Major equity indexes edged higher for another day as investors reacted positively to several minor data release on the homefront. With no major data releases due out all week across the globe, the bulls made it a point to push higher as weekly jobless claims came in better-than-expected along with reports of a shrinking trade deficit. Art Hogan, equity strategist at Lazard Capital Markets, commented “The underlying bid in this market is consensus agreement that we’re going to get more, not less, global monetary stimulus” [see also 5 Plays In The Beaten Down Energy Sector]. Investors will turn their attention overseas later today as German inflation data hits the street. As such, our ETF to watch is the iShares MSCI Germany Index Fund (EWG, A-), which may experience volatile trading following the reaction to the latest CPI data from the eurozone powerhouse; analysts are expecting for inflation to come in unchanged at 1.7% on a year-over-year basis [see [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: EWG, LBND, FXE 17 ETFs For Day Traders Wednesday’s ETF Chart To Watch: MSCI Germany Index Fund (EWG) Three ETF Charts That Sum Up 2012 Europe ETFs: The Good, The Bad, The Ugly
Major equity indexes edged higher for another day as investors reacted positively to several minor data release on the homefront. With no major data releases due out all week across the globe, the bulls made it a point to push higher as weekly jobless claims came in better-than-expected along with reports of a shrinking trade deficit. Art Hogan, equity strategist at Lazard Capital Markets, commented “The underlying bid in this market is consensus agreement that we’re going to get more, not less, global monetary stimulus” [see also 5 Plays In The Beaten Down Energy Sector]. Investors will turn their attention overseas later today as German inflation data hits the street. As such, our ETF to watch is the iShares MSCI Germany Index Fund (EWG, A-), which may experience volatile trading following the reaction to the latest CPI data from the eurozone powerhouse; analysts are expecting for inflation to come in unchanged at 1.7% on a year-over-year basis [see [...]
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