Investors were in for a volatile day of trading today, as uncertainty surrounding the timing of Spain’s bailout request and festering concerns over the health of the global economy put a cap on gains today. After a morning filled with circulating rumors, Spanish Prime Minister Mariano Rajoy emphasized that the country’s request for a bailout, which would unleash a round of Spanish bond-buying by the European Central bank, is not one that is imminent. Since rumors earlier today had pointed to Spain formally requesting a bailout as early as next weekend, Rajoy’s announcement deflated enthusiasm that has helped buoy the markets. Until more concrete developments are made, investors have no reason to pump money into the markets, and so the bearish sentiment remains [see also October Edition Of ETF Edge Now Available]. Global Market Overview: Cautious Fed Is Ready To Take Action U.S. equities ended mixed today after a volatile session [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Sputter On Spain Stress Test Europe ETFs: Rising From The Dead Brief History Of ETFs Daily ETF Roundup: Draghi Delivers, Markets Applaud Daily ETF Roundup: Markets Slump On Jackson Hole Jitters
Investors were in for a volatile day of trading today, as uncertainty surrounding the timing of Spain’s bailout request and festering concerns over the health of the global economy put a cap on gains today. After a morning filled with circulating rumors, Spanish Prime Minister Mariano Rajoy emphasized that the country’s request for a bailout, which would unleash a round of Spanish bond-buying by the European Central bank, is not one that is imminent. Since rumors earlier today had pointed to Spain formally requesting a bailout as early as next weekend, Rajoy’s announcement deflated enthusiasm that has helped buoy the markets. Until more concrete developments are made, investors have no reason to pump money into the markets, and so the bearish sentiment remains [see also October Edition Of ETF Edge Now Available]. Global Market Overview: Cautious Fed Is Ready To Take Action U.S. equities ended mixed today after a volatile session [...]
Click here to read the original article on ETFdb.com.
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