In the first part of this series, we saw that the SPDR Euro STOXX 50 ETF (FEZ) and the iShares MSCI EMU ETF (EZU) closed on positive notes on Tuesday, January 26, 2016. Now let’s analyze the industry-wise performance of FEZ to see what industries drove FEZ’s performance and what industries impacted it negatively.
The electronics industry returned 6% on Tuesday, January 26, 2016. The Netherlands-based electronics company Philips rose 6% on that day as it reported its quarterly earnings. The earnings were more than the estimated figures. The rise in growth is due to the growth in medical equipment.
Miscellaneous manufacturer industry
The miscellaneous manufacturer industry gained 5.7% on Tuesday, January 26, 2016. The miscellaneous manufacturing stock Siemens (SIEGY) rose 5.7% on that day as it announced its quarterly results, and those results beat the market expectation. Also, Siemens raised its earnings forecast for 2016.
Oil and gas industry
The transportation industry fell 2.3% on Tuesday as the transportation stock Deutsche Post fell 2.3% on the same day as Credit Suisse downgraded the stock to “Underperform.”
In the next part of this series, we’ll analyze how FEZ’s top performers fared on January 26, 2016.