ETF Outlook for the Week of June 23, 2014
iShares FTSE/Xinhua China 25 Index ETF (NYSE: FXI)
The HSBC Flash PMI for the month of June in China came in at 50.8, up from 49.4 in May. The number was well above expectations of 49.7 and is back into expansion territory.
p> After the number was released, both JPMorgan Chase and Barclays raised their second quarter GDP estimates for the country. JPMorgan now sees growth of 7.2 percent and Barclays upped its to 7.4 percent.
Expect the Chinese stocks and ETFs to be on the move Monday.
iShares Dow Jones U.S. Home Construction ETF (NYSE: ITB)
Shares of ITB have been holding up well even after not so great housing numbers last week.
The ETF has ...
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