Daniela Pylypczak is a regular contributor to ETFdb.com, where she has written on topics such as emerging markets ETFs, dividend ETFs, and Europe ETFs. Daniela is also responsible for publishing the popular Monthly ETF Roundup, which highlights all the new exchange-traded funds to begin trading each month.
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It was a volatile session on Wall Street today, fueled by concerns over potential Fed policy changes and disappointing data from China. Overnight, Japan’s Nikkei Stock average plummeted over 7%, sparking a broad global sell off and a brutal open in the U.S.. Stocks did, however, manage to recover some earlier losses after several better-than-expected economic readings were reported; U.S. new-home sales topped analysts forecasts, while the Labor Department reported unemployment benefits falling by 23,000 last week. In a separate report, flash Markit manufacturing PMI also came in stronger than expected in May [see The Cheapest ETF for Every Investment Objective].
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It’s been a choppy few sessions on Wall Street so far this week, as investors shifted their attention to the Federal Reserve and commentary on the Central Bank’s massive stimulus measures. Over the last few days, Fed presidents from Chicago, St. Louis and New York have emphasized that the Central Bank’s stimulus measures have been “effective” and indicated that a change in asset purchases could be seen in the near future. Yesterday, however, Ben Bernanke gave an even stronger signal to the markets, stating that the Fed could “take a step down” from the purchases within the time frame of the next few policy-setting meetings if economic data supports the change. The Fed President was still adamant that for now the Central Bank will remain on its current stimulus course [see The Cheapest ETF for Every Investment Objective].
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Markets took their cue from Ben Bernanke today, as the chairman commented on the Fed’s monetary policy before the Senate’s Joint Economic Committee in Washington. Though Bernanke stated that the central bank will continue its current stimulus measures, he indicated that changes may be made, but when they will happen, he simply “does not know.” [...]
Interest in emerging market equities has grown rapidly over the years, as investors flock to this lucrative corner of the global market. In addition to providing diversification benefits, emerging market exposure also has the potential to produce uncorrelated returns for those willing to take on the higher level of risk. And while there are numerous [...]
Wall Street regained some of its momentum today as investors digested the latest commentary from two Fed officials. Helping boost equities were a pair of speeches from St. Louis Fed President James Bullard and New York Fed President William Dudley; Bullard commented that the central bank’s stimulus measures have been “effective” and expressed his continuing [...]
With major U.S. equity indexes continuing to push into uncharted territory, 2013 has undoubtedly brought back bullish momentum in full force. As investors pile back into equities, certain corners of the market that were once hammered by the 2008 financial crisis are now finally showing signs of life. Cyclical industries in particular have benefited significantly from this [...]
U.S. equities seemingly took a breather today from last week’s record run, as investor concern over the Fed scaling back its major bond buying program weighed heavily on the markets. Today, Federal Reserve Bank of Chicago President Charles Evans commented that while the central bank’s stimulus measures have made good progress, officials need “a little [...]
While investors continue to utilize exchange-traded products to add geographic diversity to their portfolios, few have considered the impact of currency fluctuations on their foreign, non-U.S. dollar-denominated investments. Martin Kremenstein, Americas Head of Passive Asset Management at Deutsche Asset & Wealth Management, recently took time to discuss with us key points investors should know about foreign [...]
Last week, Wall Street digested a slew of mixed economic data, which had equities struggling to hang on to bullish momentum. Initial jobless claims and benefits, housing starts, industrial production and manufacturing activity all came in below expectations; however, building permits, small business optimism, retail sales, and consumer sentiment did manage to top analysts’ expectations. Investors [...]
During the final hour of trading, U.S. equities rallied higher with the Dow Jones Industrial Average and S&P 500 hitting fresh highs and all three major averages posting their fourth-straight weekly gain. Bolstering stocks were a pair of domestic economic reports. The University of Michigan’s consumer sentiment index for May rose to its highest level [...]
U.S. equity markets struggled to maintain bullish momentum as several mixed economic reports hit the streets. Industrial production, manufacturing activity and initial jobless claims all came in below expectations, while U.S. retail sales and small business optimism beat analysts’ forecasts. Meanwhile, investors paid close attention to commentary from legendary hedge fund manager David Tepper, who stated that he [...]
U.S. equities ended near session lows after several disappointing economic reports curbed bullish momentum today. The Labor Department reported a surprise uptick in jobless benefits, which posted the biggest one-week increase since November. Meanwhile U.S. building permits topped analysts’ expectations, while housing starts for April declined, posting its weakest reading since November. The Federal Reserve [...]