Equity indexes took a dive lower as many investors stepped to the sidelines in anticipation of today’s key European summit in Brussels. Selling pressures hit Wall Street on Thursday after the European Central Bank cut rates as expected, but disappointed investors when it announced that it would not continue its bond repurchase program. On the home front, jobless claims fell by 23, 000, although the positive news was overshadowed by ongoing anxiety surrounding the Euro zone debt drama. Profit taking struck quick and hard in the gold futures market as prices for the precious metal plunged just before the opening bell, settling near $1,710 an ounce for the day.
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Late last year, Global X brought to market the FTSE Norway 30 ETF (NORW), the first-ever product to feature targeted exposure to Norway. While the FTSE Nordic 30 ETF (GXF) has been around since late 2009, it only features a 21% exposure to the Norwegian economy, leaving a major exposure gap that was waiting to be filled. [...]
Domestic equity indexes started off the week on a negative note as ongoing worries surrounding the European debt crisis paved the way for low-volume, profit taking across the board. Investors at home will soon deal with resurfacing debt drama in Washington as the November 23d deadline for Congress’ supercommittee approaches, which is faced with devising [...]
After another up-down week dominated by Euro zone debt drama, domestic equity indexes managed to clinch a gain amidst the volatility. Investor sentiment swayed wildly as the anticipation of Italian Prime Minister Berlusconi’s resignation coupled with ongoing Italian debt woes sparked sell-offs one day and rallies the next, across virtually every corner of the global [...]
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 [...]
Financial markets saw a whirlwind of activity last week as Euro zone debt woes swayed investor sentiment from euphoric to fearful. Equity markets came under serious selling pressures after news of a Greek referendum reignited default fears. Confidence in the currency bloc quickly returned however as the Greeks rescinded their referendum and bullish investors were [...]
Not too long ago, the Irish economy was the envy of much of the developed world. The country quickly developed a knowledge-based economy and saw high levels of growth for a number of years, thanks in large part to its ultra-low corporate tax rate which is at just 12.5%. Yet, the boom didn’t last and [...]
Earlier today, Eric Dutram, Analyst and Head of Editorial at ETF Database, was on BNN discussing ETFs that have been heavily impacted by the European debt crisis. In the interview, Eric gave his outlook for the European situation as well as some funds to avoid should events deteriorate further in the euro zone. Additionally, Eric [...]
Investors poured into U.S. Treasuries last week as far worse than expected economic data from the manufacturing and housing sectors sent waves of anxiety through equity markets both in the U.S. and abroad. Surprisingly enough, amidst all the chaos even gold failed to climb much higher and the precious metal closed just above $1,540 for [...]
This week has brought about a great deal of volatility in markets, as data from all across the globe pushes markets back and forth each day. One of the most talked about investments is crude oil, which has seen a particularly high amount of fluctuation over the past week, as the fossil fuel continues to [...]
China has long been considered the world’s most important economies, thanks to its massive size, tremendous potential, and impressive growth rates over the last two decades. With a population that is rapidly urbanizing, many predict the Chinese economy will be the largest in the world within just a decade, potentially knocking the U.S. from the [...]
