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iShares Core MSCI Europe ETF

IEUR tracks a market-cap-weighted index of developed European securities.

JPMorgan BetaBuilders Europe ETF

Global X DAX Germany ETF

Xtrackers MSCI Europe Hedged Equity ETF

Xtrackers MSCI Eurozone Hedged Equity ETF

Xtrackers MSCI Germany Hedged Equity ETF

WisdomTree Europe SmallCap Dividend Fund

WisdomTree Germany Hedged Equity Fund

WisdomTree Europe Quality Dividend Growth Fund

ProShares MSCI Europe Dividend Growers ETF

iShares MSCI Europe Financials ETF

WisdomTree Europe Hedged SmallCap Equity Fund

iShares MSCI Germany ETF

iShares MSCI Germany Small Cap ETF

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

First Trust Germany AlphaDEX Fund

UBS AG FI Enhanced Europe 50 ETN

Franklin FTSE Europe ETF

Franklin FTSE Europe Hedged ETF

Franklin FTSE Germany ETF

First Trust IPOX Europe Equity Opportunities ETF

Goldman Sachs ActiveBeta Europe Equity ETF

WisdomTree Europe Hedged Equity Fund

iShares Currency Hedged MSCI Germany ETF

iShares Currency Hedged MSCI Eurozone 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

The minutes of the ECB's September meeting delivered a couple of interesting insights. Though quantitative tightening currently looks unlikely, it will come eventually.

Is Quantitative Tightening Really Coming To The Eurozone?

iShares Core High Dividend ETF

JPMorgan Equity Premium Income ETF

SPDR Portfolio S&P 500 ETF

Invesco S&P 500 Low Volatility ETF

Vanguard S&P 500 ETF

Vanguard Value ETF

Vanguard High Dividend Yield ETF

When you see the largest ETF, the SPDR S&P 500 ETF (SPY), down more than 20% year-to-date in late September, and with an industry-leading $23 billion of net outflows you might think investors are pulling back on ETF adoption.

ETF Growth Continues Despite Tough Market

Equity risk premiums are 5.5% historically and reference rates could get as high as 6%. Assuming no earnings growth, earnings yield is a good return metric.

IEUR Shows That Europe Is Nearing A Bottom

Xtrackers MSCI EAFE Hedged Equity ETF

WisdomTree Japan Hedged Equity Fund

iShares MSCI Emerging Markets ETF

iShares MSCI EAFE ETF

iShares MSCI Japan ETF

iShares Currency Hedged MSCI EAFE ETF

iShares Currency Hedged MSCI Japan ETF

Performance is outstripping unhedged peers.

Currency-Hedged ETFs Shine on Strong Dollar

The Eurozone economic downturn deepened in September, with business activity contracting for a third consecutive month, according to preliminary survey data.

Eurozone Downturn Deepens In September As Price Pressures Intensify

We think the energy crisis will spur a recession in Europe. The ECB is trying to fight inflation without recognizing the costs.

Energy Shock Spurs Europe's Recession

The S&P Global Eurozone Manufacturing PMI fell to 49.6 in August, down from 49.8 and further beneath the 50.0 mark that separates growth from contraction. Weak demand and efforts to reduce high inventory levels are therefore combining to drive production lower in the months ahead.

Eurozone Manufacturing Downturn Set To Gather Pace As Inventories Accumulate At Record Pace

Unemployment fell from 6.7% to 6.6% in July. Employment expectations from businesses are dropping moderately and the economy is moving towards recession at the moment.

Eurozone Unemployment Dropped To New Low In July

We're at a moment in time when Europe is trading very cheaply again. The US markets have been optimistic, and in their typical fashion, the industrial-dominated Europe still worries about recession and inflation.

IEUR Has Got That European Discount

High inflation and low unemployment will push up wage growth in 2022 and 2023. At the same time, labour productivity growth is expected to come down significantly.

Labor Costs Put Upward Pressure On Eurozone Inflation

The eurozone economy looks set to contract in Q3 as business activity slipped into decline in July and forward-looking indicators hint at worse to come in the months ahead. The seasonally adjusted S&P Global Eurozone PMI Composite Output Index fell from 52.0 in June to 49.4 in July, according to the 'flash' reading.

Eurozone Falls Into Contraction In July, Price Pressures Ease

The credit cocktail has changed after the European Central Bank announced a 50bp rate hike. Thus, we conclude credit is now looking more attractive due to lower rates and the value priced in.

Credit Cocktail Starting To Look More Attractive Based On Value And Lower Rates

Vanguard Extended Duration Treasury ETF

First Trust Long Duration Opportunities ETF

Invesco 1-30 Laddered Treasury ETF

Schwab Long-Term US Treasury ETF

SPDR Portfolio Long Term Treasury ETF

iShares 10-20 Year Treasury Bond ETF

iShares 20+ Year Treasury Bond ETF

Vanguard Long-Term Treasury ETF

PIMCO 25+ Year Zero Coupon US Treasury Index ETF

Europe is facing the risk of an energy shock-driven recession and periphery stress. That's why we think the ECB will stop hiking earlier than the Fed.

ECB May Limit Hikes As Recession Nears

The market now has more than a 50% probability attached to a 100bp hike from the Fed in July. We think this is overdone, and we think the bond market agrees with us.

Rates Spark: It's The ECB That's Behind The Pace, Not The Fed

ProShares UltraShort Euro

Invesco CurrencyShares Euro Trust

ProShares Ultra Euro

The EU – and the U.S., for that matter – are placing more energy sanctions on the Russian Federation, but it looks like they are self-defeating in nature. U.S. stocks have long ago traded below their March lows, but the initial DAX decline was much deeper and quite a bit more serious compared with anything we experienced in the U.S.

A Euro Deep Below Dollar Parity Is Now Likely

European debt ratios have barely budged since 2012. Some Eurozone countries, including Ireland, the Netherlands, Portugal, and Spain have spent the past decade deleveraging and their debt ratios have plunged.

The ECB And Mounting Eurozone Debt

The reason for the new concern over another euro crisis is clear: the ECB's announcement of normalising monetary policy; i.e., the end of negative interest rates, a potential further series of policy rate hikes and the end of net asset purchases.

Fears Of Another Eurozone Crisis Are Overblown

Market consensus expectations for real GDP growth rates in the EU and eurozone through 2023 look increasingly unrealistic. For the eurozone, our updated real GDP forecasts of 2.5% and 1.5% for 2022 and 2023 also remain below the market consensus expectations of 2.8% and 2.0%, respectively.

Europe's Road To Recession

Eurozone consumption is still experiencing a temporary bump from catch-up spending on services, although today's PMI figures are already starting to cast doubt on that view. This summer might still see some relief but after that, a consumption slump seems in the making.

The Eurozone's Consumer's Still Not Putting Their Money Where Their Mouth Is

The dynamics of higher inflation are mostly global in nature. The current environment is uncertain and the range of outcomes for European inflation remains wide.

European Inflation Update: Higher For Longer But Hedging Remains Well-Priced

At the press conference today, the European Central Bank tried to demonstrate a gradually accelerating hawkishness, keeping the door open to a series of rate hikes. Whether the ECB is now fully determined to bring inflation back to 2% as soon as possible or whether it will be a gradual process of policy normalisation remains unclear.

ECB Demonstrates Hawkishness

For the European Central Bank, the question is no longer if but when and by how much it will hike interest rates this summer. Once the rate lift-off has started, the next question will be how far the ECB can go.

How Far Is The ECB From The Phantom Neutral Level?

IEUR has trailed the SPY this year. Underlying conditions in Europe look unappealing.

iShares Core MSCI Europe ETF: Challenging Conditions, But Attractive Yield And Valuations

iShares MSCI Italy ETF

Franklin FTSE Italy ETF

In Europe, the tide of very easy money is about to go out at the very time that the Italian economy has been swimming naked. With the ECB's music of easy money about to end, the Italian government finds itself in dire straits.

Europe's Italian Economic Problem

Measured in standard deviation, inflation divergence in the eurozone has never been higher than it is now.

News for iShares Core MSCI Europe ETF ETF (IEUR)