Back-and-forth trading dominated equity markets for most of yesterday as stimulus hopes collided with weekly jobless claims data. Fed Chairman Bernanke was reluctant to hint at any more stimulus until a further review of the economic recovery has been conducted, which inevitably paved the way for profit taking. During the first half of the trading day however, investors on Wall Street cheered on the latest employment report which showed 377,000 people filing for unemployment benefits last week, which beat analyst estimates of 380,000 as well as the previous reading of 389,000 [see also Jim Rogers Says: Buy Commodities Now Or You'll Hate Yourself Later]. With no major economic data releases on the home front later today, investors may wish to turn their heads to the north as Canada’s latest unemployment rate is released. As such, our ETF to watch for the day is the iShares MSCI Canada Index Fund (EWC) which may [...] Click here to read the original article on ETFdb.com. Related Posts: Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) ETF Insider: The Uptrend Remains For Now Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Three ETFs To Watch This Week: EFA, EWC, GLD Tuesday’s ETF To Watch: MSCI Canada Index Fund (EWC)
Back-and-forth trading dominated equity markets for most of yesterday as stimulus hopes collided with weekly jobless claims data. Fed Chairman Bernanke was reluctant to hint at any more stimulus until a further review of the economic recovery has been conducted, which inevitably paved the way for profit taking. During the first half of the trading day however, investors on Wall Street cheered on the latest employment report which showed 377,000 people filing for unemployment benefits last week, which beat analyst estimates of 380,000 as well as the previous reading of 389,000 [see also Jim Rogers Says: Buy Commodities Now Or You'll Hate Yourself Later]. With no major economic data releases on the home front later today, investors may wish to turn their heads to the north as Canada’s latest unemployment rate is released. As such, our ETF to watch for the day is the iShares MSCI Canada Index Fund (EWC) which may [...]
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