EWP News and Press, iShares Inc MSCI Spain From 09/02/23

2023-09-02 00:17:00 ET Summary The service sector, which had been sustaining the Eurozone economies, is reported to be driving the August declines, while the rate of contraction in manufacturing slowed. As a result of the ECB’s monetary tightening – that is, the incr...

2023-08-19 06:40:25 ET Summary Low-multiple financials in Spain bring down the PE for EWP to an attractive level. In particular, Santander, while exposed to some risks in the European economy, is increasingly well-positioned in investment banking. At the moment, NIMs continue ...

2023-08-08 14:53:58 ET Summary Single family housing conditions are picking up, but the remodeling market is faltering. WY's EWP segment looks poised to have another resilient quarter, although the export market could be weak. WY offers decent EBITDA growth relative to its pee...

2023-08-01 14:00:00 ET Summary The S&P 500-tracking ETF finished July up 3.27%, leaving it up 20.62% YTD on a total return basis. Looking at US sectors, Energy and Financials did the best in July, while Health Care and Real Estate were up the least. Outside of the US, we s...

2023-07-31 14:45:00 ET Summary GDP growth beat expectations at 0.3% quarter-on-quarter in 2Q, but underlying weakness remains significant. For the data-dependent ECB, this GDP reading will not be a dovish argument at the September meeting, leaving a further hike on the table. ...

2023-07-26 11:00:58 ET Summary Although Banco Bilbao Vizcaya Argentaria, S.A. is a Spanish bank, I mostly buy it for its significant exposure to Latin America and Turkey. The bank's greatest risk may be a decline in the Mexican Peso, just as a strong Peso has likely been one of it...

2023-07-10 03:36:00 ET Summary After making a new 2023 high on Monday, the market spent the next three days backing and filling. For the week, it was down 1.2%. We are now in a Golden Cross configuration, with the 50-day above the 200-day. The best performer last week (and the...

2023-07-05 21:52:00 ET Summary The Spanish housing market has experienced a notable decline recently. However, despite the sharp rise in interest rates, there are enough mitigating factors that make a soft-landing scenario likely. We forecast 1% average price growth this year ...

2023-07-05 03:30:00 ET Summary Like other central banks, the Fed should reinforce its higher for longer message in today’s minutes. We’re not sure longer-dated rates should care, but even 5Y5Y rates trade like policy divergence is here to stay. Services PMI for E...

2023-06-08 10:21:15 ET Summary The iShares MSCI Netherlands ETF has done reasonably well since its inception 27 years back. The macro picture looks rather underwhelming at this juncture. EWN is currently trading at a premium compared to other country-specific ETFs from Europe'...