Hester buys FEZ 34.3: Huge mistake and now they are subject to the whims of the market and prices below cost of production.

Closing these two mines gets us very close to a rate where more is being used than produced. All of this China talk is garbage. The company's senior management plans to buy 22% of the stock offering. Among the measures will be the scrapping of the dividend, an equity raise of $2.5B, and the suspension of operations at two African copper mines. The Luxembourg-based Arcelor Mittal ( MT ), and the Britain-based GlaxoSmithKline ( GSK ) and Unilever ( UN ) are some notable manufacturing-sector companies operating in the Eurozone.


Whitney:
The reading dipped marginally in August.

Mickey:
The manufacturing index stood at 52.4 in July.

Jill:
Some may have expected the reading to weaken on account of the global turmoil; however, the final reading for the manufacturing index for August came in at 52.3, indicating expansion of business activity.

Elease:
A pip in foreign exchange trading is a measure of a price movement in a currency pair.

Jeannie:
In fact, these companies can come out of such circumstances with greater market share, richer margins and higher borrowing costs due to competitors going out of business.

Tama:
The primary differentiation between FEZ and these products is that FEZ is exclusively composed of large-cap stocks, which makes it most able to withstand any sort of economic weakness.

Clarinda:
Other than the currency-hedged SPDR Euro Stoxx 50 ETF, they all entail currency risk.

Chery:
All of these ETFs track various European indexes.

Van:
The components of FEZ will similarly benefit from the ECB's aggressive policy.

Glinda:
Large-cap shares were the biggest beneficiaries; they were able to raise money at cheap rates and buy back shares.

SPDR Euro Stoxx 50 (AMEX:FEZ)
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