on Wall Street yesterday.
    • Euro Stoxx 50 -0.6%, London -0.4%, Paris -0.6%, Frankfurt -0.7%, Milan -0.5%, Madrid -0.7%.
    • U.S. stock futures: Dow +0.1%. S&P +0.2%. Nasdaq +0.2%
    • ETFs: VGK, FEZ, IEV, EPV, EZU, HEDJ, FEU, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    | 6 Comments
  • Mar. 12, 2014, 8:20 AM
    • George Soros' "worst expectations" in regards to the EU have been "fulfilled," he says, and the bloc faces 25 years of Japanese-style stagnation. While Japan - being one nation - has survived, the EU may not.
    • Soros naturally blames the creditors (i.e., the Germans), and finds it alarming that the EU's banks - when they should be providing capital to boost growth - are instead hunkered down to try and pass the ECB stress test.
    • His comments come amid the launch of his latest book, "The Tragedy of the European Union."
    • ETFs: VGK, FEZ, DFE, IEV, EPV, EZU, HEDJ, GXF, GUR, FEU, FDD, FEP, ESR, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    | 8 Comments
  • Mar. 6, 2014, 8:49 AM
    • The euro pops above $1.38 as Mario Draghi - in his post-ECB meeting press conference - gives no indication in the early-going of any consideration of further monetary ease. It had been thought declining inflation might prompt action, but Draghi calls the upside and downside risks to price developments broadly balanced over the medium-term.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • European stocks have given back nearly all of their earlier gains, the Stoxx 50 now up 0.1%.
    • ETFs: VGK, FEZ, DFE, IEV, EPV, EZU, HEDJ, GXF, FEU, GUR, FDD, ESR, FEP, UPV, ADRU, FEEU, EURL, EURZ, DBEU, FIEU
    • Earlier: The ECB leaves policy unchanged.
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  • Mar. 5, 2014, 5:07 AM
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  • Mar. 5, 2014, 4:13 AM
    • Eurozone services PMI increased to 52.6 (flash 51.7) in February from 51.6 in January.
    • Composite output rose to 53.3 (flash 52.7) from 52.9.
    • Italy's composite PMI improved to a 34-month high of 53.4, while Germany grew strongly as well, although Spain and Ireland slowed a bit and France continued to contract.
    • Of particular encouragement, though, in the overall survey, was that headcount improved for the first time since 2011.
    • The PMI data suggests that eurozone GDP is on track to grow 0.4-0.5% in Q1, which would be the "best performance for three years."
    • The euro is flat at $1.3742 after being lower before the eurozone PMI reports were released. (PR)
    • ETFs: FXE, VGK, EUO, FEZ, ERO, EU, IEV, EPV, EUFN, EZU, HEDJ, DRR, FEU, EUFX, FEP, ULE, UPV, IFEU, URR, ADRU, FEEU, EURL, EURZ, 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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