Italy’s win in the World Cup could help boost their economy. With such a victory, Italians are feeling confident, enough so that some believe there could be an ease on budget cuts with increased. There is hope that the win over France will boost the country’s economic performance.
The exchange traded fund, iShares MSCI Italy (EWI), is up 15% year-to-date and 5% over the past month. EWI continues to trade above its trend line. Top holdings in this ETF include Eni, an energy company making up 18%; UniCredito Italiano Group, a bank group representing 13% of the fund; and Enel, an electric company which is 9% of EWI.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.