The bears came out on top at the start of this earnings season as disappointing corporate performance results shed little light on recovery hopes. Alcoa kicked off the ceremonies with better-than-expected results, although its revised outlook was enough to welcome sellers. Energy giant Chevron also missed the mark due to reduced production and lower oil prices while Wal-Mart rose after the company reported a strong “back-to-school” shopping season. In economic news, the Fed Beige showed modest expansion although the encouraging report went virtually unnoticed [see 101 ETF Lessons Every Financial Advisor Should Learn]. Investors will turn their attention to the eurozone today as German CPI comes out before the opening bell on Wall Street. As such, our ETF to watch for the day is the iShares MSCI Germany Index Fund (EWG, A-), which may see an increase in trading activity following the latest inflation report. Analysts are expecting for German CPI to come in unchanged [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: FXI, RTH, EWG Wednesday’s ETF Chart To Watch: MSCI Germany Index Fund (EWG) Europe ETFs: Rising From The Dead 3 ETFs To Watch This Week: EWG, ENZL, EWJ Daily ETF Roundup: Eyes On Bernanke, Markets On Eggshells
The bears came out on top at the start of this earnings season as disappointing corporate performance results shed little light on recovery hopes. Alcoa kicked off the ceremonies with better-than-expected results, although its revised outlook was enough to welcome sellers. Energy giant Chevron also missed the mark due to reduced production and lower oil prices while Wal-Mart rose after the company reported a strong “back-to-school” shopping season. In economic news, the Fed Beige showed modest expansion although the encouraging report went virtually unnoticed [see 101 ETF Lessons Every Financial Advisor Should Learn]. Investors will turn their attention to the eurozone today as German CPI comes out before the opening bell on Wall Street. As such, our ETF to watch for the day is the iShares MSCI Germany Index Fund (EWG, A-), which may see an increase in trading activity following the latest inflation report. Analysts are expecting for German CPI to come in unchanged [...]
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