iShares MSCI Sweden ETF

EWD

Market cap $323M

Maximilian Uleer, Deutsche Bank head of European equity and cross asset strategy, joins CNBC's 'Money Movers' to discuss outlooks on European markets.

European stocks are expected to open lower on Tuesday, reversing largely positive sentiment at the start of the week.

European stocks are expected to open mostly higher Monday as markets keep a close eye on a new trade dispute between the U.S. and China.

European stocks are expected to hover around the flatline at the open on Wednesday as markets lack direction during a difficult week.

European stocks are expected to open mixed on Tuesday with all eyes on France after the resignation of Prime Minister Sebastien Lecornu.

It has been 225 days since President Trump's Inauguration on January 20th, and the S&P 500 entered today up 8% since the last close before the Inauguration. Speaking of the G7, the US has been the worst market among these seven developed nations since Inauguration Day in January. Along with being the second-best performing country ETF since Inauguration Day, Vietnamhas easily been the best performer since April 8th with a gain of 77.5%.

Economists polled by Reuters had expected the rate to remain unchanged from July, at 2%.

European Central Bank Governing Council Member Joachim Nagel says "the bar is high" to issue another interest rate cut. Speaking to Bloomberg TV's Lisa Abramowicz and Tom Keene, the Bundesbank president said the euro zone is in a “kind of equilibrium,” with inflation and interest rates both at 2%.

EWD has outperformed the S&P 500 in 2025, driven largely by Spotify, but its high concentration increases risk. I rate EWD a hold due to its elevated valuation (P/E 21.3x, PEG >3) and mixed technical signals near resistance levels. Liquidity is a concern with low trading volume and wide bid/ask spreads; limit orders are recommended for entry.

The EU's overall trade surplus shrank to 1.8 billion euros in June, down from 12.7 billion euros a month earlier.