European ETFs Hit New Highs

March 14, 2006 at 8:39 am by Tom Lydon

Mona European markets are approaching 4 1/2 year highs as stocks remain fairly valued and optimism stays positive. The strength in earnings and an increase in mergers and acquisitions are two main reasons for the continued uptrend.

Today streetTracks Dow Jones Euro STOXX 50 (FEZ), iShares S&P Europe 350 (IEV), iShares MSCI EMU Index (EZU) hit new highs. In addition some single country ETFs also hit new highs - iShares MSCI France (EWQ), iShares MSCI Italy (EWI), iShares MSCI Switzerland (EWL) and iShares MSCI Sweden (EWD).

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