Notable ETF Movers of the Day 11/02: (FXI) (XLF) (SPY) Higher; (UUP) (VXX) Lower

• iShares FTSE China 25 Index Fund (NYSE: FXI) up 4.39 percent to $37.07. Stocks in China making a rebound on speculation that the Chinese government would implement monetary easing as Europe and U.S. issues threaten to stem global economic recovery.
  
  
• Financial Select Sector SPDR (NYSE: XLF) up 3.19 percent to $13.27. The ETF is being led higher today by Bank of America Corporation (NYSE: BAC), which is seeing a rebound after announcing it would not be implementing a previously announced debit fee. Further, financials are moving higher ahead of FOMC minutes, in which many think the Fed could take further action to stimulate the economy.
  
  
  Also, MasterCard (NYSE: MA) issued a third-quarter earnings beat Wednesday morning, definitely a plus in the financial sector.
  
  
• SPDR S&P 500 (NYSE: SPY) up 1.74 percent to $124.12. U.S. markets are stronger ahead of Fed minutes and the G-20 summit in Cannes. Otherwise, ADP reported the addition of 110 thousand U.S. jobs in October, above the 100 thousand expected.
  
  

• PowerShares DB US Dollar Index Bullish (NYSE: UUP) down 0.69 percent to $21.65. The U.S. dollar falling Wednesday ahead of FOMC minutes. Some speculate that the Fed may implement more QE action, which would bring down the dollar a notch or so.
  
  
• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 3.42 percent to $44.35. After popping 14 percent yesterday, and up over 26 percent since last Friday, the CBOE VIX ETF is trending lower as investors await economic data. Markets might pop, reversing the two-day losing streak by the S&P 500 and others.

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