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Tickers in this Article: EWG, FXI, RTH
Sour global growth data combined with a rocky start to this quarter's earning season left markets down in the dumps during last week's holiday-shortened trading session. The International Monetary Fund announced thatit cut its forecast for global economic expansion to 3.3% from 3.5% in 2012, leading many to believe that this earnings season will reflect the rather grim outlook many have on the global economy. Already major bellwether stocks like Alcoa and Chevron have delivereddisappointingearnings reports, while JP Morgan and Wells Fargo showed surprising upticks in profits.This week, investors will once again see a number of earnings and economic reports from around the world. Below, we outline three ETFs that should see a fair amount of activity during the week ahead :

1.FTSE China 25 Index Fund (FXI)

Why FXI Will Be in Focus:FXI has over $4 billion in assets, an average daily volume topping 13 million and is easily the most popular fund dedicated to China. Its place in the spotlight will come several times throughout the week as China is set to release some important economic data. Sunday night and Monday morning will see both CPI results as well as new yuan loans, two reports that will have a big impact on this fund, especially given the fact that so many investors put heavy weight into China's massive consumer segment. On Thursday, China will report its GDP, which manybelievewill show yet another slowdown for the economy .

2.Market Vectors Retail ETF (RTH)

Why RTH Will Be In Focus:This ETF tracks an index that is comprised of the 25 largest U.S.-listed, publicly-traded retail companies, a targeted sub-sector of the consumer discretionary space. Top holdings include thebehemothWal-Mart, online retail giant Amazon and Home Depot.Investors should keep a close eye on RTH on Monday, as U.S. Advance Retail Sales for the month of September will be reported. The last reading came in at 0.9% for August, and analysts expect this figure to drop to 0.8% for September.

3.MSCI Germany Index Fund (EWG)

Why EWG Will Be In Focus:This fund is designed to measure the performance of the German equity market, and it is home to over $3.5 billion in total assets. EWG will come into focus on Tuesday as data on Germany's economic sentiment is released. In September, the analysts' reading was at -18.2, a 7.3 increase for the month. For October, analyst are predicting a significant drop in economic sentiment . If Germany is able to hit its marks, then look for EWG to see a nice boost. But a negative report or further issues involving the debt crisis could put this fund in the gutter.

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Disclosure: No positions at time of writing.

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