Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC)

Profit taking pressures swept over Wall Street on Thursday as investors digested good news at home, although worse-than-expected developments from overseas stole the headlines. Jobless claims on the home front surpassed expectations, coming in at 348,000 versus the previous reading of 353,000. Manufacturing in China appears to be slowing down a bit after the HSBC purchasing managers’ index for March came in at 48.1, versus the previous reading of 49.6. News from the Euro zone also spooked investors as the latest German PMI came in at 48.1, a noticeable down-tick from the previous reading of 50.2 [see also Euro Free Europe ETFdb Portfolio]. Investors will turn their attention to the north later today as Canadian CPI data hits the street. This makes the iShares MSCI Canada Index Fund (EWC) our ETF to watch for the day as investors react to the latest inflation figure; analysts are expecting for Canada’s CPI to come in at [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: EFA, EWC, GLD Tuesday’s ETF To Watch: MSCI Canada Index Fund (EWC) ETF Insider: Bears Are Lurking Around The Corner 5 Things To Watch Out For In International Equity ETFs ETF Insider: Euro Woes Weigh On Earnings