NEW YORK ( TheStreet) -- Here are five ETFs to watch this week.iShares MSCI EMU Index Fund ( EZU) The opening days of November have been wild for the European Union as the region continues to sort out its ongoing economic crisis. Although it has long been a central focus for euro-crisis watchers, Greece dominated discussions over the last few days following reports that Prime Minister George Papandreou was calling for a referendum on the nation's bailout package. He has since stepped back from the plan. However, as I noted in an
iShares FTSE China 25 Index Fund ( FXI) This week will be a busy one on the economic front for China. On Tuesday and Wednesday, investors can expect to see a deluge of data unveiled including CPI, retail sales, and imports/exports numbers. While European woes have taken center stage, China is another region that has been watched closely. In recent weeks, many investors, analysts, and market commentators have expressed their concerns that the emerging market growth engine has begun to show signs of slowing. The data on the docket for this week will provide important clues as to what is in store as we approach the end of the year. SPDR S&P Retail ETF ( XRT) During the middle of the week, retailers, Nordstrom ( JWN) and Ralph Lauren ( RL) will report their earnings for the most recent quarter. With the holiday giving season fast approaching, the retailer-focused XRT and other consumer-dedicated ETFs will be in focus. The consumer continues to stand out as a point of reliance even as economic turmoil weighs on sentiment. Over the past few weeks, XRT has managed to recover the most of the losses suffered during its August-September struggles. As we move ahead, it will be interesting to see if the fund can regain the highs it witnessed during mid-summer. Written by Don Dion in Williamstown, Mass.