Three ETFs To Watch This Week: FXI, FDN, ALUM

Although stocks started off last week on a down note thanks to growing worries over Europe, markets staged a late session rally in Tuesday trading and carried this into Wednesday and Thursday as well. These gains came on hopes for government support for euro zone banks coupled with relatively solid data from American markets to boost sentiment across a number of industries. Then, on Friday, the employment figure showed a robust increase in nonfarm payrolls, as the consensus of a 65,000 increase was crushed by an actual figure of 103,000. Furthermore, investors also saw the overall unemployment rate edge down slightly to 9.1% while the average workweek also rose, finishing up at 34.3 hours. These bullish reports suggested to many that the economy might be able to avoid a double dip recession, at least for the time being. However, a report from Fitch, which downgraded Italy and Spain, sent markets [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VXX Surges On End-Of-Quarter Selling, FXI Collapses On Slowdown Fears Daily ETF Roundup: VXX Slides On European Hopes, FXI Jumps On Risky Asset Demand Daily ETF Roundup: FXI Sinks On Tightening Fears, VXX Jumps On More Greek Worries Introducing The New & Improved ETFdb.com ETF Research Report Now Available: China ETFs In Focus