Friday’s ETF Chart To Watch: MSCI Germany Index Fund (EWG)

Equity markets snapped back and recovered losses from yesterday as investors were in a cheerful buying mood following better-than-expected housing data on the home front. Wall Street started and ended the day in green territory with industrial stocks leading the way higher followed closely by financials, while utilities lagged behind as investors increased their risk appetite. Gold sank lower amidst the broad market rally, marking the third consecutive day of losses for the week [see Are Gold ETFs The Best Defense Against Euro Drama?]. Prices for the precious yellow metal dipped as low as $1,523 an ounce, although the price inched back up near the $1,550 level as the trading sessions drew to a close. With no major economic data reports in the U.S., investors will turn their attention to overseas as the German consumer price index is released. Our ETF to watch for today is the iShares MSCI Germany [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Will The Supercommittee Surprise? Three Long/Short Ideas For Euro Zone Debt Drama ETF Insider: All In Green ETF Insider: Euro Zone Euphoria Here To Stay? ETF Insider: Can Earnings Trump Euro Drama?