Stocks continued their ascent on Tuesday thanks to upbeat economic data from China. Investors rejoiced over better-than-expected industrial production data as well as retail sales, sending a wave of optimism across emerging markets as well as developed ones, although industrial metals surprisingly didn’t take part in the rally. At home, Syria and the looming Fed meeting remain at the forefront and, as such, volatile trading is likely to persist over the coming weeks [see 3 Market Valuation Indicators ETF Investors Must Know]. Our chart to watch for today is the iShares MSCI New Zealand Capped ETF , which may gap in either direction at the opening bell as investors react to the overnight interest rate decision. Analysts are expecting for the Reserve Bank of New Zealand to hold rates steady at 2.50%, although commentary after the rate decision itself could still spark a volatile reaction in the equity market. Chart Analysis [...] Click here to read the original article on ETFdb.com. Related Posts: ETFdb Weekly Watchlist: ENZL, EWA, XRT Hinge On Bank of New Zealand, Labor, And Retail Data ETF Insider: How To Play Earnings This Week ETF Insider: Correction Pressures Are Mounting ETF Insider: Bears Lurking In Uncharted Territory 3 ETFs To Watch This Week: EWJ, XRT, ENZL
Stocks continued their ascent on Tuesday thanks to upbeat economic data from China. Investors rejoiced over better-than-expected industrial production data as well as retail sales, sending a wave of optimism across emerging markets as well as developed ones, although industrial metals surprisingly didn’t take part in the rally. At home, Syria and the looming Fed meeting remain at the forefront and, as such, volatile trading is likely to persist over the coming weeks [see 3 Market Valuation Indicators ETF Investors Must Know]. Our chart to watch for today is the iShares MSCI New Zealand Capped ETF , which may gap in either direction at the opening bell as investors react to the overnight interest rate decision. Analysts are expecting for the Reserve Bank of New Zealand to hold rates steady at 2.50%, although commentary after the rate decision itself could still spark a volatile reaction in the equity market. Chart Analysis [...]
Click here to read the original article on ETFdb.com.
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