NEW YORK (TheStreet) -- Here are five ETFs to watch this week.Financial Select Sector SPDR ( XLF) Earnings season will get underway on Tuesday when aluminum giant Alcoa ( AA) steps up to the plate. Throughout the opening months of 2012, global macroeconomic factors have dominated discussions. In the coming weeks, however, some of this attention should shift to the various companies slated to release their performance numbers and outlooks. The financial sector will be of particular interest this week. Both JPMorgan ( JPM) and Wells Fargo ( WFC) are on tap for Friday. These two behemoths top off a number of financial sector ETFs. In XLF, for instance, the duo account for a nearly 20% slice of its assets.
iShares FTSE China 25 Index Fund ( FXI) From an economic data perspective, Thursday will be a busy one for China investors. In addition to a GDP reading, industrial production and retail sales numbers will also be released. China has exhibited signs of a slowdown in recent weeks, so this data will certainly be worth watching.
As I explained last week, FXI may be a better bet for those risk-tolerant investors looking to try their luck with China, at this time. Analysts have found that the nation's large, state-owned companies have held up better than smaller, private players during this recent period of tumult. FXI boasts ample exposure to companies hailing from the former. iShares MSCI Spain Index Fund ( EWP) Europe seems to have taken a backseat as China has struggled to regain its footing. However, the first week of April reminded investors of the challenges still facing this region. In the event that fear continues to resurface, troubled countries like Greece and Spain will likely be in store for the most volatile action. EWP and other EU-region funds are still best watched from the sidelines. >>Why Apple TV Could be Bigger Than You Think -- Written by Don Dion in Williamstown, Mass.