iShares MSCI Italy ETF [EWI] Stock Forecast

Italy's growth prospects are one of the weakest in Europe, and inflationary pressures are unlikely to dissipate anytime soon. Public finances remain under pressure, and instability within the ruling coalition could cause volatility.

EWI represents the largest Italian businesses, but the exposure of Italy to gas and reliance on discretionary markets is not to our taste. The new government is also not a fan of some of the fiscal stabilizers introduced by the M5S party previously in power.

The elections in Italy have shown that the far right has actually done very well. Markets have reacted with some spread widening.

EWI gives exposure to the Italian economy, which means some solid exposures in financials and utilities. The bigger issues are in consumer discretionary where exposures to cars could be an issue in a recession.

Italy country-specific exchange traded funds plunged Wednesday after multiple parties refrained from supporting Prime Minister Mario Draghi in a confidence vote. The iShares MSCI Italy Capped ETF (EWI) decreased 4.2%.

An Italy country-specific exchange traded fund plunged Thursday as political risk grips the outlook, following Italian Prime Minister Mario Draghi's decision to resign after the coalition party collapses. The iShares MSCI Italy Capped ETF (EWI) decreased 4.7% on Thursday.

U.S. markets and stock exchange traded funds rebounded on Thursday as some traders tried to pick out some more heavily sold-off segments. On Thursday, the Invesco S&P 500 Equal Weight ETF (RSP), which follows the S&P 500 Equal Weight Index (EWI), rose 0.5%.

U.S. markets and stock exchange traded funds were higher on Wednesday after updated data on inflation was more or less in line with expectations but was still at its highest level in four decades. On Wednesday, the Invesco S&P 500 Equal Weight ETF (RSP), which follows the S&P 500 Equal Weight Index (EWI), was flat.

U.S. markets and stock exchange traded funds rebounded on Tuesday after Federal Reserve Chairman Jerome Powell reaffirmed the central bank's commitments to tighten its monetary policy and combat inflationary pressures. On Tuesday, the Invesco S&P 500 Equal Weight ETF (RSP), which follows the S&P 500 Equal Weight Index (EWI), rose 0.8%.

U.S. markets and stock exchange traded funds were mixed on Tuesday, with the technology sector dragging on equities. On Tuesday, the Invesco S&P 500 Equal Weight ETF (RSP), which follows the S&P 500 Equal Weight Index (EWI), rose 0.7%.

iShares MSCI Italy ETF is a US stock and trading under the symbol EWI

iShares MSCI Italy ETF stock price is $30.05 today.

Yes, iShares MSCI Italy ETF is a publicly traded company.