iShares MSCI Spain Capped ETF

NYSEARCA: EWP
$22.76
+$0.34 (+1.5%)
Closing price October 23, 2020
With the Brexit Vote only adding that much more uncertainty, the reality is setting in that this could spell long-term trouble for the European Union. Britain never did share its currency, but they...
Greece is back as a financial market again. Well, sort of. The nation finally allowed its stock market to open back up after an unheard of five-week trading halt.
Source: ThinkstockIt seems almost too hard to believe, but we have seen two of the PIIGS upgraded by different credit ratings agencies this Friday. Fitch ratings has raised Greece’s sovereign...
Source: ThinkstockWhat happens when you put a vote out to the people about whether or not their benefits and public spending should be cut to appeal to international creditors? If you believe in...
The Spanish bank stress tests are out and the initial verdict is that the shortfall was just not as bad as expected. In order to encompass about 90% of Spain’s banking system assets, the stress...
Spain is starting to look more and more like Greece with protesters clashing with police in the capital. The difference is that Spain is a much more important economy to Europe and to the rest of the...
Spain is again taking the center stage, even after Greece’s Prime Minister Samaras was meeting with Angela Merkel of Germany. And now we have seen headlines on the broad tape that Spain is not...
Most, or much, of the world hates short sellers. Betting against markets is just unfair, or so goes the logic. There is just one small problem: a market without short sellers is not an efficient...
European leaders are taking the aid directly to the banks to stave off any added crisis.  The futures in the U.S. are soaring and the markets in Europe are up big.  This will sound a bit like the...
A 2014 bond auction in France went off at 0.54% this Thursday, while the same maturity in 2014 went for a yield of 4.70% in Spain.  The fear is that long-term borrowing rates will breach that 7%...
The Greek elections went the way that the market participants were initially hoping for, but now the reality is setting in that Greece may ultimately not be able to stay in the Euro due to its...
Trusting anything out of Greece or any of the PIIGS nations is a bit difficult these days.  With the weekend coming upon us, Greece is set to be the center of the world yet again as the future of...
Egan-Jones Ratings is just the latest ratings agency to hit the PIIGS today.  The ratings agency lowered the Kingdom of Spain’s ratings down to “CCC+” from “B.”  What is perhaps more...
Fitch Ratings has had many reports today, but perhaps the largest call is a downgrade of Spain to “BBB” that has added some pressure to the Euro. Today’s downgrade took Spain’s Long-term...
Reports of what appears to be am effective government takeover of Bankia in Spain, ongoing debt and capital concerns of the banks, and borrowing costs approaching 7% are all culminating with the...