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ETF Morning Call

ETF Morning Call: September 27, 2012
By Ndubisi Onuora | September 27, 2012

Related ETFs: SLV / GLD / SPY / BNO / USO / VGK

Asia, Europe and U.S. rise today on Chinese stimulus speculation and ahead of Spanish 2013 budget release.

International

Asia

  • Asian stock indexes advanced today as investors believed that a decrease in Chinese industrial profits will cause the Chinese government to enact new stimulus policy.
  • The Nikkei rose 0.48 percent; KOSPI increased 0.42 percent; Shanghai Composite skyrocketed 2.6 percent; Hang Seng rose 1.14 percent; S&P/ASX 200 ascended 0.52 percent.

 

Europe

  • European stock indexes slightly recover from yesterday's fall as investors speculated that China will pass a stimulus bill and as they await Spain's 2013 budget plan. Look for slight gains in the Vanguard MSCI Europe ETF (NYSEArca: VGK).
  • The German unemployment rate remained at around 6.8 percent in September, but the number of jobless increased by 9,000 as weakening exports cause companies to reduce investments.

 

Domestic

  • U.S. stock futures indicated a slightly higher opening as investors speculate that China will announce stimulus measures, a release of Spain's budget bill, and a dissemination of U.S. economic data today.

 

Commodities

All commodities news is as of 8:00 a.m. ET.

Gold and Silver Advance

  • Gold rose 0.23 percent, or $4.10, to $1756.85. Expect increases in the SPDR Gold Shares physical bullion ETF (NYSEArca: GLD).
  • Silver ascended 0.37 percent, or $0.13, to $34.08. Expect gains in the iShares Silver Trust (NYSEArca: SLV).

 

WTI and Brent Oil Climbed

  • The November contract for WTI crude oil increased 0.94 percent, or $0.85, to $90.83 per barrel.
  • The November contract for Brent crude oil rose 0.89 percent, or $0.98, to $111.02 per barrel.
  • Look for advances in both the United States Oil Fund (NYSEArca: USO) and in the United States Brent Oil Fund (NYSEArca: BNO).

 

Fund Flows

On Wednesday, Sept. 26, 2012, the top ETF in nominal inflows was the SPDR S&P 500 ETF (NYSEArca: SPY), with creations of $651.83 million. The top ETF in nominal outflows was the SPDR Gold fund (NYSEArca: GLD), with redemptions of $591.99 million.

 

ETF Launches

None as of yet today

 

ETF Filings

None as of yet today

 

Economic Calendar

Domestic

  • Durable Goods Orders - 8:30 a.m. ET
  • GDP - 8:30 a.m. ET
  • Jobless Claims - 8:30 a.m. ET
  • Corporate Profits - 8:30 a.m. ET
  • Bloomberg Consumer Comfort Index - 9:45 a.m. ET
  • Pending Home Sales Index - 10:00 a.m. ET
  • Kansas City Fed Manufacturing Index - 11:00 a.m. ET
  • Farm Prices - 3:00 p.m. ET
  • Fed Balance Sheet - 4:30 p.m. ET
  • Money Supply - 4:30 p.m. ET