iShares MSCI Italy ETF
Why the European Central Bank Is Optimistic about Growth
At its April 26 meeting, the ECB’s (European Central Bank) governing council sounded optimistic about the European Union’s growth momentum.
How Was 2017 for European Markets?
At the start of 2017, elections in many European countries brought some political uncertainty to the European markets.
Why the IMF Upgraded Its Eurozone Growth Forecast
The International Monetary Fund (or IMF) has upgraded its growth projections for Eurozone countries, including France, Germany, Italy, and Spain.
What’s behind the European Central Bank’s Normalization Plans?
Economic growth has picked up in recent quarters. According to data from Eurostat, the European economy (VGK) grew 2.3% in the recent quarter.
Why Strong European GDP Growth Momentum Gives Confidence to the ECB
In its September 7 meeting, the ECB (European Central Bank) governing council sounded optimistic about the strong growth momentum in the EU.
Why the International Monetary Fund Expects Continued Euro Growth
Growth projections for Euro area upgraded The International Monetary Fund (or IMF) has revised its growth projections for France, Germany, Italy, and Spain. Growth projections for Germany (FGM), France (EWQ), and Italy (EWI) were upgraded by 0.2% for 2017, and 0.1% for 2018. Spain (EWP) had a higher upgrade to growth expectations, with a change of […]
Greece’s Unemployment Falls, but Still the Highest Among Peers
Europe’s average unemployment has fallen to a four-year low of 9.8% as of 2016. Greece’s seasonally adjusted unemployment rate was 23.5% in January 2017.
Why Vodafone Italy’s EBITDA Margin Keeps Growing
In fiscal 1H17, Vodafone Group’s (VOD) revenue in Italy (EWI) rose ~2.5% YoY (year-over-year) to ~3 billion euros (about $3.13 billion) in fiscal 1H17.
Why Monetary Policy Remained in Focus in October
Like in September, monetary policy and associated releases were made headlines throughout October.
The Debt Clock Is Ticking: Does the Next President Have a Plan?
The debt clock is ticking in the United States, and at a good pace. The total US (SPY) (IWM) (QQQ) debt is currently $19.8 trillion.
ECB Keeps Markets Guessing on Monetary Policy
The ECB (European Central Bank) released its latest monetary policy statement on October 20, 2016.
Are We Witnessing a Taper Tantrum from the ECB?
While talking to Bloomberg, Jeffrey Rosenberg, chief fixed-income strategist at BlackRock, made an important observation about the market’s reaction to the reports.
Why Italian Banks Led Gains in European Markets
Critical European markets (DBEU) were all trading on a positive note on August 23, 2016. The rise was led by the Italian FTSE MIB.
What Does the Global Markit Services PMI Show?
Markit published the July services PMI number for European countries (EZU) on August 3. The services activity expanded in Europe.
Analyzing Scenarios in the IMF’s Report: What to Expect
The IMF looks at two risk scenarios for estimating the growth forecasts in case of increased risks. The two new scenarios are “downside” and “severe.”
Where Should Investors Turn in the Wake of Brexit Results?
As concerns about weak economic growth are further aggravated in the aftermath of Brexit, European (EZU) stocks are likely to see downward trends for the rest of the year.
Scenario Analysis: What to Expect after the Brexit Vote
If negotiations after the Brexit vote pave a tough road for the United Kingdom, then other countries will be forced to rethink a referendum.
European Central Bank Will Be in the Limelight This Week
The major event of the macro calendar of the week starting July 18 will be the ECB’s (European Central Bank) monetary policy meeting on July 21, 2016.
French Inflation Rose: Will It Impact the ECB’s Stimulus Decision?
Consumer prices in France increased by 0.2% on an annual basis in June—compared to unchanged inflation in the previous month.
Markets Extend Rally on Stimulus Hopes, FTSE 100 Remains Flat
The FTSE 100, the United Kingdom’s major index (EWU), has been on rising trend after the sharp fall for two days following the Brexit referendum.
Is the Brexit Vote the Beginning of a Movement?
Popular opinion holds that the Brexit referendum has opened the gates for other such votes in the future.
EWG Fell despite Release of Higher German IFO Conditions
The iShares MSCI Germany ETF (EWG) fell by 9.8% at the end of the day on June 24. The SPDR Euro Stoxx 50 ETF (FEZ) fell by 11.7%.
Why Oracle Expects Improved Software and Platform Growth Ahead
Oracle now expects 65% or higher growth in its cloud SaaS (software-as-a-service) and PaaS (platform-as-a-service) space in fiscal 2017.
Strong Rise in Eurozone Current Account Surplus
The current account surplus in the Eurozone (EZU) (FEZ) increased to 34 billion euros on June 17 against 31.3 billion euros in April.
Why the Eurozone’s Recovery Isn’t Broad-Based Yet
Though there are green shoots appearing in European economies, the Eurozone’s (EZU) (VGK) growth is still facing stiff long-term headwinds.
Eurozone’s Subdued Retail Sales and Services PMIs Add to Worries
The Eurostat released the Eurozone’s (DFE) retail sales data for April on June 4, 2016. Retail sales remained unchanged.
How Will Textura Enhance Oracle’s Position in Construction?
Textura provides cloud-based payment management services and sells billing software to the construction sector.
A Look at Solair, Microsoft’s Latest Acquisition
Solair, based in Italy (EWI), is an IoT (Internet of Things) company that specializes in connecting workplace devices.
European Indexes Broadly Positive on March 14
Critical European indexes were trading on a positive note on March 14, 2016, at 12:00 PM ET. Looking at the performance of the major European indexes, DAX and France’s CAC 40 traded higher by 1.5% and 0.16%, respectively.
European Indexes: Broadly Positive ahead of the US NFP Release
Critical European indexes (VGK) were trading with a positive bias on March 4, 2016, at 7:00 AM EST. The Euro Stoxx 50 rose by 0.92%.
How Vodafone Performed in Italy in 3Q16
Vodafone service revenue in Itay fell ~8.8% YoY (year-over-year) to reach ~0.93 billion pounds.
Italy’s Manufacturing Activity Eased in January
The Italian economy contributes about 3.0% toward global gross domestic product, and the manufacturing sector accounts for 15% of the country’s economy.
Italy’s Inflation Rate Remained Flat in December
According to the National Institute of Statistics (Istat), Italy’s December inflation rate is expected to remain unchanged at 0.1% on a year-over-year (or YoY) basis.
Greek Debt Crisis Impacted the Eurozone in 2015
Greece’s debt was ~250 billion euros. The Greek debt crisis left the EU in a difficult situation. It can allow Greece to exit or it can accept Greece’s soaring debt.
Italian Consumer Confidence Fell in December
According to the ISTAT (Italian National Institute of Statistics), Italy’s consumer confidence fell to 117.6 in December—compared to 118.4 in November 2015.
How Does the Greek Debt Crisis Impact the Eurozone?
Greece’s debt was around 250 billion euros. It’s nearly 175% of its 2013 GDP figures. The GDP could fall more in 2016. The debt crisis started in 2010.
Italy’s Trade Surplus Widened with Declining Imports in September
According to the National Institute of Statistics (or ISTAT), Italy’s goods and services surplus rose to 2.2 billion euros in September 2015 compared to 2.0 billion euros a year ago.
The Euro Falls Sharply as the Fed Is Open to a December Hike
The euro–US dollar currency pair fell 1.2% on October 28, 2015, as the Fed delayed a rate hike and stated that it’s open to considering a rate hike in December.
Tenneco’s Revenue and Income Fell in 3Q15
Tenneco reported a 4.9% decrease in net revenue in 3Q15. Net income and EPS decreased 57.1% and 57.3%, respectively, in 3Q15.
Netflix Plans to Expand to Italy, Spain, and Portugal
High mobile Internet penetration in Western Europe bodes well for Netflix, as many of its Western European subscribers will be able to access Netflix on various electronic devices.
August PMI Reports for the Big 4: Italy, France, Spain, Germany
Italy’s August Manufacturing PMI slipped to 53.8 level in August, down from July’s four-year-high of 55.3. The reading was well supported by an increase in new orders at manufacturers.
Italy’s Inflation Rate Rose in August: EWI Fell 0.40%
According to the August 31 release by the ISTAT, the EU’s harmonized inflation rate in Italy rose to an impressive 0.50% in August on a YoY (year-over-year) basis.
Italy’s Inflation Rate Rose to 0.3% in July, yet EWI Fell 0.88%
The ECB’s (European Central Bank) monetary stimulus package seems to be working well for most Eurozone economies, especially Italy.
Living Longer: The Magnitude of the Mega Trend
Americans are living longer but reproducing more slowly. This is leading to an increasing elderly population. This is a demographic trend that’s here to stay.
Why Greece Is Opposed to the Austerity and Reform Agenda
Greece is opposed to the austerity and reform agenda. In the past, austerity measures helped reduce Greece’s fiscal deficit, but reduction came at a heavy price: crippling social and economic impacts.
Should Investors Be Concerned about a Grexit?
Grexit might not precipitate a financial contagion, but the possibility of a political contagion is very likely. Spain and Italy may decide to follow suit.
Deadlock Over The ‘Bridge To Nowhere’
The emergency meeting in Brussels of all the Eurozone (EZU) finance ministers on February 11 ended in a deadlock over the “bridge to nowhere”.
The Next Act In The Greek Political Drama
The stage is set for the next act in the Greek political drama. With the anti-austerity Syriza firmly at the helm of affairs, it will be a turbulent ride for the Eurozone.
A ‘Grexit’ could leave the Eurozone holding the bag
European Union instability is just one of several negative implications the Eurozone will have to face it Greek exits the monetary union.
Exiting the Eurozone: The implications of a ‘Grexit’
Exiting the Eurozone would mean Greece would no longer be bound by the austerity measures that have resulted in massive cuts to public spending.
Will Spain and Italy follow in Greece’s footsteps?
If the perception was that Spain and Italy might follow the Greek example, yields would rise. But yields are down in both countries.
Greece gets a new prime minister
On Monday, January 26, Alexis Tsipras was sworn in as the new Prime Minister of Greece. His Syriza party advocates against austerity measures.
Subdued market reaction to Syriza party win in Greece
The Syriza party win ends over four decades of alternating rule by the New Democracy party and the Pasok party.
Greece needs to pick up economic momentum
The subdued economic momentum in Greece has had a direct—and negative—impact on its ability to honor its foreign obligations, specifically its bailout loan.
Italian and Spanish spreads widen—another sign of Europe weakening?
Italy’s ten-year government bonds spread against Italy’s ultra-safe German counterpart closed at 176 basis points on October 16. Yields on ten-year Italian bonds reached as high as 2.71% that day and closed at 2.58%.
Why are investors becoming bearish for Greek bonds and stocks?
After four years under a rescue program by the IMF, the EU, and ECB, Athens has largely repaired its finances.
Will the European Central Bank turn to quantitative easing?
In June, the ECB (European Central Bank) launched the TLRTO (Targeted Long-Term Refinancing Operation), which has a built-in incentive mechanism to encourage loans to firms.
Draghinomics: Why Europe needs help fast
Europe has more than one problem. Growth in the Eurozone stalled in the second quarter, following four quarters of sluggish recovery from a crisis over high government debt.
Must-know: What caused the Greek, Irish, and Spanish debt issues?
Tourism revenues—a key revenue component for all these countries—declined substantially because foreign tourists stayed away during the aftermath of the Great Recession. Key industries were also affected—notably cyclical industries like shipping.
Why are yields in the Eurozone at an all-time low?
Mario Draghi, president of the European Central Bank (or ECB) and former Goldman Sachs (GS) managing director, unveiled a suite of stimulus measures on Thursday, June 5 at the ECB’s policy meeting. Initially, bond yields fell. Yields on short and long-term debt in the Eurozone also fell.