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Summary Despite outperforming US banks by 2.5x over the last three months, European financials trade at a significant discount on a P/BV basis. The rate environment bodes well for the NII trajectory but risks related to the asset book should not be dismissed. In the short term, EUFN...
Summary European credit has started 2023 with a bang. In the aftermath of the invasion of Ukraine, the vulnerability of Europe’s energy ecosystem has been one of the principal concerns for European corporate issuers. Europe’s more open economy arguably benefits more fr...
Summary We expect rates to stabilize in the second half of this year and fall later in 2023 or early 2024. Overseas buyers’ reduced appetite for euro sovereign issues is a further potential concern. Sovereign-bond valuations across the European periphery have realigned. ...
Summary European financials should benefit from ECB rate normalization. EUFN weighted EPS could grow 20% in 2023. While valuation is still low at 5.9x PE and .9x P/BV. Summary iShares MSCI Europe Financials Sector Index ETF ( EUFN ) holds European financial stock (...
Summary European bank stocks, believe it or not, are not far from decade-highs (total return) after a historic Q4 run up. 3rd-ranked NatWest Group has been one of the industry leaders. Should the UK sidestep a recession, there could be more upside in this de-risk financials stock. ...
Summary As expected, despite an overhang of risk from the pandemic, global banking sectors again avoided major crises in 2022. The combination of higher interest rates, tighter liquidity conditions, and risk aversion against a background of weaker global economic growth will slow credit...
Summary European bond-market performance was among the worst on record in 2022, as Europe ran the gamut of geopolitical, economic, and market storms. Across both investment grade and high yield, credit spreads are above average and absolute total yields look attractive. We expect th...
Summary Purchasing Managers' Index from S&P Global provides a unique insight into worldwide economic trends, allowing the analysis of business activity by detailed sector in the world's principal regions. S&P Global PMI surveys recorded a fifth month of contracting worldwide bus...
Summary More cautious investors may want to wait before celebrating the drop in German inflation, lest they face a rising tide of core inflation. Headwinds to bond performance remain, especially for those denominated in euros. The Fed minutes might not fulfil all of the markets ...
Summary Today’s high prices may well lead to tomorrow’s low prices, and tomorrow may arrive sooner than many feared. Asynchronous reopening is set to bedevil the global economy for at least another year. Broad housing market activity during much of 2022 suggests that w...
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2024-07-11 07:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-01 08:06:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 18:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...