U.S. stocks were on edge this morning, as investors remain relatively pessimistic about the start of the second quarter earnings season. U.S. cynicism combined with continuing Euro Zone drama have understandably spooked investors, causing equities to slide into their third day of declines. After a slew of sour economic reports last week, markets were once again bombarded with less than cheery news from overseas. With the slowdown of powerhouse China’s economy as well as several other European countries, investors will continue to keep a close and cautious eye on how these macroeconomic events will impact U.S earnings [see also Seven Simple & Cheap ETF Model Portfolio]. Perhaps the biggest headline this morning was the announcement of the Chinese consumer and producer price indexes. China’s CPI came in at 2.2%, showing the most significant decline in inflation levels in over two years. The PPI also declined in the month of June, falling [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Earnings Jitters Are Back Why You Should Sell FXI, Buy GXC ETF Insider: Cautiously Bullish At Home Three ETFs To Watch This Week: GXC, IYG, VXX ETF Insider: Euphoria Simmers After Mixed Data
U.S. stocks were on edge this morning, as investors remain relatively pessimistic about the start of the second quarter earnings season. U.S. cynicism combined with continuing Euro Zone drama have understandably spooked investors, causing equities to slide into their third day of declines. After a slew of sour economic reports last week, markets were once again bombarded with less than cheery news from overseas. With the slowdown of powerhouse China’s economy as well as several other European countries, investors will continue to keep a close and cautious eye on how these macroeconomic events will impact U.S earnings [see also Seven Simple & Cheap ETF Model Portfolio]. Perhaps the biggest headline this morning was the announcement of the Chinese consumer and producer price indexes. China’s CPI came in at 2.2%, showing the most significant decline in inflation levels in over two years. The PPI also declined in the month of June, falling [...]
Click here to read the original article on ETFdb.com.
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