Wall Street was fairly flat yesterday as euro zone euphoria tapered off after the Slovak government fell short on votes needed to approve the region’s $600 billion bailout fund. Chris Walker, strategist at UBS, added, “Overall, we believe the vote will eventually pass, probably now later in the week and under a caretaker government, but nonetheless these are unwelcome headlines for already shaky markets”. Investors were also hesitant to jump into the equity markets prior to the start of earnings season, which was kicked-off by Alcoa after the closing bell yesterday. Gold prices took a dive lower prior to the opening bell on Tuesday, although the precious metal still appears poised to move higher given the rising level of support that it has established. Nonetheless, futures prices for the yellow metal settled around $1,660 an ounce for the day, roughly in line with where they began the session. Earnings season is [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Greece Flirts With Default ETF Insider: Does Gold Still Glitter? ETF Insider: Markets At Fed’s Mercy March ETF Stats: Another Solid Quarter January ETF Flows: Hot Start To 2011
Wall Street was fairly flat yesterday as euro zone euphoria tapered off after the Slovak government fell short on votes needed to approve the region’s $600 billion bailout fund. Chris Walker, strategist at UBS, added, “Overall, we believe the vote will eventually pass, probably now later in the week and under a caretaker government, but nonetheless these are unwelcome headlines for already shaky markets”. Investors were also hesitant to jump into the equity markets prior to the start of earnings season, which was kicked-off by Alcoa after the closing bell yesterday. Gold prices took a dive lower prior to the opening bell on Tuesday, although the precious metal still appears poised to move higher given the rising level of support that it has established. Nonetheless, futures prices for the yellow metal settled around $1,660 an ounce for the day, roughly in line with where they began the session. Earnings season is [...]
Click here to read the original article on ETFdb.com.
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