Equity markets kicked off the the week on a sour note as profit-taking pressures spilled over on the homefront following another gridlocked weekend in Europe. Investors extended last week’s theme of profit-taking after it was reported that German Chancellor Angela Merkel and French President Francois Hollande failed to agree on a time frame for initiating joint oversight of the currency bloc’s banking system. This week should offer plenty of catalysts for traders as a number of key reports are slated to hit the street, including U.S. GDP and a handful of housing market statistics [see also ETF Insider: Bears Are Lurking]. The spotlight will come later today as markets digest the latest consumer confidence data. This make the StateStreet SPDR S&P Retail ETF (XRT, A-) our fund to watch for the day as it may experience volatile trading following the release. Analysts are expecting a modest improvement in consumer sentiment, with estimates coming in at [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bears Are Lurking Friday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) 5 Chart Patterns Every ETF Trader Should Know Thursday’s ETF Chart To Watch: SPDR S&P Retail ETF (XRT) ETF Insider: Bulls Look To Data Before Resuming Rally
Equity markets kicked off the the week on a sour note as profit-taking pressures spilled over on the homefront following another gridlocked weekend in Europe. Investors extended last week’s theme of profit-taking after it was reported that German Chancellor Angela Merkel and French President Francois Hollande failed to agree on a time frame for initiating joint oversight of the currency bloc’s banking system. This week should offer plenty of catalysts for traders as a number of key reports are slated to hit the street, including U.S. GDP and a handful of housing market statistics [see also ETF Insider: Bears Are Lurking]. The spotlight will come later today as markets digest the latest consumer confidence data. This make the StateStreet SPDR S&P Retail ETF (XRT, A-) our fund to watch for the day as it may experience volatile trading following the release. Analysts are expecting a modest improvement in consumer sentiment, with estimates coming in at [...]
Click here to read the original article on ETFdb.com.
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