September is off to a gloomy start as major equity indexes kicked off the month on a sour note. Stocks broadly traded lower as investors fretted over worse-than-expected ISM data, which inevitably caused concerns of a manufacturing slowdown on the homefront to resurface. Slightly better-than-expected motor vehicles sales offered little relief, although a late rally certainly helped to quell some of the losses on the day. Investors will look forward to a host of data in the coming days including a much awaited ECB rate decision and U.S. unemployment on Friday [see also Why Peter Schiff Urges a Return To a Gold Standard]. The spotlight turns to overseas today as markets digest the latest economic growth reading out of Australia. As such, our ETF to watch for the day is the iShares MSCI Australia Index Fund (EWA, A-) as it may stage a volatile reaction at the opening bell following the overnight reaction [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Markets Slump On Jackson Hole Jitters 3 ETFs To Watch This Week: EWA, EWC, RTH Australia ETFs: 9 Ways To Play 17 ETFs For Day Traders ETF Insider: Earnings Jitters Are Back
September is off to a gloomy start as major equity indexes kicked off the month on a sour note. Stocks broadly traded lower as investors fretted over worse-than-expected ISM data, which inevitably caused concerns of a manufacturing slowdown on the homefront to resurface. Slightly better-than-expected motor vehicles sales offered little relief, although a late rally certainly helped to quell some of the losses on the day. Investors will look forward to a host of data in the coming days including a much awaited ECB rate decision and U.S. unemployment on Friday [see also Why Peter Schiff Urges a Return To a Gold Standard]. The spotlight turns to overseas today as markets digest the latest economic growth reading out of Australia. As such, our ETF to watch for the day is the iShares MSCI Australia Index Fund (EWA, A-) as it may stage a volatile reaction at the opening bell following the overnight reaction [...]
Click here to read the original article on ETFdb.com.
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