iShares Core MSCI Europe ETF

IEUR

Market cap $6.8B

European equities eked out a modest gain on Thursday, with the pan-European Stoxx 600 reversing early losses to finish 0.12% higher as investors assessed a shifting global economic landscape, incoming corporate news, and rising expectations of US monetary easing. Germany's DAX led the region's major indices, advancing 0.22% to end the day at 23,777.

Europe's macro outlook is shifting. After years of fiscal restraint and fragmented policy, the region is entering a new chapter - one centered on pro-growth fiscal policy, energy security, and capital-market reform.

European Union governments and the European Parliament have reached agreement on harmonising the 27-nation bloc's insolvency laws to make it easier to invest across the EU and create a more liquid EU capital market, the EU Council said in a statement.

Europe's rally shows no signs of slowing and ETFs like VGK, EZU, BBEU, IEUR and FEZ are tracking the region's surging markets and strong earnings momentum.

U.S. bond markets were shut for Veterans Day. Meanwhile, eurozone government bond yields edged up on growing optimism the U.S. government shutdown is soon ending.

European stocks are expected to maintain their positive momentum as an end to the U.S. government shutdown is in sight.

"We continue to stay in a good place." ECB governing council member Martin Kocher tells Lizzy Burden there's "no pre-commitment" on any rate path

European stocks are set to open higher on Tuesday, continuing positive momentum from the start of the week on the back of the region's defense stocks.

The iShares Core MSCI Europe ETF invests in small, mid, and large-cap European stocks, primarily in the UK, Switzerland, France, and Germany. IEUR holdings remain significantly cheaper than the S&P 500 despite meaningful year-to-date outperformance. Looking ahead, IMF estimates point to European GDP growth only marginally underperforming the US, not enough to justify the current valuation discount.

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