Domestic equity indexes sank desperately lower as ongoing Euro zone debt woes paved the way for rampant profit-taking across virtually every corner of the market. Investor confidence further declines as worries over the domestic supercommittee sparked waves of fear that the U.S. would soon be plagued by debt woes of its own. Bullish momentum failed to gain traction on Wall Street despite the better-than-expected new home starts data along with a positive unemployment report. Crude oil gave up much of yesterday’s stellar gains, sinking all the way down to $99 a barrel as the trading session drew to a close. Gold plunged alongside equities as futures prices for the precious yellow metal settled near $1,720 an ounce.
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Equity markets finished in green territory on Tuesday as investors overseas rejoiced over optimistic-speculations that the new Italian Minister, Mario Monti, would bring order and ensure stability in the debt burdened nation. Investors had a reason to smile on the home front as well, after U.S. retail sales came in at 0.5%, surpassing analyst expectations [...]
Equity indexes all over the world turned for the worst as Italian debt woes stole the headlines and sparked a massive sell-off across virtually every corner of the market. Investors dumped stocks as yields on 10-Year Italian bonds soared over 7%, leading to widespread fear that EU leaders are not well prepared to deal with [...]
Since the downgrade of U.S. credit quality in August, investors have turned their attention to the debt drama taking place overseas. Several Euro zone member nations have fallen victim to mounting government deficits, which has inevitably contributed to investor worries over the health of the financially fragile currency bloc. Economic growth has also been lackluster [...]
Stocks bounced back higher on Wednesday as investors took the opportunity to scoop up beaten down securities on the cheap following Tuesday’s massive sell-off. With no news headlines from the Euro zone, trading was quite tame on Tuesday as investors turned to the FOMC decision on the home front. The Fed left interest rates unchanged [...]
Equity markets have taken investors for a wild ride over the past three months with chaotic trading dominating virtually every nook and corner of Wall Street. Amidst the volatility, investors have been seeking out refuge and fleeing to “safer” asset classes; although rational, this approach inevitability overlooks certain corners of the market that may in [...]
Good news from the Euro zone lifted investor’s spirits on Monday as equity markets cheered on agreement talks aimed at restoring financial stability in the debt-burdened country bloc. Earnings results from Caterpillar boosted domestic equity indexes higher after the construction giant reported a better-than-expected profit of $1.14 billion. Encouraging commentary from the company cited that [...]
The Euro Free Europe ETFdb Portfolio is now available to ETFdb Pro members, offering an option for those who wish to construct a portfolio that offers well-rounded exposure to European markets, while at the same time avoiding any euro-denominated assets. This portfolio may appeal to investors who are bullish on the economic recovery overseas and [...]
Wall Street got off to a roaring start as optimism from the euro zone spilled over on Monday. Domestic equity indexes surged, with the Dow Jones Industrial Average gaining upwards of 300 points, as investor confidence saw a big boost after France and Germany pledged their full support to restoring stability in the banking sector [...]
Stocks climbed higher on Wednesday as investors cheered a better-than-expected ADP employment report along with optimism that Europe would recapitalize its banks. “These economic data points really point toward an environment that is slow growth and not a recession, yet we’ve priced in a recession,” said Burt White, chief investment officer for LPL Financial. Many [...]
Rydex, the firm behind the CurrencyShares suite of exchange-traded products, made a splash with the latest addition to its product lineup on Tuesday. The recently-launched CurrencyShares Chinese Renminbi Trust (FXCH) will offer exposure to the official currency of the People’s Republic of China, bringing the total number of currency products offered by the company up [...]
