Get Market Pulse's stock picks in your inbox! Sign up for our free Newsletter today!

June 12, 2012 at 12:49 PM EDT
Mid Day Roundup: UK Leads Europe ETFs Higher
Yesterday, investors couldn’t stay further away from equities as the latest Spain bailout developments cast an atmosphere of doubt over the markets. Understandably, panic selling quickly ensued, pushing major equity indexes lower across the board. Today, however, it’s a much different story on Wall Street. Whether its short-term memory loss, or simply the case of fabricated idealism, investors are now “hopeful” that Spain’s bailout plan will successfully restore some much needed confidence in the country’s economy [see also Seven Simple & Cheap ETF Model Portfolio]. With refortified confidence, trading in the Euro zone ended on a high note today, allowing markets to inch their way up into positive territory with relatively modest gains at closing. Despite the uptick in European equities, Italian and Spanish bond yields rose sharply, giving proof that perhaps investors are still not ready to cast aside all their European fears just yet. As domestic markets opened, Wall Street responded with renewed enthusiasm, pushing equities higher; [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Looking Overseas For Opportunities World Cup Of ETFs: Plays On All 32 Countries ETF Plays For The End Of Europe’s Recession Europe ETFs: All Over The Board Tuesday’s ETF Chart To Watch: MSCI United Kingdom Index Fund (EWU)
Yesterday, investors couldn’t stay further away from equities as the latest Spain bailout developments cast an atmosphere of doubt over the markets. Understandably, panic selling quickly ensued, pushing major equity indexes lower across the board. Today, however, it’s a much different story on Wall Street. Whether its short-term memory loss, or simply the case of fabricated idealism, investors are now “hopeful” that Spain’s bailout plan will successfully restore some much needed confidence in the country’s economy [see also Seven Simple & Cheap ETF Model Portfolio]. With refortified confidence, trading in the Euro zone ended on a high note today, allowing markets to inch their way up into positive territory with relatively modest gains at closing. Despite the uptick in European equities, Italian and Spanish bond yields rose sharply, giving proof that perhaps investors are still not ready to cast aside all their European fears just yet. As domestic markets opened, Wall Street responded with renewed enthusiasm, pushing equities higher; [...]

Click here to read the original article on ETFdb.com.

Related Posts:

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
Stock Information and Stock Picks Each Month