ETF Outlook for Friday, April 25, 2014:
iShares MSCI Japan ETF (NYSE: EWJ)
Japanese core inflation for March came in at 1.3 percent, the same as the prior month, but below estimates of 1.4 percent. The data was viewed as positive because it could open the door to more bond purchases from the Bank of Japan.
The inflation target for the central bank is two percent and holding steady at 1.3 percent is far enough below the goal to force the hand of the central bank. The news was enough to help the Japanese stock market close with a slight gain of 0.2 percent as much of the rest of the world was trading lower.
KraneShares China Internet ETF (NYSE: KWEB)
Chinese Internet giant Alibaba is considering ...
More...