Italy ETF Pops as Government Allays Budget Fears

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Relief rally in Italian equities and country-specific ETF led global market gains Monday after Italy’s finance minister assuaged investors over the government’s spending plans. On Monday, the iShares MSCI Italy Capped ETF (NYSEArca: EWI) jumped 3.0%. In contrast, the broad region-related Vanguard FTSE Europe ETF (NYSEArca: VGK) was 0.9% higher. Concerns over a bigger Italian [...]

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