According to IDC estimates cited by The Wall Street Journal, banks worldwide will spend $12 billion on public cloud services per year by 2021, compared with $4.0 billion in 2017.
The JPMorgan Intrepid European Fund Class A has fallen 7.6% year-to-date, making it the worst performer in the group of 12 funds chosen for this review.
The Europe 30 ProFund – Investor Class (UEPIX) fell 1.5% in 1Q16, ranking it fourth among the 12 funds in this review. In the past one year, the fund has fallen 10.5%.
Brazilian stocks have had a great 2016 so far. But the year began on a somber note for Brazil with stock markets around the world gripped by volatility.
The iShares MSCI Europe Financial Sector ETF (EUFN) seeks to track the performance of an index composed of developed market European (FEZ) equities in the financials sector.
The euro was first introduced at midnight on January 1, 1999, in non-physical form. The aim of the Eurozone was to have a common currency for 19 of the 28 participating EU nations.
Philips posted strong quarter earnings, with a profit rise of 55%. In 2015, it posted sales of 24.2 billion euros, compared to 21.4 billion euros in 2014.
Carrefour (CRRFY) emerged as one of FEZ’s top performers on January 22, 2016. It came in behind Repsol and ahead of Telefonica (TEF), Orange (ORAN), Banco Santander (SAN), and Total (TOT).
With the reading above neutral, the Eurozone continued its upturn in business activity. Though at a 12-month low, the services PMI rose to 53.6 in January
Portugal’s bond yields have been diverging from the rest of Europe. The Bank of Portugal reassigned five of Novo Banco’s senior bonds to Banco Espirito Santo.
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.
The stocks at the bottom of the SPDR Euro Stoxx 50 ETF (FEZ) were Banco Santander (SAN), Volkswagen (VLKAY), Repsol, Telefonica (TEF), and Deutsche Bank (DB).
The Turkish lira fell against the US dollar on December 22. It fell after an unexpected move by the Turkish central bank to keep interest rates steady at 7.5%.
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.
The euro appreciated against the US dollar on December 21. The political parties in Spain are working to form a stable government after historic election results.
On Tuesday, December 8, 2015, All of FEZ’s major losers belonged to the banking industry. All the banking stocks were trading below their respective moving averages.
On a yearly basis, GDP growth in 3Q15 for Spain stands at 3.4% compared to 3.2% in the previous quarter. GDP growth was mainly attributed to an increase in domestic demand.
On November 17, 68% of the portfolio holdings of the SPDR Euro STOXX 50 ETF (FEZ) closed above their 100-day moving averages, up from 46% on November 16.
Although FEZ has been moving below its 100-day and 20-day moving averages in the last three trading sessions, it didn’t fall below its 50-day moving average.
As of November 10, FEZ, a Eurozone equity-tracking ETF, had fallen in the last five trading sessions. That day, it closed at $35.91, a 0.42% fall from the previous trading session.
On November 11, 76% of the portfolio holdings of the SPDR Euro Stoxx 50 ETF (FEZ) closed above their 100-day moving average as compared to 73% on November 10.
On November 3, 2015, 93% of the portfolio holdings of the SPDR Euro Stoxx 50 ETF (FEZ) closed above the 50-day moving averages, and 83% closed above the 20-day moving averages.
The SPDR Euro Stoxx 50 ETF (FEZ) reflects the performance of the 50 largest companies in the Eurozone. On November 3, the fund closed at $36.93, down by 0.32% from the previous trading session.
With an easing in the service sector, Spain’s unemployment rose by 82.3 thousand in October against a rise of 26.1 thousand in September. This is the highest since October 2013.
Relative value in Europe has been strengthened by the ECB’s Asset Quality Review, the depreciation of the euro, and the inherent fundamental strength of the European economy and cheaper energy prices.
The FEZ ETF rose by ~1.4% in the October 22 trading session after the ECB statement. The top performing industries were banking, transportation, and REIT.
Spain is one of the fastest-growing regions in the Eurozone. However, its increasing unemployment rate has become the biggest concern for the country’s policymakers.
The Household and Non-Profit Institutions Serving Households saving ratio was estimated to be 4.70% in the second quarter—compared to 4% in the first quarter.
For our study on the impact of the crisis on Europe-focused mutual funds, we selected three mutual funds that have had a long history and have seen several market cycles.
With 516 holdings, the top three sectors invested in by the Vanguard European Stock Index Fund were financials, healthcare, and consumer staples, with exposures of 23.3%, 13.9%, and 13.6%, respectively.
The euro drove downward against the US dollar as Mario Draghi, president of the European Central Bank (or ECB), hinted at increasing the stimulus program to spark growth in the European economy.
Since the ’80s and ’90s, Latin American banks have stabilized. Today, the largest banks in Latin America are concentrated in two countries: Brazil and Mexico.
The troubled PIIGS countries—Portugal, Italy, Ireland, Greece, and Spain—have been suffering from financial sustainability concerns about large fiscal deficits and stagnated growth.
The principal products represented 92% of Amgen’s worldwide product sales for the first half of 2014. Total product sales in 3Q14 rose 4% year-over-year, mainly driven by Kyprolis, Prolia, Neulasta, and Xgeva.
