Stocks drifted lower to start the week as resurfacing Euro zone debt woes brought back the bears. Domestic equity indexes retreated into red territory after European leaders put pressure on Greek lawmakers to meet and accept the conditions of the proposed $171 billion bailout. Investors were spooked as worries intensified after Greek leaders failed to reach a unified agreement, further delaying the ongoing debt drama. Uncertainty in equity markets overseas paved the way higher for the U.S. dollar in the currency markets; likewise, gold prices encountered selling pressures and settled near $1,720 an ounce for the day [see ETF Insider: Will Euro Woes Rain On The Bull's Parade?]. With no major economic data releases on the home front this week, investors will likely turn their attention back to developments in the debt burdened currency bloc. Gold prices have been quietly inching higher alongside equity markets these past few weeks, however, [...] Click here to read the original article on ETFdb.com. Related Posts: ETFs: The $10 Billion Club 2011 Recap: Another Big Year For ETFs Ten New Year’s Resolutions For ETF Investors November ETF Stats: Small Step Back What’s The Difference? Understanding What Distinguishes Similar ETFs
Stocks drifted lower to start the week as resurfacing Euro zone debt woes brought back the bears. Domestic equity indexes retreated into red territory after European leaders put pressure on Greek lawmakers to meet and accept the conditions of the proposed $171 billion bailout. Investors were spooked as worries intensified after Greek leaders failed to reach a unified agreement, further delaying the ongoing debt drama. Uncertainty in equity markets overseas paved the way higher for the U.S. dollar in the currency markets; likewise, gold prices encountered selling pressures and settled near $1,720 an ounce for the day [see ETF Insider: Will Euro Woes Rain On The Bull's Parade?]. With no major economic data releases on the home front this week, investors will likely turn their attention back to developments in the debt burdened currency bloc. Gold prices have been quietly inching higher alongside equity markets these past few weeks, however, [...]
Click here to read the original article on ETFdb.com.
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