Notable ETF Movers 12/01: FXI, EWJ, GDX, BHH Up; FXY, UUP Lower
StreetInsider.com Notable ETF Movers:
HIGHER;
- iShares FTSE/Xinhua China 25 Index (NYSE: FXI) up 2.84% to $44.94, and iShares MSCI Japan Index (NYSE: EWJ) up 3% to $9.85. Investors are working over foreign markets as investors took a more relaxed economic stance on data from Dubai, a move by Japan's central bank will infuse 10 trillion yen of liquidity, an interest rate hike in Australia made the AUD more attractive, and news from the European front was positive as their manufacturing industry grew for a second straight month. Also notable is the iShares MSCI United Kingdom Index (NYSE: EWU) which is up 2.64% to $16.70. For that matter, Brazil (NYSE: EWZ), Mexico (NYSE: EWW), and Canadian (NYSE: EWC) ETF's are all up about 2.50% on average.
- Market Vectors Gold Miners ETF (NYSE: GDX) shares are booming at $53.84, up $5.35%. Gold keeps mining the gains as the Yellow Bricks surpass the $1,200 mark. Gold miners love when this happens, it's like Christmas in December for them.
LOWER:
- CurrencyShares Japanese Yen Trust (NYSE: FXY) down 0.35% to $114.45. The ETF is certainly not looking foxy as Japan's Central bank said it will infuse 10 trillion yen ($115.8 billion) into commercial banks through short-term loans in an effort to fight deflation and boost liquidity. Additionally, PowerShares DB US Dollar Index Bullish (NYSE: UUP) is also down 0.63% to $22.03 as investors gain more confidence overseas [see above].
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