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

Bearish pressures swept over the market on Thursday as investors expressed their concerns over the latest Spanish bank stress test results. Independent auditors estimate that Spain’s recapitalization needs could reach $78 billion if a worst-case scenario develops. Investors on the homefront also fretted over concerning economic data releases; the Philly Fed Index, existing home sales and weekly jobless claims all came in worse-than-expected [see also Beyond TIP: 5 Inflation-Protected ETFs Worth A Look]. With no major economic data releases for the United States today, investors will turn their attention to the north as Canada’s CPI is releases. As such, our ETF to watch for the day is the iShares MSCI Canada Index Fund (EWC) which may see an increase in trading volumes following the latest consumer price reading. Analysts are expecting Canada’s inflation to come in at 1.9%, marking a slight drop-off from last month’s 2.1% reading [see also War In Syria, Crisis In Europe: Short [...] Click here to read the original article on ETFdb.com. Related Posts: Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) ETF Insider: The Uptrend Remains For Now Friday’s ETF Chart To Watch: MSCI Canada Index Fund (EWC) Three ETFs To Watch This Week: EFA, EWC, GLD