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Wednesday’s ETF Chart To Watch: MSCI Germany Index Fund (EWG)
July 11, 2012 at 04:00 AM EDT
Stocks slid into red territory yesterday as a dismal start to earnings season welcomed back the bears on Wall Street. Alcoa’s (AA) quarterly loss didn’t sit too well with investors, while disappointing results and a deteriorating outlook for the semiconductor industry from Applied Materials (AMAT) only added to the list of uncertainties eating away at investors’ confidence. To top it all off, small business confidence in the United States came in worse than expected; the figure dropped to 91.4 compared to last month’s reading of 94.4 [see also What Are Futures? The Ultimate Beginner's Guide]. Investors will focus their attention on inflation data from the eurozone tomorrow morning before earnings season resumes on Wall Street. As such, the iShares MSCI Germany Index Fund (EWG) is on our watch list as it could see a spike at the opening bell depending on investors’ reaction to latest German consumer price index data. Analysts are expecting for Germany’s inflation rate to remain [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETF Charts That Sum Up 2012 Europe ETFs: The Good, The Bad, The Ugly ETFs To Play Euro 2012 ETF Insider: Buy On The Dip With Caution ETF Technical Trading FAQ
Stocks slid into red territory yesterday as a dismal start to earnings season welcomed back the bears on Wall Street. Alcoa’s (AA) quarterly loss didn’t sit too well with investors, while disappointing results and a deteriorating outlook for the semiconductor industry from Applied Materials (AMAT) only added to the list of uncertainties eating away at investors’ confidence. To top it all off, small business confidence in the United States came in worse than expected; the figure dropped to 91.4 compared to last month’s reading of 94.4 [see also What Are Futures? The Ultimate Beginner's Guide]. Investors will focus their attention on inflation data from the eurozone tomorrow morning before earnings season resumes on Wall Street. As such, the iShares MSCI Germany Index Fund (EWG) is on our watch list as it could see a spike at the opening bell depending on investors’ reaction to latest German consumer price index data. Analysts are expecting for Germany’s inflation rate to remain [...]
