Once again markets traded in a tight range for the majority of the session, dipping in and out of red territory. A pair of mixed economic reports kept trading volumes at painfully low levels as investors weighed the latest news. For the first time in two years, U.S. home prices rose in June as more buyers chased fewer homes. The positive news helped overshadow a rather sour consumer confidence report, which came in significantly lower than expected. ECB President Mario Draghi made the headlines today after he announced that he will not be attending this week’s highly anticipated international gathering of central bankers in Jackson Hole, citing a “very heavy workload” as his excuse for his absence. And while everyone continues to keep their eyes on Jackson Hole, traders should prepare for a couple more excruciatingly boring sessions [see also Seven Simple & Cheap ETF Model Portfolio]. Global Market Overview: Home Prices Pop, [...] Click here to read the original article on ETFdb.com. Related Posts: 5 Gold Metal ETFs For The 2012 Olympics ETF Insider: No News Could Be Good News ETF Insider: Dismal Quarter Ends On Upbeat Note ETF Insider: Data Back In Focus As Stimulus Hopes Fade Energy ETF Cheat Sheet: Expenses, Dividends, And Returns
Once again markets traded in a tight range for the majority of the session, dipping in and out of red territory. A pair of mixed economic reports kept trading volumes at painfully low levels as investors weighed the latest news. For the first time in two years, U.S. home prices rose in June as more buyers chased fewer homes. The positive news helped overshadow a rather sour consumer confidence report, which came in significantly lower than expected. ECB President Mario Draghi made the headlines today after he announced that he will not be attending this week’s highly anticipated international gathering of central bankers in Jackson Hole, citing a “very heavy workload” as his excuse for his absence. And while everyone continues to keep their eyes on Jackson Hole, traders should prepare for a couple more excruciatingly boring sessions [see also Seven Simple & Cheap ETF Model Portfolio]. Global Market Overview: Home Prices Pop, [...]
Click here to read the original article on ETFdb.com.
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