Although many emerging markets still have excellent growth prospects, they have been hammered in recent weeks thanks to a ‘risk off’ trade in equities. Broad funds targeting this space, such as VWO or EEM, have fallen sharply in this time period, declining by nearly 16.8% in the past quarter alone. While this may sound bad, it is nothing compared to the steep losses that some specific markets have been facing, especially those tied to natural resources. Russia in particular has been cast aside by many investors in this time frame, pushing shares of the economic juggernaut down by close to 25% in the past three month period. [click to continue…]
American equity markets had a day to remember during Monday’s trading session as major benchmarks plunged across the board thanks to Standard & Poor’s downgrade of U.S. sovereign debt. The ratings agency dethroned the world’s largest economy from its AAA rating one notch to AA+, causing a ripple effect throughout the market as investors reassessed [...]
This past week was one of the worst the markets have seen since the crash in 2008. Lawmakers in Washington came to a consensus regarding the debt-ceiling, voting to raise the limit on our nation’s already towering deficit. Investor sentiment was pessimistic nonetheless and equity markets sold off even after the debt-drama appeared to be [...]
Monday was yet another down day for Wall Street as stocks started the week in red territory given the anticipation surrounding the debt-ceiling negotiations. Even after lawmakers in Washington passed the debt-deal on Tuesday, equities still tanked in afternoon trading as investors went into a selling-frenzy. Persistent uncertainty and broad-based weakness continue to pave the [...]
Investors went along for a downhill ride last week as debt woes plagued Wall Street, sending the S&P 500 lower by nearly 4% for the week. Corporate earnings were mostly surprises to the upside, but equities failed to stage a meaningful comeback since investors were more concerned with the debt ceiling drama at home. As [...]
The past week saw a furious rally in equity markets across the globe, with the big run-up occurring at a time when many least suspected a bump. All eyes were on Greece to start the week, and concerns had been intensifying over undesirable developments in one of the most cash-strapped developed economies in the world. [...]
This week saw stocks go on one of their best winning streaks in recent memory as the S&P 500 gained close to 3.1% since the market opened on Monday. Most of these gains came as traders and investors alike bought up securities ahead of the Greek austerity measure decision on Wednesday, assuming that Athens would [...]
Although the Greek crisis tapered off to finish the week, plenty of risks remain in the overall economy, causing stocks to sink broadly across the board. Italian debt concerns are now coming to the forefront and more doom and gloom over the American economy– not to mention the debt ceiling– is continuing to plague equities [...]
Direxion rolled out the latest additions to its lineup of leveraged and inverse ETFs today, introducing products that offer 3x daily exposure to Russian equities and the global agribusiness sector. The new ETFs include:
Today marks the first day of trading for the Market Vectors Russia Small-Cap ETF (RSXJ), the first exchange-traded product offering U.S. investors exposure to small cap Russian stocks. The new fund from Van Eck will seek to replicate the performance of the Market Vectors Russia Small-Cap Index, a benchmark that includes about 35 small cap [...]
U.S.-listed ETP assets grew to $1.078 trillion at the end of March according to the latest data from the National Stock Exchange, putting the cap on another solid quarter of growth for the industry. Cash inflows in March totaled $11.2 billion, a material increase from $7.4 billion the month before. That figure could have been [...]
