Equity markets kicked off the week on a fairly lackluster note as major indexes oscillated between minor gains and losses throughout the day after posting a strong finish last Friday. Fiscal cliff woes are back in the headlines as investors continue to look for signs of certainty amid an outlook largely clouded with potential tax hikes. As such, political gridlock will continue to foster choppy trading as Democrats are standing by their efforts to raise taxes for those in the high-income bracket, while Republicans vouch their support for limiting deductions [Download 101 ETF Lessons Every Financial Advisor Should Learn]. As the eurozone continues to struggle with its own budgeting battle, investors may turn their attention to the Rydex CurrencyShares British Pound Sterling Trust , which may see an uptick in trading activity following the overnight reaction to the latest GBP gross domestic product data. Analysts are expecting Great Britain’s economy to have grown by 1% for the quarter, [...] Click here to read the original article on ETFdb.com. Related Posts: 3 ETFs To Watch This Week: EWJ, FXB, RTH Tuesday’s ETF Chart To Watch: CurrencyShares British Pound Sterling Trust (FXB) 3 ETFs To Watch This Week: FXA, FXB, FXE ETF Insider: Uptrend Holds, Correction Pressures Build ETF Insider: Bears Are Lurking
Equity markets kicked off the week on a fairly lackluster note as major indexes oscillated between minor gains and losses throughout the day after posting a strong finish last Friday. Fiscal cliff woes are back in the headlines as investors continue to look for signs of certainty amid an outlook largely clouded with potential tax hikes. As such, political gridlock will continue to foster choppy trading as Democrats are standing by their efforts to raise taxes for those in the high-income bracket, while Republicans vouch their support for limiting deductions [Download 101 ETF Lessons Every Financial Advisor Should Learn]. As the eurozone continues to struggle with its own budgeting battle, investors may turn their attention to the Rydex CurrencyShares British Pound Sterling Trust , which may see an uptick in trading activity following the overnight reaction to the latest GBP gross domestic product data. Analysts are expecting Great Britain’s economy to have grown by 1% for the quarter, [...]
Click here to read the original article on ETFdb.com.
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