3 ETFs To Watch This Week: GLD, FXI, RTH
Equity markets were dominated by back-and-forth trading last week as mixed economic data releases at home collided with interest rate cuts in China and Europe. On the homefront, investors expressed their concerns as ISM manufacturing data showed a slowdown, although better-than-expected factory orders did offer some relief before the 4th of July holiday break for markets. When trading resumed on Thursday, however, selling pressures became the dominant force as investors were quick to take profits following the ECB rate cut, which many viewed as a sign that economic growth expectations for the region are even grimmer than previously thought. Friday’s employment report at home only added to the already towering list of uncertainties; the unemployment rate remained unchanged at 8.2% although the nonfarm payrolls figure missed analyst estimates by 20,000, coming in at 80,000 for the month of June. This week will be stacked with major economic data releases on all [...] Click here to read the original article on ETFdb.com. Related Posts: When Bigger Isn’t Better: Profiling ETF Alternatives To DJP, FXI, GLD ETF Insider: No Rest For The Bulls ETF Insider: Will Economic Data Derail The Bull Train? ETF Insider: Euro Woes Weigh On Earnings Introducing The New & Improved ETFdb.com
Equity markets were dominated by back-and-forth trading last week as mixed economic data releases at home collided with interest rate cuts in China and Europe. On the homefront, investors expressed their concerns as ISM manufacturing data showed a slowdown, although better-than-expected factory orders did offer some relief before the 4th of July holiday break for markets. When trading resumed on Thursday, however, selling pressures became the dominant force as investors were quick to take profits following the ECB rate cut, which many viewed as a sign that economic growth expectations for the region are even grimmer than previously thought. Friday’s employment report at home only added to the already towering list of uncertainties; the unemployment rate remained unchanged at 8.2% although the nonfarm payrolls figure missed analyst estimates by 20,000, coming in at 80,000 for the month of June. This week will be stacked with major economic data releases on all [...]
Click here to read the original article on ETFdb.com.
Related Posts:- When Bigger Isn’t Better: Profiling ETF Alternatives To DJP, FXI, GLD
- ETF Insider: No Rest For The Bulls
- ETF Insider: Will Economic Data Derail The Bull Train?
- ETF Insider: Euro Woes Weigh On Earnings
- Introducing The New & Improved ETFdb.com
