Three ETFs To Watch This Week: EWI, FXA, ENZL

The last week of June saw markets fight back from their losses earlier in the period as all of the major benchmarks rose by 5% on the week. This solid gain came thanks to declining fears over a Greek default and solid manufacturing data in the U.S. This led many to buy equities on the dip, leading to gains for all the major indexes for the week, helping to erase the negative memories that started June and allowing the second half of the year to start on a bullish note. Additionally, markets were encouraged that QE2 ended without a hitch; although bond yields have been steadily rising in anticipation of this event, the pace of the gains has been moderate, suggesting that given the solid economic data, maybe the economy can hold its own without further quantitative easing after all. Thanks to the start of a new quarter and Independence Day in the U.S., [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts