American markets rose again in Thursday trading as some of the world’s most important central banks launched a coordinated effort to provide dollar liquidity to market participants through the end of the year. Thanks to this bold move by the ECB, SNB, BOJ, and BOE, as well as coordination from the Fed, the Dow managed to gain close to 1.7% on the day, beating out the tech-heavy Nasdaq which rose by 1.3% but failing to match the slightly higher gain from the S&P 500. In commodity markets, oil finished close to the $89.25/bbl. mark on hopes of more economic activity while gold slumped below $1,800/oz. as European fears continue to cool off. Other resources were more mixed as most energy products rose, almost all of the softs fell, and industrial metals rose broadly. In currency trading, the U.S. dollar fell against most of the world’s major currencies, sliding by about [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VGK Sinks On Italian Woes, UNG Rises On Rig Count Drop Daily ETF Roundup: VGK Sinks On Euro’s Woes, UNG Soars On Weather Forecast Daily ETF Roundup: VGK Tumbles, UNG Continues Surge Daily ETF Roundup: UNG Slides, VGK Soars Daily ETF Roundup: UNG Tumbles, VGK Soars
American markets rose again in Thursday trading as some of the world’s most important central banks launched a coordinated effort to provide dollar liquidity to market participants through the end of the year. Thanks to this bold move by the ECB, SNB, BOJ, and BOE, as well as coordination from the Fed, the Dow managed to gain close to 1.7% on the day, beating out the tech-heavy Nasdaq which rose by 1.3% but failing to match the slightly higher gain from the S&P 500. In commodity markets, oil finished close to the $89.25/bbl. mark on hopes of more economic activity while gold slumped below $1,800/oz. as European fears continue to cool off. Other resources were more mixed as most energy products rose, almost all of the softs fell, and industrial metals rose broadly. In currency trading, the U.S. dollar fell against most of the world’s major currencies, sliding by about [...]
Click here to read the original article on ETFdb.com.
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