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Notable ETF Movers of the Day 12/09: (XLF) (EWZ) (FXE) Higher; (VXX) (UNG) (RSX) Lower

December 9, 2011 1:10 PM EST
Gainers
  • Financial Select Sector SPDR (NYSE: XLF) up 2.38 percent to $13.12. Financials bouncing back Friday, following some dire comments from ECB President Mario Draghi on Thursday. Draghi suggested that there may be limited bond buying, and significant downside still remained in Europe. Friday, with all 26 EU nations agreeing to make monetary and fiscal policy changes for the better, some of those fears have been alleviated. Citigroup (NYSE: C) is leading higher today, up 5 percent on the session.

  • iShares MSCI Brazil Index (NYSE: EWZ) up 2.55 percent to $60.36. Brazil stocks opened higher Friday on European news. Gaining commodity prices, including crude, is a boon for Brazil's economy, and Europe sorting itself will add nothing but upside. Brazil's Bovespa is up 1.7 percent on the session.

  • CurrencyShares Euro Trust (NYSE: FXE) up 0.23 percent to $133.15. Attention is turning toward the euro Friday, as investor gain a little confidence in the region following agreements earlier. Actual details of what finance ministers will do to improve their countries financial position will still need to be sorted, and that could lead to dilution of the euro. The EUR/USD trade is 0.17 percent better to €1.3367 Friday.
Receders
  • iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 5.22 percent to $41.43. The CBOE VIX is off about 10.1 percent as U.S. markets are a little more complacent heading into the weekend. Looking at the three big indices: Dow Jones is up 1.4 percent, Nasdaq up 1.7 percent, and S&P up 1.6 percent.

  • United States Natural Gas (NYSE: UNG) down 3.50 percent to $7.32. Sometimes it almost seems unfair putting nat gas on the movers list. Despite the EIA setting its nat gas outlook this week, generally seeing an increase in demand, stores near all-time highs and today's news of above-normal temps ebbing demand. Nat gas January contracts are $0.139 lower to $3.318 on the Comex.

  • Market Vectors Russia ETF (NYSE: RSX) down 1.51 percent to $27.45. Protests in Russia are hampering the market, with the Micex reportedly closing down 4.1 percent. Recent allegations of foul play in voting is causing many to revolt. Tomorrow, a gathering of 20,000 is expected, presumably as "OccupyMoscow." (We're kidding, there's no correlation between the two events.)


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