iShares Inc iShares MSCI Spain ETF (ARCA: EWP)

Dernières nouvelles pour iShares Inc iShares MSCI Spain ETF (ARCA:EWP)

iShares Inc iShares MSCI Spain ETF

iShares MSCI Spain Capped Index Fund

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The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts representing securities in its underlying index. The underlying index is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights so that no single issuer exceeds 25% of the underlying index weight, and all issuers with a weight above 5% do not cumulatively exceed 50% of the underlying index weight. The fund is non-diversified.

Banco Santander S.a.

Ferrovial Se

iShares MSCI Spain ETF

EMERGING WORLD PHARMA INC by Emerging World Pharma, Inc.

Emerging World Pharma Inc

EAST WEST PETE ORD by East West Petroleum Corp.

East West Petroleum Corp

WIIM

Shares of major European indexes are trading higher after the US and China announced retaliatory tariffs directed at each other, which may redirect greater trade flows to the EU region. Additionally, European indexes may be trending higher on the continuation of capital flows rotating out of American equities year-to-date.

Shares of major Europe-related ETFs are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

Shares of major Europe-related ETFs are trading lower as investors await new auto tariff announcements by U.S. President Trump on Wednesday

Shares of major Europe-related ETFs are trading higher after the German parliament passed debt reforms which is expected to lead to an increase in defence and infrastructure spending.

Shares of major Europe-related ETFs are trading higher after German lawmakers reportedly made progress toward an agreement on reforming the country's so-called debt brake rule.

Shares of major Europe-related ETFs are trading lower amid global investor concerns regarding U.S. tariffs and trade policies, which is leading to bearish sentiment in markets.

Shares of Europe-related ETFs are trading higher after Germany announced a new $500 billion stimulus package.

Shares of Europe-related ETFs are trading higher as defense stocks surge following European leaders' peace plan talks and defense spending pledge.

Shares of Europe-related ETFs are trading higher amid reports Trump and Putin will "start negotiations immediately" over Russia and Ukraine, resulting in greater optimism toward equities in the region

Shares of Europe-related ETFs are trading higher following Trump's inauguration as global investors weigh the new administration's economic policies.

<a href="https://www.reuters.com/world/europe/spain-probes-unidentified-holiday-home-renting-platform-listings-without-2024-12-18/" title="https://www.reuters.com/world/europe/spain-probes-unidentified-holiday-home-renting-platform-listings-without-2024-12-18/">https://www.reuters.com/world/europe/spain-probes-unidentified-holiday-home-renting-platform-listings-without-2024-12-18/</a>

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ABNB

Reuters Earlier Reported 'Spain Probes Holiday Home Platform In Crackdown On Tourism Rentals'

Investors on <a href="https://www.benzinga.com/topic/wall-street">Wall Street</a> are bleeding red, white and blue, pouring money into American equities already trading higher than their European counterparts. 
The Data: A <a href="https://x.com/MikeZaccardi/status/1869029356884078993">post</a> on X from Mike Zaccardi relayed data from the Bank of America fund manager survey.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BofA FMS: 4th biggest overweight of US relative to Eurozone equities since 2001 <a href="https://t.co/zouKCD0Zxb">pic.twitter.com/zouKCD0Zxb</a>
&mdash; Mike Zaccardi, CFA, CMT &#x1f356; (@MikeZaccardi) <a href="https://twitter.com/MikeZaccardi/status/1869029356884078993?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">The survey found fund managers&#8217; portfolios are significantly overweight American companies compared to European companies at a rarely seen mark. The last time such a pattern was observed was in the aftermath of the <a href="https://www.benzinga.com/topic/european-debt-crisis">European debt crisis</a> in the early 2010s.</figcaption></figure>
Meanwhile, the valuations of American companies are several standard deviations higher than European equities, <a href="https://x.com/porterstansb/status/1863619200037634296">according</a> to Bank of America.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The last time U.S. stocks were this overvalued versus the rest of the world was&#8230; well, never. <a href="https://t.co/tozSaNizrp">pic.twitter.com/tozSaNizrp</a>
&mdash; Porter Stansberry (@porterstansb) <a href="https://twitter.com/porterstansb/status/1863619200037634296?ref_src=twsrc%5Etfw">December 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">American exceptionalism in equity pricing has never been higher; positive market sentiment in American companies relative to Europe accelerated in the mid-to-late 2010s and continued to the present day. </figcaption></figure>
Country Data: American companies have yielded hefty gains in recent years. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the 500 largest American companies, added more than 200% to its market value in the past 10 years, an annualized return of nearly 12%.
Meanwhile, European indices — and respective economies — have struggled.
The France-tracking iShares MSCI France ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>) returned 46% in that time period, good for an annualized return of under 4%. The German-tracking iShares MSCI Germany ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWG#NYSE">EWG</a>) returned 18%, an annualized return of 1.68%. The Italian iShares MSCI Italy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWI#NYSE">EWI</a>) has returned around 24%, an annualized return of about 2.12%.
Other countries have fared worse. The Britain-tracking iShares MSCI United Kingdom ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWU#NYSE">EWU</a>) has shed over 9% since 2014. The Spanish iShares MSCI Spain ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWP#NYSE">EWP</a>) has lost over 12% of its market value in that time span. Both countries&#8217; annualized returns are close to zero percent. 
European Outliers: A few countries have far outperformed the rest of the European continent in recent years.
iShares MSCI Denmark ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/EDEN#BATS">EDEN</a>) returned over 138% since 2014, an annualized return of over 9%. The Danish economy has apparently benefitted from its exposure to the pharmaceutical industry.
iShares MSCI Ireland ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIRL#NYSE">EIRL</a>) is up 70% in that period, an annualized return of about 5.43%. Ireland boasts a low corporate tax rate of 12.5% and high levels of foreign investment.
Why it Matters: It is unclear whether the trend of American exceptionalism in equities pricing will continue into the next decade. As their respective economies ease back into moderate economic growth, European countries may benefit from leadership changes.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/retail-sales/24/12/42535296/stocks-slip-as-strong-november-retail-sales-raise-concerns-over-2025-fed-rate-cuts">Stocks Slip As Strong November Retail Sales Raise Concerns Over 2025 Fed Rate Cuts</a></li>
</ul>
Photo: Varavin88 via Shutterstock

Sector ETFs

Broad U.S. Equity ETFs

Eurozone

Global

ETFs

EDEN

iShares MSCI Ireland Capped Investable Market Index Fund

EIRL

Investors Pour Money Into US Stocks, Shun Europe In Historic Fashion

Shares of Europe-related ETFs are trading lower after Donald Trump wins the 2024 presidential election.

Ongoing flooding in Eastern and Southern Spain has caused one of the<a href="https://www.benzinga.com/topic/climate-change"> worst humanitarian disasters</a> in the region in decades.
What Happened: At least 158 people have been killed by flooding caused by torrential rain on Tuesday night and Wednesday, <a href="https://www.bbc.com/news/live/ckmgmdxg254t">according</a> to the BBC. The damage is concentrated around the Valencia region. In some areas, the eight-hour rainfall matched a typical year&#8217;s worth of rain.
<a href="https://www.businessinsider.com/spain-flooding-51-dead-in-valencia-region-economic-hub-2024-10">According</a> to Business Insider, an early insurer estimate of economic damage caused by the storm &#8220;easily&#8221; exceeds 1 billion euros.
Spanish Prime Minister Pedro Sánchez told residents to stay at home as more rain is expected to fall on Friday.
&#8220;To the villages and cities destroyed by this tragedy, I say the same: Together, we will rebuild your streets, your squares, your bridges," Sánchez said in a televised address, <a href="https://www.nbcnews.com/news/world/spain-flash-floods-people-killed-valencia-rcna177979">according</a> to NBC.
Why it Matters: Increases in the frequency of extreme weather events are widely attributed to climate change.
The automotive industry is prominent in Valencia. 
Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has a large manufacturing plant in Almussafes, just south of Valencia. This facility is one of Ford&#8217;s key production sites in Europe. Significant flooding or infrastructure damage in this region could disrupt operations or logistics, potentially affecting Ford's production timelines.
Iberdrola SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/IBDRY#OTC">IBDRY</a>) is a large utility provider in Spain. <a href="https://www.nytimes.com/2024/10/30/world/europe/spain-floods-valencia.html?smid=tw-nytimes&amp;smtyp=cur">According</a> to the New York Times, the flood left 155,000 customers without power. General Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) does not have a manufacturing facility in the vicinity, though its partnership with Iberdrola and projects in Spain could cause some disruption.
Construction companies could stand to benefit from investment in the region following the cessation of the storm. Ferrovial SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FER#NASDAQ">FER</a>) and ACS Actividades De Construccion Y Servicios ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ACSAY#OTC">ACSAY</a>) are among Spain&#8217;s largest publicly traded construction companies.
Investors should also pay close attention to the Spain-tracking iShares Msci Spain ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWP#NYSE">EWP</a>) for any volatility in the coming days.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41262664/how-did-hurricanes-milton-helene-intensify-so-quickly-exxonmobils-scientists-warned-us-in-1977">How Did Hurricanes Milton, Helene Intensify So Quickly? ExxonMobil&#8217;s Scientists Warned Us&#8230; In 1977</a></li>
</ul>
Photo: Fernando Astasio Avila/Shutterstock.com

Equities

ACSAY

IBDRY

Deadly Floods Strike Spain: 5 Stocks To Watch As Prime Minister Vows To 'Rebuild'

DNUT

Krispy Kreme Announces Joint Venture With Glaseadas Originales To Bring Iconic Doughnuts To Spain In 2025; Plans To Open Hot Light Theater Shop In Madrid And Create Over 500 Points Of Access In Key Cities Including Madrid, Barcelona, Valencia, And Malaga

<a href="https://www.cnmc.es/prensa/incoacion-apple-20240724" title="https://www.cnmc.es/prensa/incoacion-apple-20240724">https://www.cnmc.es/prensa/incoacion-apple-20240724</a>

Legal

Tech

AAPL

Spain's CNMC Earlier Announced Investigation Of Apple For Possible Anti-Competitive Practices Related To App Store

<a href="https://www.oracle.com/news/announcement/oracle-to-invest-in-ai-and-cloud-computing-in-spain-2024-06-20/" title="https://www.oracle.com/news/announcement/oracle-to-invest-in-ai-and-cloud-computing-in-spain-2024-06-20/">https://www.oracle.com/news/announcement/oracle-to-invest-in-ai-and-cloud-computing-in-spain-2024-06-20/</a>

ORCL

Oracle to Invest More Than $1 Billion in AI and Cloud Computing in Spain

UBER

Stack Capital Group Announces Omio Extends Strategic Partnership With Uber Into Spain

Ferrovial SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FER#NASDAQ">FER</a>) shares are trading lower after the company divested a 5% stake in Indian firm IRB Infrastructure Developers (IRB) through its subsidiary <a target="_blank" href="https://static.ferrovial.com/wp-content/uploads/2024/06/11155408/pr-ferrovial-sells-5-stake-in-irb-infrastructure-developers.pdf" rel="noreferrer noopener">Cintra</a>.
The transaction amounted to EUR214 million, based on a EUR/INR exchange rate of 89.72.
The sale was conducted as a block deal or placement of 301.9 million shares with institutional investors on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) at an average price of INR63.60.
The estimated pre-tax capital gain from this transaction amounts to EUR130 million.
This move aligns with Ferrovial&#8217;s strategy in India, complementing its recent acquisition of a 24% stake in IRB Infrastructure Trust and capitalizing on the significant long-term growth prospects in the Indian market.
This sale will bolster the liquidity of IRB Infrastructure Developers shares. Ferrovial will retain its position as the second-largest shareholder, holding a 19.9% stake, and maintain representation on the Board of Directors.
Ferrovial concluded the first quarter with high liquidity levels of €4.9 billion and consolidated net debt of €(667) <a target="_blank" href="https://static.ferrovial.com/wp-content/uploads/2024/05/13231811/20240513-q1-2024-results.pdf" rel="noreferrer noopener">million</a>.
Investors can gain exposure to the stock via IShares Inc IShares MSCI Spain ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWP#NYSE">EWP</a>) and, ClearBridge Sustainable Infrastructure ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFR#NASDAQ">INFR</a>).
Price Action: FER shares are down 3.31% at $40.02 at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Asset Sales

Movers

INFR

Why Infrastructure Company Ferrovial Shares Are Falling Today

European equities ended Monday broadly positive, while the U.S. market was closed for <a href="https://www.benzinga.com/24/05/39027079/is-the-us-stock-market-open-on-memorial-day-why-the-s-p-500-could-end-the-year-on-a-high-note">the Memorial Day holiday. </a>
Traders maintained an overall positive risk sentiment on European assets, driven by near-total certainty that the European Central Bank (ECB) will deliver a rate cut at its June meeting.
Three key ECB members — chief economist Philip Lane, Finland Central Bank governor Olli Rehn and France Central Bank governor François Villeroy de Galhau — made reassuring statements indicating a rate cut is imminent.
<ul>
<li>&#8220;A June rate cut is appropriate if the inflation outlook holds,&#8221; Lane said. </li>
<li>&#8220;Inflation is converging to our 2% target in a sustained way, making it the right time in June to ease the monetary policy stance and start cutting rates,&#8221; Rehn said. </li>
<li>&#8220;Barring a surprise, a June rate cut is a done deal,&#8221; Villeroy said. </li>
</ul>
Traders now almost fully price in a June rate cut and expect a total of 65 basis points in cuts (more than two cuts but less than three) by the end of the year.
The euro, as tracked by the Invesco CurrencyShares Euro Currency Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>), inched 0.1% higher to 1.0840. 
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major European Indices</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th class="has-text-align-center" data-align="center">Country</th>
<th>US-Based ETF</th>
<th>Price</th>
<th>1-day %chg</th>
</tr>
</thead>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Spain – IBEX 35</td>
<td>iShares MSCI Spain ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWP#NYSE">EWP</a>)</td>
<td>11,335</td>
<td>0.79%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Italy – FTSE MIB </td>
<td>iShares MSCI Italy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWI#NYSE">EWI</a>)</td>
<td>34,751</td>
<td>0.75%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">France – CAC 40</td>
<td>iShares MSCI France Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>)</td>
<td>8,142</td>
<td>0.62%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">EU – Euro Stoxx 50</td>
<td>iShares Europe ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEV#NYSE">IEV</a>)</td>
<td>5,065</td>
<td>0.58%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Germany – DAX </td>
<td>Global X Dax Germany ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAX#NYSE">DAX</a>)</td>
<td>18,793</td>
<td>0.53%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers In Europe</h3>
Monday&#8217;s top performers on the Euro Stoxx 50 index included:
<ul>
<li>RWE AG (OTCPK: RWEOY) +2.55%</li>
<li>Bayer AG (OTCPK: BAYRY) +2.32%</li>
<li>Volkswagen AG (OTCPK: VWAGY) +1.65%</li>
<li>Enel Società per Azioni (OTCPK: ENLAY) +1.6%</li>
<li>Iberdrola S.A. (OTCPK: IBRDY) +1.5%</li>
<li>Eni S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) +1.38%</li>
</ul>
European pharma giant Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) and France luxury powerhouse LVMH-Moet Hennessy Louis Vuitton (OTCPK: LVMUY) closed 0.9% lower and 0.8% higher, respectively. 
Dutch chipmaker firm ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) closed 0.2% higher, notching the third straight session of gains. 
Among carmakers, Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) rose 1.5%. Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) closed up 0.7%, positively reacting to its victory in Sunday's Formula 1 Grand Prix in Monte Carlo.
Among major banks, UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) outperformed, up 1%. 
Read now: <a href="https://www.benzinga.com/news/24/05/39028061/alibaba-signs-david-beckham-as-global-brand-ambassador-for-e-commerce-platform">Alibaba Signs David Beckham As Global Brand Ambassador For E-Commerce Platform</a>
Photo via Shutterstock.

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Rwe Ag Ord Bearer Dm5 American Depository Receipt

RWEOY

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VWAGY

European Equities Close Higher As Traders Bank On Imminent ECB Rate Cut: What's Driving Markets Monday?

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