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Wednesday’s ETF Chart To Watch: MSCI United Kingdom Index Fund (EWU)

By: ETFdb
Bullish momentum quickly returned to Wall Street following Monday’s rampant sell-off. Stocks broadly marched higher on Tuesday as investors were pleased to hear that the International Monetary Fund (IMF) had raised its global growth forecast. The IMF expects for global economic growth in 2012 to come in at 3.5%, a modest improvement from the previous estimate of 3.3% issued back in January of this year. Amidst the improving backdrop, gold prices endured a volatile trading day, hitting a low at $1,635 an ounce, only to bounce back and settle near the $1,650 an ounce level [see Free Report: Seven Simple & Cheap ETF Model Portfolios]. Earnings season will continue full steam ahead on the home front, although international investors may wish to keep their eyes on the latest news from the United Kingdom. Our ETF to watch for the day is the iShares MSCI United Kingdom Index Fund (EWU), as it [...] Click here to read the original article on ETFdb.com. Related Posts: Thursday’s ETF To Watch: MSCI United Kingdom Index Fund (EWU) Tuesday’s ETF To Watch: MSCI United Kingdom Index Fund (EWU) Wednesday’s ETF To Watch: MSCI United Kingdom Index Fund (EWU) Five ETFs George Washington Probably Would Have Liked Three ETFs To Watch This Week: EWU, GERJ, XHB
Bullish momentum quickly returned to Wall Street following Monday’s rampant sell-off. Stocks broadly marched higher on Tuesday as investors were pleased to hear that the International Monetary Fund (IMF) had raised its global growth forecast. The IMF expects for global economic growth in 2012 to come in at 3.5%, a modest improvement from the previous estimate of 3.3% issued back in January of this year. Amidst the improving backdrop, gold prices endured a volatile trading day, hitting a low at $1,635 an ounce, only to bounce back and settle near the $1,650 an ounce level [see Free Report: Seven Simple & Cheap ETF Model Portfolios].  Earnings season will continue full steam ahead on the home front, although international investors may wish to keep their eyes on the latest news from the United Kingdom. Our ETF to watch for the day is the iShares MSCI United Kingdom Index Fund (EWU), as it [...]

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

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