Notable ETF Movers of the Day 12/03: GLD, FXE, SMH Higher; VXX, XLF, FXI Lower

• SPDR Gold Shares (NYSE: GLD) up 1.63% to $137.41. Investors turning to gold and other precious metals following a jobs report today which showed a 39,000 increase in nonfarm payrolls, 50,000 increase in private payrolls, flat hourly earnings and workweeks, and decline in factory orders. Both nonfarm and private nonfarm payrolls came in below the consensus.
  
  
• CurrencyShares Euro Trust (NYSE: FXE) up 1.12% to $133.24. The U.S. dollar is showing some weakness versus a basket of other currencies following economic data today. Additionally, risk premiums for Irish and Portuguese bonds fell on ECB buying.
  
  
• Semiconductor HOLDRs (NYSE: SMH) up 0.49% to $32.60. Might be seeing some strength today as the Semiconductor Industry Association reported a 19.8%
  Y/Y increase in semi chip sales for October, though sales were relatively flat from September.

• iPath S&P 500 VIX Short-Term Futures ETN (NYSE: VXX) down 2.79% to $42.10. Markets seem to be caught in Limbo following unsatisfactory jobs numbers today, and a bump in unemployment from 9.6% to 9.8%.
  
  
• Financial Select Sector SPDR (NYSE: XLF) down 0.76% to $15.02. Might be a little profit taking here in the financials, following an impressive 2.5% close higher for the ETF yesterday as well as many of its holdings. Also, stagnant economic growth puts on crimp on banking revenues as transactions and lending might taper slightly.
  
  
• iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 1.80% to $44.25. China markets showing some weakness as prospects for further monetary policy tightening may be coming from the government. The official Xinhua News Agency reported yesterday that the government would shift to a more "prudent" monetary policy. XNN reports, "The Political Bureau of the Communist Party of China (CPC) Central Committee agreed in a meeting, chaired by President Hu Jintao, also general secretary of the CPC Central Committee, that the country would continue the proactive fiscal policy next year."

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