HFXE News and Press, IQ 50 Percent Hedged FTSE Europe ETF IndexIQ ETF Trust From 07/19/19

By Philip Lawlor, managing director, global markets research, Robin Marshall, director, fixed income research ECB President Draghi recently stated his concerns about the slowdown in the eurozone economy and noted that the ECB still has plenty of scope to expand its QE asset purchase progra...

Some of the euro area's junk-rated corporate debt is now trading at negative yields, and over 15% of near-junk debt is also charging the lenders to provide cash to financially weaker companies: Source: WSJ While the overall stock of negative-yielding debt (sovereign and corporate) is now...

By Bert Colijn , Senior Economist, Eurozone Industrial production is likely to have increased in May, but don’t let the numbers fool you. Without an improved trade outlook, manufacturing could be in for a weak second half of the year. As long as employment remains stable, howe...

Industrial production in the eurozone rose sharply in May, but survey data indicate that the improvement will be short-lived. Official Eurostat data showed industrial production surging 0.9% in May, rebounding after declines in the prior two months. The narrower definition of manufacturing o...

By Bill Witherell, Ph.D. Just days after US President Trump announced a ceasefire and resumption of trade negotiations with China, the US Trade Representative proposed new tariffs on 89 European Union ((EU)) goods worth $4 billion. These levies are in response to concerns about aircraft su...

The Basic British Problem The basic problem with the British economy at the moment in Brexit. When is the country going to leave the European Union? On what terms? Will it, actually, really leave? All of these lead to uncertainty and uncertainty can be a right killer for economic growth. So,...

Monetary policy since the GFC of 2008 has been characterised by the near-zero (and even negative) policy rates, negative bank rates, negative Government debt yields and rampant asset price inflation. The result has been zombification of the advanced economies. Here is the latest advanced est...

The Event The President of Turkey, Recep Erdogan, has fired the central bank Governor. As a result Turkish bond prices have slipped, yields have risen. The Lira has fallen on the FX exchanges, the stock market is slipping - all the signs of the markets thinking this is a bad idea. And it is ...

Musings Another month, another head snapping reversal. After the crowing of the "sell in May and go away crowd" (May 2019 S&P 500 returns of -5.2%), June was a barnburner with a 6.9% gain (and I'll bet none of the market timers who urged you to get out are apologizing for their terribl...

These macroeconomic numbers The reason we look at these varied macroeconomic statistics is that we want to know, divine, if and when the economy is going to turn. We know very well that we've not abolished the business cycle and quite clearly we want, as investors, to be differently orientat...