logo
  Join        Login             Stock Quote

Country ETF Trends Largely Unchanged: Russia Shines, Spain Tumbles

 December 30, 2010 12:42 PM


Last week, indices around the globe showed a mixed bag of results – our top funds this year such as South Africa (EZA), Russia (RSX) and South Korea (EWY) continued to do well while Spain (EWP) and China (FXI) posted another lackluster performance.


Assets Class

Symbols

12/24
Trend
Score

12/17
Trend
Score

Direction

[Related -Sector Detector: Stocks Cruise Right Along, Whistling Past The Graveyard]

South Africa

(EZA)

15.93%

14.58%

^

Russia

(RSX)

15.55%

13.71%

^

South Korea

(EWY)

13.68%

12.74%

^

Taiwan

(EWT)

[Related -Quick Cross-Market Chart Flashes Caution For Stocks]

13.5%

17.12%

v

Mexico

(EWW)

12.9%

12.6%

^

Austria

(EWO)

12.26%

9.84%

^

Malaysia

(EWM)

11.11%

11.21%

v

Hong Kong

(EWH)

10.14%

9.89%

^

Switzerland

(EWL)

9.87%

7.78%

^

Canada

(EWC)

9.37%

8.41%

^

Australia

(EWA)

9.33%

9.41%

v

India

(INP)

8.91%

8.15%

^

Germany

(EWG)

8.63%

7.84%

^

United Kingdom

(EWU)

7.42%

6.19%

^

Japan

(EWJ)

6.95%

6.74%

^

Singapore

(EWS)

6.41%

7.63%

v

The Netherlands

(EWN)

3.66%

2.32%

^

France

(EWQ)

3.46%

2.23%

^

Belgium

(EWK)

2.89%

1.8%

^

Brazil

(EWZ)

2.45%

4.4%

v

China

(FXI)

0.62%

0.57%

^

Italy

(EWI)

-0.51%

-3.9%

^

Spain

(EWP)

-5.74%

-6.53%

^

click to enlarge


Among the emerging markets, Taiwan (EWT) reversed its recent up trend and fell 1.45% last week. The selloff was primarily driven by profit taking and concerns over exporters' profitability from a stronger local currency. At the same time, China's central bank announced a 25 basis points rate hike over the weekend to gear up for the fight against inflation. FXI ended last week flat, but the Shanghai Composite has tumbled more than 4% this week.Spain (EWP) dropped 3.5% last week. Markets are still concerned that the debt-riddled Spanish government may be forced to seek a bailout and a new wave of panic would be triggered in the eurozone. There does not seem to be much clarity on this issue ahead.

iOnTheMarket Premium
Advertisement

Advertisement


Comments Closed


rss feed

Latest Stories

article imageFord Motor Company (F) Q2 Earnings Preview: Light on the Top Line?

Ford Motor Company (NYSE:F) will release its preliminary second quarter 2014 results at 6:30 a.m. EDT read on...

article imageTripadvisor Inc. (TRIP) Q2 Earnings Preview: On Target Enough?

Tripadvisor Inc. (NASDAQ:TRIP) will release its second quarter financial results after market close on read on...

article imageFacebook Inc. (FB) Q2 Earnings Preview: Scoring Big on the World Cup

Facebook Inc. (NASDAQ:FB) will post its second-quarter 2014 financial results after the market close on read on...

article imageThe Boeing Company (BA) Q2 Earnings Preview: Durable Earnings Beater

The Boeing Company (NYSE:BA) will publish its second-quarter financial results before the open of the read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.