Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC)
Stocks struggled to recoup losses from the previous sessions on Thursday as worse-than-expected economic data releases overshadowed earnings season, including an upbeat report from Ebay. Investors fretted over the latest labor market data as 386,000 people filed for unemployment benefits over the past week, versus analyst estimates of 374,000. Data from the housing market was also sour; existing home sales in March came in at 4.48 million, falling short of the 4.63 million estimate, as well as last month’s reading of 4.60 million [see also Free Report: Seven Simple & Cheap ETF Model Portfolios]. With no major economic data releases on the home front today, investors will turn their attention to the north as Canada’s CPI comes out. As such, our ETF to watch for the day is the iShares MSCI Canada Index Fund (EWC) as it may see an increase in trading volumes following the latest inflation data. Analysts are expecting for [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: The Uptrend Remains For Now Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Three ETFs To Watch This Week: EFA, EWC, GLD Tuesday’s ETF To Watch: MSCI Canada Index Fund (EWC) ETF Insider: Bears Are Lurking Around The Corner
Stocks struggled to recoup losses from the previous sessions on Thursday as worse-than-expected economic data releases overshadowed earnings season, including an upbeat report from Ebay. Investors fretted over the latest labor market data as 386,000 people filed for unemployment benefits over the past week, versus analyst estimates of 374,000. Data from the housing market was also sour; existing home sales in March came in at 4.48 million, falling short of the 4.63 million estimate, as well as last month’s reading of 4.60 million [see also Free Report: Seven Simple & Cheap ETF Model Portfolios].  With no major economic data releases on the home front today, investors will turn their attention to the north as Canada’s CPI comes out. As such, our ETF to watch for the day is the iShares MSCI Canada Index Fund (EWC) as it may see an increase in trading volumes following the latest inflation data. Analysts are expecting for [...]

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