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June 12, 2012 at 04:00 AM EDT
Tuesday’s ETF Chart To Watch: MSCI United Kingdom Index Fund (EWU)
Investors seemingly went through the full cycle of emotions on Monday as optimism over Spain’s bailout plan in the morning gradually turned to skepticism, paving the way for a steep sell-off on Wall Street in the final hours of trading. David Kelly, chief global strategist at J.P Morgan Funds, commented on the proposed plan, “While this aid has little chance of stimulating Spain’s deeply recessionary economy, it does reduce the threat of a new wave of financial contagion emanating from the euro-zone debt crisis”. Amidst the clouds of uncertainty, major equity indexes and crude oil prices slipped lower while gold drifted sideways [see also ETF Insider: Buy On The Dip With Caution]. With all eyes on the debt burdened eurozone, investors should keep a close watch on the iShares MSCI United Kingdom Index Fund (EWU) later today as U.K. industrial production data hits the street before Wall Street’s opening bell. Analysts [...] Click here to read the original article on ETFdb.com. Related Posts: Tuesday’s ETF To Watch: MSCI United Kingdom Index Fund (EWU) Thursday’s ETF To Watch: MSCI United Kingdom Index Fund (EWU) Wednesday’s ETF Chart To Watch: MSCI United Kingdom Index Fund (EWU) Thursday’s ETF To Watch: MSCI United Kingdom Index Fund (EWU) Tuesday’s ETF To Watch: MSCI United Kingdom Index Fund (EWU)
Investors seemingly went through the full cycle of emotions on Monday as optimism over Spain’s bailout plan in the morning gradually turned to skepticism, paving the way for a steep sell-off on Wall Street in the final hours of trading. David Kelly, chief global strategist at J.P Morgan Funds, commented on the proposed plan, “While this aid has little chance of stimulating Spain’s deeply recessionary economy, it does reduce the threat of a new wave of financial contagion emanating from the euro-zone debt crisis”. Amidst the clouds of uncertainty, major equity indexes and crude oil prices slipped lower while gold drifted sideways [see also ETF Insider: Buy On The Dip With Caution]. With all eyes on the debt burdened eurozone, investors should keep a close watch on the iShares MSCI United Kingdom Index Fund (EWU) later today as U.K. industrial production data hits the street before Wall Street’s opening bell. Analysts [...]

Click here to read the original article on ETFdb.com.

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