Equity markets tumbled into red territory for another day this week as investors fretted over sour economic data on the home front along with looming debt woes in the European currency bloc. Weekly jobless claims came in worse-than-expected as 370,000 people filed for unemployment benefits versus the expected 365,000. The Philly Fed manufacturing index also gave investors a reason to worry after this month’s reading came in at a negative 5.8, falling short of the 10 estimate as well as the previous reading of 8.5 [see also Which ETFs Will Own Facebook (And When)]. Investors will turn their attention to the north later today as the latest Canadian CPI data hits the street. As such, our ETF to watch for the day is the Rydex CurrencyShares Canadian Dollar Trust (FXC) as it may see an increase in trading volumes following the release of inflation data. Analysts are largely expecting for CPI to come in unchanged [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Beware Of Bargain Shopping Friday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC) ETF Insider: Will Holiday Cheer Be Enough? Tuesday’s ETF Chart To Watch: CurrencyShares Canadian Dollar Trust (FXC) ETF Insider: Volatility Is Still Lurking
Equity markets tumbled into red territory for another day this week as investors fretted over sour economic data on the home front along with looming debt woes in the European currency bloc. Weekly jobless claims came in worse-than-expected as 370,000 people filed for unemployment benefits versus the expected 365,000. The Philly Fed manufacturing index also gave investors a reason to worry after this month’s reading came in at a negative 5.8, falling short of the 10 estimate as well as the previous reading of 8.5 [see also Which ETFs Will Own Facebook (And When)]. Investors will turn their attention to the north later today as the latest Canadian CPI data hits the street. As such, our ETF to watch for the day is the Rydex CurrencyShares Canadian Dollar Trust (FXC) as it may see an increase in trading volumes following the release of inflation data. Analysts are largely expecting for CPI to come in unchanged [...]
Click here to read the original article on ETFdb.com.
Related Posts:
