The bears took charge on Wall Street for another session as division in the Federal Reserve collided with lackluster housing data. Profit-taking pressures emerged after Philadelphia Fed Bank President Charles Plosser expressed his concerns over the recent QE3 announcement, emphasizing his doubts over the latest stimulus effort enacted by Bernanke. Case-Schiller home prices index data also missed the mark after the figure came in at 1.6%, falling short of the previous reading of 2.3%. Better-than-expected consumer confidence data went largely unnoticed; this figure came in at 70.3, topping analyst estimates of 65 [see also Jim Rogers, Peter Schiff Rip Bernanke and The Fed]. Investors will turn their attention overseas later today as German CPI data hits the street. As such, the iShares MSCI Germany Index Fund (EWG, A-) is on our radar screen because it may experience volatile trading following the upcoming inflation report. Analysts are expecting the German consumer price index to come [...] Click here to read the original article on ETFdb.com. Related Posts: Europe ETFs: Rising From The Dead 3 ETFs To Watch This Week: EWG, ENZL, EWJ Daily ETF Roundup: Eyes On Bernanke, Markets On Eggshells ETF Insider: Flirting With Resistance Is A Risky Game Friday’s ETF Chart To Watch: MSCI Germany Index Fund (EWG)
The bears took charge on Wall Street for another session as division in the Federal Reserve collided with lackluster housing data. Profit-taking pressures emerged after Philadelphia Fed Bank President Charles Plosser expressed his concerns over the recent QE3 announcement, emphasizing his doubts over the latest stimulus effort enacted by Bernanke. Case-Schiller home prices index data also missed the mark after the figure came in at 1.6%, falling short of the previous reading of 2.3%. Better-than-expected consumer confidence data went largely unnoticed; this figure came in at 70.3, topping analyst estimates of 65 [see also Jim Rogers, Peter Schiff Rip Bernanke and The Fed]. Investors will turn their attention overseas later today as German CPI data hits the street. As such, the iShares MSCI Germany Index Fund (EWG, A-) is on our radar screen because it may experience volatile trading following the upcoming inflation report. Analysts are expecting the German consumer price index to come [...]
Click here to read the original article on ETFdb.com.
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