Wall Street kicked off the week on a sour note as investors were quick to change gears into profit-taking mode following last week’s broad-based rally. With the ECB pushing forth its bond-buying program, the pressure is now on the Fed to act; given last Friday’s worse-than-expected U.S. employment report, investors are now more hopeful than ever that Chairman Bernanke will announce some sort of stimulus measures in this week’s FOMC press conference [see also Peter Schiff: The Only Way To Fix The Economy Is To Let It Fail]. With no major releases on the homefront today, our spotlight shifts onto the iShares MSCI Japan Index Fund (EWJ, B+). This ETF may see an increase in trading activity at the opening bell following the overnight reaction to the latest Machine Tools Orders data; analysts are expecting Japan’s machine tool orders figure to come in unchanged at -6.7%, marking another contraction in the nation’s manufacturing [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: EWJ, LBND, RTH 5 Gold Metal ETFs For The 2012 Olympics 17 ETFs For Day Traders The Most Successful ETFs Of All-Time Three ETFs To Watch This Week: EWJ, IAU, SOCL
Wall Street kicked off the week on a sour note as investors were quick to change gears into profit-taking mode following last week’s broad-based rally. With the ECB pushing forth its bond-buying program, the pressure is now on the Fed to act; given last Friday’s worse-than-expected U.S. employment report, investors are now more hopeful than ever that Chairman Bernanke will announce some sort of stimulus measures in this week’s FOMC press conference [see also Peter Schiff: The Only Way To Fix The Economy Is To Let It Fail]. With no major releases on the homefront today, our spotlight shifts onto the iShares MSCI Japan Index Fund (EWJ, B+). This ETF may see an increase in trading activity at the opening bell following the overnight reaction to the latest Machine Tools Orders data; analysts are expecting Japan’s machine tool orders figure to come in unchanged at -6.7%, marking another contraction in the nation’s manufacturing [...]
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