iShares MSCI Germany ETF [EWG] Stock Forecast

Cash is king in Germany. With inflation running high, we look at the German consumer's ability to increase spending, save less and support domestic growth.

The German DAX broke its 200-day moving average in November of last year. It rose more than 3,000 points off its October low (up more than 26%) and is now technically in bull market territory.

The MSCI Germany has outperformed most of the world over the past three months, rising over 40% amid an easing of the energy crisis. This rise has come at the expense of long-term returns as valuations have risen back in line with long-term averages.

Alongwith the global markets, European shares too have started 2023 with a bang.

Investors are looking to global markets for growth as the U.S. dollar weakens. The post These Global Markets Are Outperforming U.S. Stocks In 2023 appeared first on Investor's Business Daily.

The German economy grew by 1.9% in 2022, per the German statistical office first estimate. This implies a stagnating, not contracting, economy in the fourth quarter.

Still, worries about higher prices linger.

EWG invests in German equities. I continue to hold that German stocks are likely undervalued, but funds like EWG are likely undervalued because of surrounding geopolitical risks and inflationary pressures.

It might finally be time to go overweight Europe. Germany is one of the three major bourses.

The minutes of the ECB's September meeting delivered a couple of interesting insights. Though quantitative tightening currently looks unlikely, it will come eventually.

iShares MSCI Germany ETF is a US stock and trading under the symbol EWG

iShares MSCI Germany ETF stock price is $27.43 today.

Yes, iShares MSCI Germany ETF is a publicly traded company.