“The recent measures adopted are a guarantee that the targets of the Greek program can be achieved,” the three leaders said in reference to announced property taxes and job cuts in Greece, reports the FT. [Germany ETF Leads Stocks Higher]
The iShares MSCI Germany Index (NYSEArca: EWG) and iShares MSCI France Index Fund (NYSEArca: EWQ) are among the single-country ETFs that have been hit hard by Europe’s debt crisis. [France ETFs Shakes Off Moody’s Bank Downgrade]
European markets were mostly shaking off reports that a rogue trader was responsible for about $2 billion in losses at Swiss bank UBS. The alleged rogue trader, Kweku Adoboli, is a director at UBS’s ETF desk within a unit called Delta1 Trading, WSJ.com reported, citing his LinkedIn profile.
Vanguard European ETF
Tisha Guerrero contributed to this article.
