Domestic equity indexes started off the week in red territory after Euro zone euphoria seemingly disappeared. Traders were quick to scale back their risk exposure after German Chancellor Angela Merkel implied that investors were getting ahead of themselves in anticipation of a quick-fix to the region’s towering debt troubles. It’s not terribly surprising to see clouds of uncertainty emerge once again, seeing as how equity markets were a bit too optimistic last week in pricing in a debt-resolution plan, when in fact lawmakers are far from devising a comprehensive solution [see Euro Free Europe Portfolio Now Available]. Gold futures remain range-bound and prices for the precious metal continue to drift along rising levels of support, with futures contracts settling around $1,670 an ounce for the day. China’s third-quarter GDP report came out earlier today, which makes the iShares FTSE China 25 Index Fund (FXI) our ETF to watch, seeing as [...] Click here to read the original article on ETFdb.com. Related Posts: Top 5 Free ETF Tools On ETFdb.com Daily ETF Roundup: FXI Jumps On Credit Plan, UNG Slumps On Mild Weather Daily ETF Roundup: VXX Tumbles On European Hopes, FXI Rises On Asset Purchase Plan Three ETFs To Watch This Week: FXI, FDN, ALUM Daily ETF Roundup: VXX Surges On End-Of-Quarter Selling, FXI Collapses On Slowdown Fears
Domestic equity indexes started off the week in red territory after Euro zone euphoria seemingly disappeared. Traders were quick to scale back their risk exposure after German Chancellor Angela Merkel implied that investors were getting ahead of themselves in anticipation of a quick-fix to the region’s towering debt troubles. It’s not terribly surprising to see clouds of uncertainty emerge once again, seeing as how equity markets were a bit too optimistic last week in pricing in a debt-resolution plan, when in fact lawmakers are far from devising a comprehensive solution [see Euro Free Europe Portfolio Now Available]. Gold futures remain range-bound and prices for the precious metal continue to drift along rising levels of support, with futures contracts settling around $1,670 an ounce for the day. China’s third-quarter GDP report came out earlier today, which makes the iShares FTSE China 25 Index Fund (FXI) our ETF to watch, seeing as [...]
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