Notable ETF Movers of the Day 10/14: (USO) (EWY) (FXE) Higher; (VXX) (EWJ) Lower

October 14, 2011 12:12 PM EDT Send to a Friend
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Gainers

  • United States Oil (NYSE: USO) up 2.33 percent to $33.40. Crude moving higher Friday following retail sales data which added a little bit of confidence to an economic rebound. Commerce Department data today had total retail sales increasing 1.1 percent in September from August. Analysts had been expecting just a 0.8 percent rise. Excluding automobiles, sales rose 0.6 percent, ahead of the 0.3 percent expected.

  • iShares MSCI South Korea Index (NYSE: EWY) up 2.02 percent to $52.49. South Korean stocks getting a lift from U.S. sales numbers. Better retail movement in the States means more exports and revenue for South Korea, home to such brands as Samsung, LG Electronics, and Kia.

  • CurrencyShares Euro Trust (NYSE: FXE) up 0.53 percent to $138.07. Euro making more gains today, as the Group of 20 (G20) begins a series of two-day meetings in Paris, France. Investors and traders are bracing for a euro rebound as meeting talks progress. The EUR/USD is about 0.5 percent better to €1.3853, putting it up over 3 percent on the week.


Receders

  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.66 percent to $41.74. The CBOE VIX is 3 percent higher Friday as market fears are a little more elevated following stronger retail sales numbers. On the down side, inventories in August increased 0.5 percent, above the 0.4 percent expected. Consumer sentiment, as reported by the University of Michigan, was 57.5, below the 60.0 sought on the Street.

  • iShares MSCI Japan Index (NYSE: EWJ) down 0.78 percent to $9.52. Japan is reacting the most to Standard & Poor's downgrade of Spain, which indicates continued concerns with Europe's distressed debt. One analyst said that Germany and France are still dividend on any potential bailout, and until markets get that, share prices aren't going to rise.



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