Global X MSCI Greece ETF
How Was 2017 for European Markets?
At the start of 2017, elections in many European countries brought some political uncertainty to the European markets.
Greece Debt Drama: What’s Next?
Keep a close eye on further developments in the unfolding Greek debt drama and hope that it does not turn into a tragedy.
Energy & Utilities
Greek Manufacturing Activity Continues to Expand in July 2017
Manufacturing activity in Greece In July 2017, the manufacturing PMI (purchasing managers’ index) in Greece (GREK) remained steady. Operating conditions improved marginally, largely driven by a rise in output. The business conditions improved for a second consecutive month as of July 2017. Consumer sentiment is improving in Greece (EEM ), with improved tourism and growth […]
Greece’s Manufacturing Activity Expands in June 2017
The manufacturing PMI in Greece (GREK) continued to improve in June 2017, reaching 50.5 compared to 49.6 in May 2017.
Did Greece’s Manufacturing Activity Improve amid Growth Expectations?
The Markit Greece Manufacturing PMI advanced to 49.6 in May 2017 compared to 48.2 in the previous month.
Why Greece’s Manufacturing Activity Is Struggling amid Improved Expectations
Amid its financial chaos, Greek manufacturing activity rose in April 2017, though it remains below the acceptable mark of 50.
Puerto Rico’s Structural Problems Are Similar to Greece’s
Puerto Rico shares a story similar to Greece’s (GREK) in terms of its dismal economic performance and exacerbated debt issues.
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 Economic Growth in Greece Is Subdued despite Bailout Help
Substantial fiscal consolidation and internal devaluation in Greece have resulted in reduced economic growth and high unemployment levels.
Could Exiting the EU Leave the UK on Stronger Footing?
Contrary to popular opinion, there are certain areas of opportunity that Brexit could bring to the UK.
What Has Impacted the Global Financial Markets in 2016?
Apart from crude oil prices, it was China (FXI) (YINN) whose shaky economic fundamentals resulted in panic in global financial markets.
Structural Issues with the EU Could Lead to Further Referendums
Many European countries want the ability to print their own money and come to their own aid instead of going to the ECB (European Central Bank).
What Does the Latest Greek Debt Deal Mean?
Greece probably needs to keep putting economic overhauls in place, including the fiscal discipline required by the Greek debt deal that the country’s prime minister, Alexis Tsipras, brokered in August 2015.
The European Union Is Falling Apart: George Soros
Soros remarked, “the European Union is falling apart,” when he was interviewed by Bloomberg TV on January 22. He also sees an impending collapse in Russia.
Greece’s Mixed Bag: Industrial Production and Negative Inflation
Industrial production remains an important gauge of economic activity. Greece’s IIP (industrial production index) rose 4.5% in August 2015 from August 2014.
Why Global Growth Could Be Muted
Weakness in China could lead to a contagion, and global growth could be muted.
Why Greece Is Not a Big Concern for Europe
Heidi Richardson recently visited 10 European countries over four weeks, and observed many signs supporting a currency-hedged exposure to European stocks.
How Foreign Developments Can Impact US Monetary Policy
Because the Fed wants to maintain stability in US financial markets, it is important to assess whether present foreign developments will put the domestic market through tumultuous times.
Greece’s Bailout Is Negative for Gold’s Safe-Haven Demand
Greece did reach a bailout agreement with its creditors. The loan package is worth ~86 billion euros. It’s spread out over three years.
Prepare Your Portfolio: Is Volatility Here to Stay?
It’s time to prepare your portfolio for the second half. To help you, Russ shares five to-dos.
GREK Falls 4.26% as Greece Prepares for More Austerity Measures
In the coming week, Greece is due to present its next set of austerity measures, which it must implement in order to secure new financing.
Why Gold’s Safe-Haven Demand Remains Tepid
Gold is often touted as the safe-haven asset that investors embrace in times of economic and political uncertainty.
Eurozone Agreement: Greece to Receive up to $96 Billion
On July 13, the Greek saga hit another milestone. Eurozone ministers reached a unanimous agreement to bail Greece out again.
European Derailment? The Repercussions of a Grexit
Greece’s exit from the Eurozone (or “Grexit”), if it does happen, could have serious consequences.
Must-Know: Who Owns Greece’s Debt?
Greece’s debt is mostly held by its official creditors (which can be easily recapitalized)—not the private sector.
European Banks Seem Well Positioned to Tackle Greek Risk
Better capital adequacy ratios mean that European banks are well equipped to deal with any default from Greece.
Why Greece Isn’t Likely to Threaten Global Markets Long-Term
Russ explains why the situation in Greece likely doesn’t pose a longer-term threat to the global economy or financial markets.
The Greek Referendum That Shook the World
For the past week, the Greek referendum has been a major source of volatility and worry for global markets. Referendum results came in on Sunday, July 5, and the Greeks gave a resounding “no” to the bailout terms.
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.
It’s the Final Countdown for Greece—Again!
Eurozone ministers gave Greece until yesterday to come up with a concrete bailout proposal. Greece submitted its plan two hours before Thursday’s midnight deadline. The plan will be discussed in an emergency Eurozone summit on Sunday.
Greek Debt Crisis Lends to Volatility in Global Stock Markets
The Greek debt crisis has raised fears of Grexit and is lending to increased volatility in the European (VGK) (FEZ) (HEDJ) as well as global (ACWI) financial markets.
Eurozone Displays Muted Reaction to the Greek Referendum Vote
The links between other Eurozone countries and Greece are modest. Exports to Greece—excluding Cyprus—represent less than 0.5% of Eurozone exports.
Could Russia or China Rescue Greece from Bankruptcy?
On June 19, Russia and Greece signed a preliminary agreement for “cooperation on a pipeline that will bring Russian gas to Europe through Greece and Turkey.”
Bulls and Bears Make Money, But Do PIIGS or PIIS Get Slaughtered?
The troubled PIIGS countries—Portugal, Italy, Ireland, Greece, and Spain—have been suffering from financial sustainability concerns about large fiscal deficits and stagnated growth.
Greece Will Continue to Be a Source of Headline Risk
Looking forward, Greece will continue to be a source of headline risk. My short- and long-term outlook for Greece helps explain why: Short-term outlook: A deal is still the most likely scenario, but there’s no easy path to get there Market expectations for an imminent resolution took a nosedive over the weekend. Greek prime minister […]
The Greek Debt Crisis Refuses to Go Away
Greek Prime Minister Alexis Tsipras walked away from negotiations this weekend and called for a referendum from his people on July 5. This surprising turn of events has sharply raised the probability of a Grexit.
The Seemingly Never-Ending Greek Debt Saga at a Tipping Point
The seemingly never-ending Greek debt (GREK) saga continues to play out, complete with twists, turns, and obstacles à la typical potboiler.
Eurozone Consumer Confidence Unmoved by Greek Crisis, VGK Rises 2.33%
Eurozone consumer confidence is steady in June despite the ongoing debt crisis in Greece.
Eurozone Free of Deflation yet Weighed Down by Grexit Concerns
According to the latest reports, the Eurozone’s inflation rate was 0.3% in May. Gains in the Eurozone inflation rate are being led by services, food, alcohol, and tobacco.
Points of Contention: The Restructuring and Reform Dilemma
There are several major points of contention related to the structural reforms. Money may change hands before they’re resolved.
Market Paradox: Stocks Reach Record Highs Despite Headwinds
We’ll explore whether record highs signal a top for equity markets or whether there’s still some room for growth in the current bull market.
Points to Remember When Investing in Europe
This article discusses three key points to remember when investing in Europe (VGK) (EZU).
GREK down 2.5% on Fears of a Grexit, Eurozone up 0.33%
The Greece-tracking Global X FTSE Greece 20 ETF (GREK) was down 2.48% amid renewed fears of a Grexit. Greece faces an inverted yield curve.
Germany’s Business Climate Index Up for Fifth Straight Month
There seems to be increased optimism among Germans with respect to business development in the Eurozone’s strongest economy.
What’s Causing the US Dollar to Strengthen?
The strength in the US dollar is because of divergence in central bank policies. The US dollar is strengthening against most of the major currencies.
Greece prolongs its stay in negative inflation territory
Greece is the most indebted country in Europe. Its economy is plagued with low economic momentum, rising unemployment, rising debt, and negative inflation.
Greece pledges fiscal and structural measures
In order to secure a four-month extension to its bailout loan, Greece (GREK) pledged to undertake certain reforms, including fiscal and structural measures.
Greece agrees to key reforms in its bailout extension
Greece’s economic and structural reforms in its bailout extension are intended to bring about a compromise between Greece’s creditors and Greece’s government.
Eurozone grants bailout extension to Greece
Europe-tracking ETFs gained significantly from February 19 to February 24, when the bailout extension to Greece was approved.
Greece reaches agreement with its Eurozone creditors
On Friday, February 20, Greece (GREK) managed to get an agreement with its Eurozone creditors for a four-month extension on its loan.