Wednesday’s ETF Chart To Watch: MSCI New Zealand Investable Market Index Fund (ENZL)

Equity markets started off yesterday on a weak note as Standard & Poor’s warning of a possible downgrade for all Euro zone member nations weighed down on investors’ confidence. Performance at home was mixed, with the Dow Jones Industrial Average gaining 0.43% on the day, while the Nasdaq shed 0.23%. In the currency markets, the U.S. dollar inched lower while the euro displayed resilience after it was reported that the European Union was possibly considering doubling its bailout system. Gold futures staged a small recovery following yesterday’s sell-off, settling near $1,730 an ounce as the trading session drew to a close. The Reserve Bank of New Zealand is slated to announce its decision regarding interest rates later today, which makes the iShares MSCI New Zealand Investable Market Index Fund (ENZL) our ETF to watch for the day. Analysts are expecting for the rate to remain unchanged at 2.5%, although volatile [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Volatility Is Still Lurking WisdomTree Rolls Out Australian Bond ETF (AUNZ) Bright Spots In The ETF Landscape: Five Funds Holding Their Value In A Wild 2011 New Zealand ETFs In Focus After Credit Downgrade ETF Insider: Markets At Fed’s Mercy