May 02, 2012 at 04:00 AM EDT
Wednesday’s ETF Chart To Watch: MSCI Germany Index Fund (EWG)
Stocks staged an impressive rally on Wall Street yesterday as optimism bolstered indexes higher following encouraging economic data releases. The latest ISM figure painted a bullish picture as manufacturing data, which is considered to be a leading indicator, came in stronger-than-expected; growth among U.S. manufacturers increased as the ISM came in at 54.8% for April, beating expectations of 53.3% as well as last month’s reading of 53.4% [see Free Report: How To Pick The Right ETF Every Time]. Investors will turn their attention overseas later today as German employment data comes out, helping to shed light on the health of this economic powerhouse in an otherwise fragile region. As such, our ETF to watch for today is the iShares MSCI Germany Index Fund (EWG), which may see an increase in trading volumes as investors digest the latest employment data; analysts are expecting for a loss of 10k jobs versus the previous decline of 18k [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Uncertainty Has Returned ETF Insider: Will The Bears Crash Earnings Season? ETF Insider: Do Fundamentals Justify The Wall Street Rally? ETF Insider: Will Economic Data Derail The Bull Train? Three ETFs To Watch This Week: EWG, FXE, SPY
Stocks staged an impressive rally on Wall Street yesterday as optimism bolstered indexes higher following encouraging economic data releases. The latest ISM figure painted a bullish picture as manufacturing data, which is considered to be a leading indicator, came in stronger-than-expected; growth among U.S. manufacturers increased as the ISM came in at 54.8% for April, beating expectations of 53.3% as well as last month’s reading of 53.4%  [see Free Report: How To Pick The Right ETF Every Time].   Investors will turn their attention overseas later today as German employment data comes out, helping to shed light on the health of this economic powerhouse in an otherwise fragile region. As such, our ETF to watch for today is the iShares MSCI Germany Index Fund (EWG), which may see an increase in trading volumes as investors digest the latest employment data; analysts are expecting for a loss of 10k jobs versus the previous decline of 18k [...]

Click here to read the original article on ETFdb.com.

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