The grind continues on Wall Street as pre-election jitters at home coupled with the ongoing gridlock in the Euro zone have done little for restoring investors’ confidence. Markets will look to recoup last week’s shallow losses as trading activity is expected to pick up around major economic data releases; on the home front, U.S. GDP will steal the spotlight while European headlines should be expected to take precedence given the looming uncertainties still plaguing the currency bloc [see Free Report: How To Pick The Right ETF Every Time].
Weekly Outlook
Below, we highlight ETFs that may see an increase in trading activity as relevant market data is released and evaluated by investors:
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The bears were quick to return on Monday as last week’s massive end-of-week rally created dozens of profit-taking opportunities. Selling pressures from Europe spilled over as lawmakers struggled to set a timetable for moving forward with the proposed unified banking sector over the weekend. Adding to the list of uncertainties, the Empire state index came in [...]
Rain clouds gathered over the bull parade this weekend as Germany’s Bundesbank reiterated its concerns over the European Central Bank’s proposal to buy back government bonds. Profit taking pressures kicked off trading as uncertainty returned back to the markets after seemingly fading away in the last two weeks. Overseas markets will look for a definitive [...]
Low trading volumes and sparse data releases have been recurring themes over the past two weeks, letting the bulls coast higher without much effort. The headlines are back this week however, and hopefully more traders from vacation, as a number of key GDP releases from the Europe are expected to come into the spotlight. The technical picture [...]
Despite persistent threats from Europe and a continuing string of sour economic data releases on the homefront, the bulls demonstrated their resilience this past week as major equity indexes finished in green territory. Investors at home digested Ben Bernanke’s testimony to Congress, during which the Chairman emphasized looming risks but was also reluctant to offer [...]
Stocks ended on a positive note last week although Friday’s rally wasn’t enough to mask the looming uncertainties still plaguing virtually every corner of the global market. Asian markets remain wobbly on concerns over the Chinese economic recovery, while in Europe bond yields remain elevated as investors await for lawmakers to implement the Spanish rescue package. At [...]
Equity markets kicked off the week on a positive note as investors cheered on positive data on the homefront along with encouraging developments in Greece over the weekend. The latest home builder index came in at 29, surpassing the previous reading of 28 and helping to spark a rally across the construction sector. Amidst the [...]
After a week of worse-than-expected economic reports and ongoing tensions over Europe’s financial hopes, investors are looking ahead to this week’s FOMC meeting in hopes of a stimulus announcement. Elections in Greece have restored a bit of confidence nonetheless as early results over the weekend show the pro-austerity party in the lead. Despite this encouraging development, investors [...]
One of the most anticipated and watched sporting events in the world, the 2012 UEFA European Football Championship kicked off late last week. Euro 2012 marks a milestone for first-time host countries Ukraine and Poland, and many are hoping that the soccer tournament brings prosperity and inspires hope in the debt-burdened continent. There are competing [...]
After taking a beating last week, equity markets appear to be holding at key technical support levels at the start of this week. More specifically, watch for the S&P 500 Index as it fluctuates around the 1,300 mark; a break below this level could accelerate selling pressures and sink the benchmark to to anywhere from [...]
After a relatively dull week on Wall Street, the coming trading days will see the heat turned up on markets as a wealth of economic data will be reported from all over the world. But that is not to say that last week did not see any developing trends, as there were a few key [...]
