Stock markets endured yet another up-down day on Wednesday as investor anxiety over the upcoming European summit paved the way for range-bound trading. At home, the Dow Jones Industrial Average gained 0.34%, while the Nasdaq lagged behind, loosing 0.01% on the day. Uncertainty resurfaced after a German government official hinted that the nation would reject a proposal to combine the current and permanent Euro zone rescue funds. Gold prices appreciated as investors piled into the precious metal in anticipation of the upcoming European summit on Friday. Prices for the yellow metal settled near $1,745 an ounce as the trading session drew to a close. Investors will shift their attention to the Euro zone later today as the European Central Bank announces its decision regarding interest rates and releases forward-looking commentary about the region’s economic outlook. Volatile trading may follow in the currency markets as analysts are expecting for a rate [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: FXE, KROO, UNG Wednesday’s ETF Chart To Watch: Rydex CurrencyShares Euro Currency Trust (FXE) ETF Insider: Expect More Volatility Three Long/Short Ideas For Euro Zone Debt Drama Thursday’s ETF Chart To Watch: Rydex CurrencyShares Euro Trust (FXE)
Stock markets endured yet another up-down day on Wednesday as investor anxiety over the upcoming European summit paved the way for range-bound trading. At home, the Dow Jones Industrial Average gained 0.34%, while the Nasdaq lagged behind, loosing 0.01% on the day. Uncertainty resurfaced after a German government official hinted that the nation would reject a proposal to combine the current and permanent Euro zone rescue funds. Gold prices appreciated as investors piled into the precious metal in anticipation of the upcoming European summit on Friday. Prices for the yellow metal settled near $1,745 an ounce as the trading session drew to a close. Investors will shift their attention to the Euro zone later today as the European Central Bank announces its decision regarding interest rates and releases forward-looking commentary about the region’s economic outlook. Volatile trading may follow in the currency markets as analysts are expecting for a rate [...]
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