Growing concerns over the European debt crisis resurfaced this week as rumors hurled the markets into volatile swings. Thursday saw perhaps the worst volatility as major stock indices sold off rapidly only to rally in mid-day trading after new hopes arose for this weekend’s E.U. summit. The week ended with strong gains for U.S. stocks on the back of Europe’s own stock market rally while oil and gold proved to be winners in the commodities space, as the weakening dollar and optimism for the resolution of Europe’s debt crisis created opportunities for some major gains. Although investors are hopeful for a potential solution to be presented at the E.U. summit, there are still concerns over the impact of Europe’s decision to either use leveraged funds to bailout Greece or to write-down the debt of the deeply troubled nation. Investors hope that after this weekend’s summit, a clearer plan to solve [...] Click here to read the original article on ETFdb.com. Related Posts: These Aren’t Your Grandfather’s Gold ETFs RBS Launches Crude Oil Trendpilot ETN May ETFdb Category Kings: Best Performing ETFs When ETNs Are Better Than ETFs Gold ETF For Trend Followers (TBAR) Debuts
Growing concerns over the European debt crisis resurfaced this week as rumors hurled the markets into volatile swings. Thursday saw perhaps the worst volatility as major stock indices sold off rapidly only to rally in mid-day trading after new hopes arose for this weekend’s E.U. summit. The week ended with strong gains for U.S. stocks on the back of Europe’s own stock market rally while oil and gold proved to be winners in the commodities space, as the weakening dollar and optimism for the resolution of Europe’s debt crisis created opportunities for some major gains. Although investors are hopeful for a potential solution to be presented at the E.U. summit, there are still concerns over the impact of Europe’s decision to either use leveraged funds to bailout Greece or to write-down the debt of the deeply troubled nation. Investors hope that after this weekend’s summit, a clearer plan to solve [...]
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