November 08, 2012 at 04:00 AM EST
Thursday’s ETF Chart To Watch: MSCI EMU Index Fund (EZU)
With the presidential election in the rear-view mirror, equity markets took a nose dive lower as the reality of the looming fiscal cliff at home set in. All major benchmarks on Wall Street gave into heavy profit-taking pressures following Obama’s re-election, although citing the election results as a catalyst for yesterday’s sell-off is pure speculation. To top it off, resurfacing eurozone debt woes made their way into the headlines as powerhouse Germany is beginning to show signs that it’s growing tired of carrying the currency bloc’s burden [see 101 ETF Lessons Every Financial Advisor Should Learn]. With the European Central Bank rate decision on tap later today, our ETF to watch is the iShares MSCI EMU Index Fund as it may experience volatile trading at the opening bell. Analysts are expecting for the benchmark rate to remain unchanged at 0.75%, however, economic commentary issued after the rate decision itself should offer valuable insights regarding the region’s [...] Click here to read the original article on ETFdb.com. Related Posts: Ultimate Guide To Vanguard MSCI Europe ETF (VGK) Wednesday’s ETF Chart To Watch: MSCI EMU Index Fund (EZU) Thursday’s ETF Chart To Watch: MSCI EMU Index Fund (EZU) ETF Insider: Flirting With Resistance Is A Risky Game 5 Worst ETF Strategies Of The Last 5 Years
With the presidential election in the rear-view mirror, equity markets took a nose dive lower as the reality of the looming fiscal cliff at home set in. All major benchmarks on Wall Street gave into heavy profit-taking pressures following Obama’s re-election, although citing the election results as a catalyst for yesterday’s sell-off is pure speculation. To top it off, resurfacing eurozone debt woes made their way into the headlines as powerhouse Germany is beginning to show signs that it’s growing tired of carrying the currency bloc’s burden [see 101 ETF Lessons Every Financial Advisor Should Learn]. With the European Central Bank rate decision on tap later today, our ETF to watch is the iShares MSCI EMU Index Fund as it may experience volatile trading at the opening bell. Analysts are expecting for the benchmark rate to remain unchanged at 0.75%, however, economic commentary issued after the rate decision itself should offer valuable insights regarding the region’s [...]

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

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