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The European economy is performing better than many forecasters initially expected. From a macroeconomic perspective, while challenges remain, financial stability depends on the ability to absorb shocks.
By now, we have all heard that Europe had a fairly decisive turn rightward over the weekend in parliamentary elections. France is calling for snap elections.
Capitalize on Euro ETFs as the ECB goes ahead with a rate cut to bring down the interest rates from the all-time high of 4%.
On Thursday, the European Central Bank (ECB) delivered a 25 basis point policy rate cut. By contrast, the Federal Reserve (Fed) is set to keep rates on hold at its meeting this month.
As widely expected, the European Central Bank (ECB) cut its key policy rates for the first time in five years. The interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility were each lowered by 25 basis points to 4.25%, 4.5%, and 3.75%, respectively.
Vanguard Europe ETF offers cost-efficient exposure to a diversified but stable pool of 1300 European securities. The growth prospects of Europe look unappealing, and prospective rate cuts are expected to reflect poorly on NII growth for European banks with a flattish outlook for FY24. VGK's valuation is compelling, but investors should consider the region's sub-par earnings growth.
SPDR® EURO STOXX 50 ETF has delivered acceptable returns of around 16% over the past year but has still lagged the S&P 500 Index.
European stocks eyed fresh record highs on Friday as sentiment was lifted by upbeat U.K. retail sales data and strong results from a raft of top companies.
European stocks have lower price-to-earnings ratios compared to US large caps, and European equities' momentum has improved. The Vanguard FTSE Europe ETF is recommended for its compelling valuation, low cost, high liquidity, and improved technicals. VGK's portfolio is heavily weighted towards large caps, with a sector composition that differs from the S&P 500.
The Russia-Ukraine war entered its 19th month in the second half of September. Despite this, the violence shows no signs of letting up.