ETF Outlook for Tuesday, June 3, 2014:
iShares FTSE/Xinhua China 25 Index ETF (NYSE: FXI)
The May HSBC manufacturing PMI rose to a four-month high last night in China when it came in at 49.7. A reading above 50 represents expansion and the May number is getting close to that level once again.
However, with a reading below the 50.00 level, it does open the door to stimulus from the government, which would be a boost to the stock market. FXI closed at the best level since the first day of January on Monday and has become one of the strong country ETFs in the last month.
Rydex CurrencyShares Euro ETF (NYSE: FXE)
The unemployment rate in the eurozone fell to 11.7 percent from ...
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