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.
With a corporate tax rate equal to 20% versus 35% in the United States, Chile’s low tax regime is good enough to lure foreign investment into the economy.
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.
The Spanish economy contributes about 2.0% toward global gross domestic product, and the manufacturing sector accounts for 13% of the country’s economy.
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.
The banking industry fell 3.8% on January 25, 2016. The continuous fall in crude oil prices was the main reason behind banking stocks’ poor performance.
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).
Repsol emerged as FEZ’s biggest gainer among all the stocks, rising 6.9% on January 22, 2016. The rise in crude oil prices is the main reason behind Repsol’s top performance.
The ECB (European Central Bank) decided to keep its key interest rate unchanged at 0.05% in its monetary policy review meeting on January 21, 2016. The deposit rate remained unchanged at 0.3%.
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
FEZ’s auto manufacturing industry provided a return of 0.13% on January 19. Volkswagen, Daimler, and BMW returned -0.02%, 0.78%, and -0.34%, respectively.
\let’s analyze the industries that drove the performance of the SPDR Euro Stoxx 50 ETF (FEZ) and the iShares MSCI EMU Index ETF (EZU) on January 19, 2016.
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.
Deutsche Bank returned 2.9% on January 11, 2016. It’s currently trading at 20.86 euros. Its 52-week high is 33.42 euros, and its 52-week low is 20.45 euros.
The service sector makes up for about 75.1% of the Spanish economy. According to Markit, Spain’s service sector PMI declined by 1.6 points in December to 55.1, compared to 56.7 in November.
According to J.P. Morgan and Markit, the global services business activity index declined by 0.8 points in December to 53.1. The composite PMI output index fell to 52.9 in December.
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 SPDR Euro Stoxx 50 ETF’s (FEZ) personal care industry provided a return of 16% in 2015. The personal care industry benefits from lower crude oil prices.
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.
FEZ’s bottom stocks were Repsol, Banco Santander, Telefonica, Total, Airbus, Orange, and Unilever. Most of them are part of the telecommunication industry.
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.
In the US banking industry, Bank of America (BAC), Citigroup (C), J.P. Morgan (JPM), and Wells Fargo (WFC) rose 1.9%, 2.6%, 2.2%, and 1.7%, respectively, in yesterday’s trade.
On December 15, 2015, Sanofi was the top stock of the SPDR Euro STOXX 50 ETF (FEZ). It rose by 5.3%. Among all of the stocks, Sanofi had the highest return.
Among all the stocks, banking stocks emerged as FEZ’s biggest losers. The European Central Bank (or ECB) has assigned UniCredit a new capital target of 10% for 2016.
The SPDR Euro STOXX 50 ETF (FEZ) and the iShares MSCI EMU ETF (EZU) closed on a negative note on Thursday, December 10. But the Wisdom Tree Europe Hedged Equity ETF (HEDJ) rose 0.4%.
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 December 7, the stocks at the bottom of the SPDR Euro Stoxx 50 ETF (FEZ) were Repsol, Eni (EAA), Total (TOT), Banco Santander (SAN), and Deutsche Bank (DB).
FEZ’s auto manufacturing sector provided the highest return of 39% in November. Stocks such as Volkswagen (VLKAY), Daimler (DDAIF), and BMW returned 21%, 8%, and 11%, respectively.
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.
UK home prices increased by 0.1% in November compared to 0.5% in October 2015. Even the annual pace edged down to 3.7% in November 2015 compared to 3.9% in October 2015.
Anheuser-Busch pushed the SPDR Euro Stoxx 50 ETF (FEZ) up with a 1.5% gain. Currently, the stock is trading at 118.10 euro. Its 52-week high is 119.65 euro.
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.
On November 16, 2015, most global markets closed on a positive note. After a continuous fall in the last three sessions, the markets gained some strength.
On November 12, 73% of the portfolio holdings of the SPDR Euro Stoxx 50 ETF closed above their 50-day moving average as compared to 84% on November 11.
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.
The SPDR Euro Stoxx 50 ETF (FEZ) is an important gauge of the European equity market. On November 11, the fund closed at $36.01, up by 0.28% from the previous trading session.
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.
