This week got off to a rocky start as Greece and Germany remained at odds regarding the fiscal future of the currency bloc. Many investors fear that without a significant aid package, Greece will endure a widespread default which has the potential to sink markets around the world. Despite the issues persisting overseas, the focus of the week will still be heavily centered around the U.S. economy, as we close out earnings season and report unemployment figures on Friday. With a number of bellwether firms slated to announce earnings in the next few days, markets may soon shrug off Greek fears and focus on the domestic economy instead [see also The Ten Commandments of Commodity Investing]. Today will see the most recent earnings statement from Exxon Mobil Corporation (XOM). Exxon had long been the largest company in the world by market capitalization, but after Apple’s (AAPL) stunning earnings announcement, XOM fell just [...] Click here to read the original article on ETFdb.com. Related Posts: In Search Of The Best Energy ETF Energy ETFs In Focus As Exxon Mobil (XOM) Reports Earnings AdvisorShares Rolls Out SectorSAM ETF (SSAM) How Low Can Vanguard Go? Sector ETFs Get Expense Cuts Daily ETF Roundup: XLE Soars On Crude’s Strength, VXX Falls As Markets Hold Firm
This week got off to a rocky start as Greece and Germany remained at odds regarding the fiscal future of the currency bloc. Many investors fear that without a significant aid package, Greece will endure a widespread default which has the potential to sink markets around the world. Despite the issues persisting overseas, the focus of the week will still be heavily centered around the U.S. economy, as we close out earnings season and report unemployment figures on Friday. With a number of bellwether firms slated to announce earnings in the next few days, markets may soon shrug off Greek fears and focus on the domestic economy instead [see also The Ten Commandments of Commodity Investing]. Today will see the most recent earnings statement from Exxon Mobil Corporation (XOM). Exxon had long been the largest company in the world by market capitalization, but after Apple’s (AAPL) stunning earnings announcement, XOM fell just [...]
Click here to read the original article on ETFdb.com.
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