Three ETFs To Watch This Week: EWA, PGJ, EWC

After surging in the early part of the week, U.S. equity markets slumped back after weak data to finish slightly in the red, further clouding the American economic outlook heading into the key election season in November. The main catalyst for this week’s slump was a sharp rise in new unemployment claims which hit the psychologically important half million mark, suggesting to many that as the stimulus and census boosts end the economy will teeter dangerously close to a double dip recession. European equity markets also trended lower to end the week thanks to comments from German Central Bank president Axel Weber, who expressed his concerns over exiting crisis programs too early. This combination of weakness in two of the largest markets in the world spooked many investors who are hoping for a quick recovery; it looks like the global economy is more likely to muddle along for the foreseeable [...] Click here to read the original article on ETFdb.com. Related Stories: Three ETFs To Watch This Week: XLF, XHB, FXC Three ETFs To Watch This Week: GDX, TAN, EWO Three ETFs To Watch This Week: RTH, EWU, IAH