The economic turmoil facing Europe has been placed on the back-burners as market commentators remain focused on the political unrest taking place in Egypt and other regions of the developing world. This bodes well for the subsidy-reliant solar energy industry, and in response, the TAN is locking some of the ETF industry's strongest gains today. Other alternative energy-focused ETFs such as the PowerShares Wilderhill Clean Energy Portfolio ( PBW) and the Global X Uranium ETF ( URA) are heading higher as well.
iPath Dow Jones UBS Sugar Total Return Subindex ETN (SGG) 4.2%
With Wednesday's jump, the sugar ETN has successfully clocked in brand new all-time highs. The iPath Dow Jones UBS Cotton Total Return Subindex ETN ( BAL), another closely followed single commodity ETN is also treading along in previously unexplored territory. As developed markets stick to their recovery paths and emerging markets continue to witness breakneck economic expansion, the demand picture for the agriculture industry remains strong.
Much of PXQ's index is trading in a mixed fashion today. However, Acme Packet ( APKT) is seeing stellar gains in response to a stronger than expected quarterly earnings report. Although APKT accounts for only a small percentage of PXQ's total assets, its over 20% gains are playing a role in the fund's ascension.
The Swedish markets are heading lower today. Companies facing some of the heaviest losses today include Nordea Bank and Sandvik. The Swedish krona has been a closely watched component of the currency markets recently as it hits new 10-year highs against the euro. Investors looking to track the krona should look to the CurrencyShares Swedish Krona Trust ( FXS)(FXS). It is important to note, however, that this fund suffers from low investor interest.
Weakness can be seen coming from the retail space as XRT locks in some of the day's heaviest losses. Two XRT components taking heavy losses today include Jos. A Bank ( JOSB) and Abercrombie & Fitch ( ANF). XRT remains an interesting fund to keep an eye on as consumers continue to recover. All prices as of 2:15 PM EST