Yesterday European Commission stated that they expect $14.3 trillion economy of the 27-nation European Union which raises growth estimation up to 2.7 percent this year (previous forecast stated 2.4 percent growth). The Commission also mentioned that EU economy growth may outpace growth in United States.

Our take: since more then 60 percent of I Fund invested in European market those are great news for us.

Target: I Fund / Short-term: Positive / Long-term: Positive