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Miscellaneous Manufacturing Industry Pushed FEZ Up

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Overview of FEZ’s performance on January 14

As we discussed previously in this series, due to recovery in crude oil prices, all the major global indexes went up on Thursday, January 14, 2016. The SPDR EURO STOXX 50 ETF (FEZ) and the iShares MSCI EMU Index ETF (EZU) returned 1.2% and 0.94%, respectively, on the day. Now let’s analyze which industries drove these ETFs’ performances and which industries dragged down their performances.

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Miscellaneous manufacturing industry

The miscellaneous manufacturing industry returned 2.3% on Thursday, January 14, 2016, as miscellaneous manufacturer stock Siemens (SIEGY) returned 2.3% on the day. Siemens signed a deal to work on Iran’s railway infrastructure on January 8, 2016.

Oil and gas industry

The oil and gas industry returned 2.2% on the same day due to recovery in crude oil prices. Oil and gas stocks Repsol, Total (TOT), and ENI (EAA) returned 2.7%, 2.6%, and 1.4%, respectively, on the day.

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Software industry

The software industry returned 1.4% on January 14 as software stock SAP (SAP) returned 1.4% on the day. After declaring its preliminary fourth quarter results of 2015, the stock is moving in an upward direction because of its optimistic guidance for 2016.

Beverage industry

The beverage industry fell 2.8% on Thursday, January 14, 2016, as beverage stock Anheuser-Busch (BUD) fell 2.8% ahead of its fourth quarter results.

In the next part of this series, we’ll analyze the performances of FEZ’s top performers on January 14, 2016.

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