U.S. equities finally started the week off on a higher note, though rising tensions over the conflict in Syria weighed heavily on the markets. Last Wednesday, the Senate backed President Obama’s request to strike Syria, bringing the U.S. one step closer to military intervention. In economic news, the Federal Reserve’s “beige book” showed the U.S. economy growing at a “modest to moderate” pace in July and August, fueled by consumer spending on housing and cars. Meanwhile, the Institute for Supply Management’s manufacturing PMI index came in higher in August, bucking analysts’ expectations for a slight decline; the non-manufacturing PMI index also beat expectations, rising to 58.9 from July’s 56 [see The Best (And Worst) Performing ETFs For Every Quarter].
Below, we highlight seven insightful articles circulating around the financial space this week:
- The death of independent oil companies (EconoMonitor)
- Nokia’s business in 3 charts (Quartz)
- How U.S. oil matters to global markets (EnergyTrends Insider)
- A bright spot in emerging market ETFs: PowerShares China ETF (PGJ, B) (Morpheus Trading)
- The BRICs party is over (VOX)
- Growth ETFs’ love affair with Apple (AAPL) (Institutional Investor)
- Learn about the Big Four economic indicators (dshort.com)
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Disclosure: No positions at time of writing.