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

Domestic equity indexes started off the week on a positive note, unlike European markets which fell victim to selling pressures as worries over Italy spooked investors. Yields on 10-year Italian bonds soared to their highest level since 1997 as political turmoil in Rome intensified after Prime Minister Berlusconi defied huge pressure to resign. In response to the escalating debt woes, EU leaders met it Brussels to discuss plans for a bigger rescue fund aimed at protecting the vulnerable economies of Italy and Spain from a possible Greek default. Gold climbed higher amidst the uncertainty and prices for the precious yellow metal climbed a fresh multi-week high, settling just underneath $1,800 an ounce at the end of the day. Industrial production data for the United Kingdom is slated to come out later today and investors will likely pay attention to this report in an effort to gain insights about the health [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETF To Watch This Week: EWU, TAN, VXX iShares Planning Small Cap Country ETFs ETF Insider: Greece Flirts With Default What’s Crushing The Austria ETF (EWO)? ETF Insider: Stay On The Sidelines