With a ticker EWI, this ETF is holidng some of the most popular names in Europe and also in the world. Stellantis, Ferrari, Unicredit and Enel are all enjoying strong growth, this is why EWI closed above $33 on Friday!
In late October the shares were trading for $29 and in less than two months investors saw more than $4 jump. This totals 14% profit from early November to early December! If you love Italian pasta and pizza, you should also love Italian stocks as well!
EWI is trading at almost its yearly high, but buyers are still in total control. Reducing inflation levels and pause in the rate hikes are behind the increase in demand and appetite for risk. We have an idea about EWI next price swing. Please visit our Premium section to see our preferred direction.
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