A senior Europe Central Bank official reportedly said few hours ago "We're very worried about Italy."--The stock market publicly stated (last Friday) its worries about Italy before the ECB did. The Italy ETF stock (EWI) significantly gapped down last Friday.

Few hours ago they announced a meeting scheduled for tomorrow Monday. Participants would include: European Central Bank President, The Chairman of the finance ministers, The European Commission President, and the economic and monetary affairs commissioner. The matter might be serious as evidenced by the top positions of the meeting participants dealing with the euro zone debt crisis, reflecting concern that the crisis could spread to Italy (Italy is the third largest economy in the European union)

Stock market bears typically love such news, as it provides for them a catalyst for down moves. The list of stocks in the EWI EFT is included below.

In a next article we would possible ramifications of this news on EFT stocks that such as the XLF ETF stock, and the XLE EFT stock.

A weakness in the EUR vs the dollar might lead to a fall in oil price, and if it does might also impact XLE stocks.

The list of stocks in the EWI ETF is included below. Also included is a list of stocks in the XLE EFT stock.

Symbol Name
ENI ENI SPA
ENEL ENEL SPA
UCG UNICREDIT SPA
ISP INTESA SANPAOLO
G ASSICURAZIONI GENERALI
SPM SAIPEM
TIT TELECOM ITALIA SPA
TEN TENARIS SA
FI FIAT INDUSTRIAL
SRG SNAM RETE GAS
F FIAT SPA
TRN TERNA SPA
ATL ATLANTIA SPA
MB MEDIOBANCA SPA
FNC FINMECCANICA SPA
TITR TELECOM ITALIA-RSP
UBI UBI BANCA SCPA
PLT PARMALAT SPA
BP BANCO POPOLARE SPA
EGPW ENEL GREEN POWER SPA
LUX LUXOTTICA GROUP SPA
PRY PRYSMIAN SPA
MS MEDIASET SPA
BMPS BANCA MONTE DEI PASCHI SIENA
A2A A2A SPA
EXO EXOR
PC PIRELLI & C.
CRG BANCA CARIGE SPA
AGL AUTOGRILL SPA
ISPR INTESA SANPAOLO-RSP
BLACKROCK FDS III

Stock Holdings in the XLE ETF Stock Fund:

Name    Stock Symbol


Exxon Mobil Corp. XOM

Chevron Corp. CVX

Schlumberger Ltd. SLB

CONOCOPHILLIPS COP

Occidental Petroleum Corp. OXY

Halliburton Co. HAL

Apache Corp. APA

Anadarko Petroleum Corp. APC

National Oilwell Varco Inc. NOV

Baker Hughes Inc. BHI

Devon Energy Corp. DVN

EOG Resources Inc. EOG

Marathon Oil Corp. MRO

Hess Corp. HES

Chesapeake Energy Corp. CHK

Williams Cos. WMB

El Paso Corp. EP

Spectra Energy Corp. SE

Pioneer Natural Resources Co. PXD

Peabody Energy Corp. BTU

Noble Energy Inc. NBL

Valero Energy Corp. VLO

Cameron International Corp. CAM

Southwestern Energy Co. SWN

FMC Technologies Inc. FTI

Consol Energy Inc. CNX

Murphy Oil Corp. MUR

Denbury Resources Inc. DNR

Cabot Oil & Gas Corp. COG

Marathon Petroleum Corp. MPC

Range Resources Corp. RRC

Rowan Cos. Inc. RDC

Nabors Industries Ltd. NBR

Sunoco Inc. SUN

Tesoro Corp. TSO

Alpha Natural Resources Inc. ANR

Noble Corp. NE

Newfield Exploration Co. NFX

Diamond Offshore Drilling Inc. DO

EQT CORP. EQT

QEP Resources Inc. QEP

Helmerich & Payne Inc. HP

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