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Franklin FTSE Europe ETF

FLEE tracks a market cap-weighted index of large- and mid-cap stocks in developed European countries.

JPMorgan BetaBuilders Europe ETF

Xtrackers MSCI Europe Hedged Equity ETF

Xtrackers MSCI Eurozone Hedged Equity ETF

WisdomTree Europe SmallCap Dividend Fund

WisdomTree Europe Quality Dividend Growth Fund

ProShares MSCI Europe Dividend Growers ETF

Direxion Daily FTSE Europe Bull 3X Shares

WisdomTree Europe Hedged SmallCap Equity Fund

iShares MSCI Eurozone ETF

First Trust STOXX European Select Dividend Index Fund

First Trust Europe AlphaDEX Fund

First Trust Eurozone AlphaDEX ETF

SPDR EURO STOXX 50 ETF

Franklin FTSE Eurozone ETF

First Trust IPOX Europe Equity Opportunities ETF

Goldman Sachs ActiveBeta Europe Equity ETF

WisdomTree Europe Hedged Equity Fund

iShares Currency Hedged MSCI Eurozone ETF

iShares Core MSCI Europe ETF

iShares MSCI Europe Small-Cap ETF

iShares Europe ETF

ALPS O'Shares Europe Quality Dividend ETF Shares

Pacer Trendpilot European Index ETF

First Trust RiverFront Dynamic Europe ETF

SPDR Portfolio Europe ETF

Vanguard FTSE Europe ETF

Like their peers in the US, European stocks enjoyed quite a rally over the last two months of the year. In early December the STOXX 600 broke out above the resistance of the summer highs, and while momentum has slowed in the last couple of weeks, earlier this week the index experienced a golden cross.

European Golden Cross

iShares MSCI Europe Financials ETF

The European Central Bank (ECB) kept its key policy rates on hold today for the second consecutive meeting. The interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility remain at 4.5%, 4.75% and 4.0%, respectively.

December ECB Meeting: A More Hawkish Stance Than The Fed

The ECB will almost surely keep rates on hold at the December meeting. The question is to what extent it will align with the market's aggressive pricing for rate cuts in 2024.

December's ECB Cheat Sheet: A Reality Check For Ultra-Dovish Expectations

The ECB hike cycle seems over, but the shockwaves of tightening will still shape the eurozone economy in 2024. Traditional lags in transmission are now accompanied by longer ones in average interest burden increases, potentially extending the impact of tightening.

2024 Set To Be The Year That The ECB Hike Cycle Is Felt

Next week's challenge for the European Central Bank is how to keep all options open without sounding too dovish but also not too detached from reality. The weak macro economic backdrop no longer justifies rate hikes, even for the hawks.

ECB Preview: The Long Dovish Shift

Slowing inflation, a cooling labour market, and lower expected corporate revenues make a peak in wage growth before the middle of next year likely. While the European Central Bank waits for clarity, this should open the door to earlier rate cuts than currently expected.

Eurozone Wage Growth Is Set To Peak Soon

Real GDP growth was minus one percent for the third quarter, while the PMI Index, a measure of economic health, has been in contractionary territory since the middle of this summer. Draghi's concerns about the Eurozone's economic prospects center on the fear that the region is falling further behind both the US and China in terms of global competitiveness.

Europe's Ongoing Malaise

Rising wages and higher incomes are boosting Europe's economic recovery, but policymakers may face challenges due to population aging and shrinking workforce. Demographics and shorter working weeks mean employers face fierce competition to find qualified workers and must pay more to retain them.

Europe's Wage Rises Are Aiding Recovery But Economies Face Risks

Eurozone growth turned negative in the third quarter and the next two quarters don't look very promising either. With inflation declining, the case for an additional rate hike is disappearing.

The Eurozone Is Flirting With Recession

Businesses report a slight tick-up in selling price expectations, but hard data still looks benign. Decline in the Economic Sentiment Indicator in October came as no surprise after the PMI had already dropped further into contraction territory.

Eurozone Economy Braces Itself For Prolonged Sluggishness

The European Central Bank increasingly seems to embrace the idea that the peak in policy rates has already been reached. After 10 consecutive hikes, the ECB's decision to leave policy rates unchanged should have been an easy one.

ECB: A Dovish Pause Now, A Peak Soon

With the exception of a brief period of growth during the opening quarter of 2023, euro area manufacturing output has decreased continuously since the middle of 2022. The downturn in new orders and the accelerated depletion of backlogs of orders prompted firms to reduce employment for the first time since January 2021.

Rising Recession Risks As Eurozone Flash PMI Falls In October, Price Pressures Ease Further

If anything, developments since the September meeting have made it even easier for the European Central Bank to pause at its next meeting. As much as the ECB has tried to keep the door to further rate hikes open since the September decision, recent developments have clearly complicated this position.

ECB Preview: The Best Moment To Pause

Tighter monetary policy is starting to work. Alternatives would be more costly. So far, so good. These words are probably a fair assessment of Europe's progress thus far in its struggle against inflation.

Europe Must Succeed In Restoring Price Stability

Eurozone business activity remained in contraction at the end of the third quarter of the year, as an increased rate of loss of orders led to a further decline in activity. The overall reduction in output was again led by manufacturing, but the service sector saw activity decrease for the second month running.

Eurozone Flash PMI Fuels Further Downturn Worries As Demand Weakness Intensifies

The ECB just announced its tenth consecutive policy rate hike since July last year, hiking all interest rates by 25bp. Higher inflation and inflation forecasts look like the main drivers of the hike.

ECB Announces Final Rate Hike

ProShares UltraShort Euro

Invesco CurrencyShares Euro Trust

ProShares Ultra Euro

Markets are torn. Will the ECB hike this week or not?

ECB Cheat Sheet: Is A Hike Hawkish Enough?

Inflation in the eurozone did not fall in August, which could tip the ECB in favour of a final 25bp hike at the governing council meeting in two weeks' time. Still, overall inflation dynamics remain relatively benign, and we still expect inflation to trend much lower at the end of the year.

Eurozone Inflation Stagnates Ahead Of ECB September Meeting

Eurozone business activity contracted at an accelerating pace in August, according to the latest flash PMI survey data. The overall rate of input cost inflation and selling prices remained indicative of consumer price inflation running at an annual rate of 3% in the coming months.

Eurozone Downturn Deepens According To Flash PMI But Inflation Pressures Tick Higher

Another weak PMI for the eurozone confirms a sluggish economy with recession as a downside risk. Inflation pressures for services remain stubborn as wage pressures continue to be a concern.

Eurozone PMI Paints Worrisome Growth Picture

As the ECB has been putting increasing emphasis on the recent readings of underlying inflation, it is more important to look at the short-term dynamics than at the year-on-year figures. While some easing of inflationary tensions is indeed observable, it would be premature to exclude another rate hike.

The 'Real' Dynamics Of Core Inflation In The Eurozone

Franklin FTSE Europe Hedged ETF

The CPI for services spiked by 5.6% in July, compared to a year ago, up from 5.4% in June and 5.0% in May, another record in the data going back to 1997, according to Eurostat today. “Core” CPI (without food and energy products that consumers buy) remained at 5.5% in July, same as in June, and up from 5.3% in May.

Runaway Services Inflation In Euro Area Spikes To Record. Core CPI Stays Near Record

Global X DAX Germany ETF

Xtrackers MSCI Germany Hedged Equity ETF

WisdomTree Germany Hedged Equity Fund

iShares MSCI Germany ETF

iShares MSCI Germany Small Cap ETF

iShares MSCI France ETF

First Trust Germany AlphaDEX Fund

Franklin FTSE France ETF

Franklin FTSE Germany ETF

iShares Currency Hedged MSCI Germany ETF

The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index, based on approximately 85% of usual survey responses, dropped from 49.9 in June to 48.9 in July, its lowest since last November. The dearth of new orders meant backlogs of work fell at an increased rate as companies often relied on previously placed orders to support current operating levels.

Eurozone Flash PMI Signals Cooling Inflation Amid Rising Recession Risks

Higher interest rates soon would prevent more economic pain later. The European Central Bank could prevent inflation expectations from becoming unmoored and drifting upwards by continuing to raise its policy rate.

Europe Should Tighten Monetary Policy Further

The European Central Bank looks set to hike rates by 25bp on Thursday. With the bleak economic outlook and disinflation gaining traction, however, the end to rate hikes is near.

News for Franklin FTSE Europe ETF ETF (FLEE)