Stocks crept lower yesterday as disappointing ISM non-manufacturing data results put a lid on domestic recovery hopes; the figure came in at 52.1, falling short of the 52.9 analyst estimate as well as last month’s reading of 53.7. In international news, both the European Central Bank and China’s central bank cut interest rates in an effort to spur economic growth in a global environment largely characterized by uncertainty and stagnation [see also 4 Little Known Factors Driving The Price Of Natural Gas]. Investors will keep their attention focused on the homefront later today as the latest employment data hits the Street at the opening bell. As such, the iShares Barclays 20 Year Treasury Bond Fund (TLT) could see a surge in trading volumes if the unemployment rate unexpectedly moves in either direction; analysts are predicting for the rate itself to remain unchanged at 8.2% while nonfarm payrolls are expected to come in at 100,000 versus [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Mixed Data Welcomes Choppy Trading Friday’s ETF Chart To Watch: Barclays 20 Year Treasury Bond Fund (TLT) ETF Insider: Buy On The Dip With Caution Wednesday’s ETF Chart To Watch: Barclays 20 Year Treasury Bond Fund (TLT) Hitchhiker’s Guide To The ETF Galaxy
Stocks crept lower yesterday as disappointing ISM non-manufacturing data results put a lid on domestic recovery hopes; the figure came in at 52.1, falling short of the 52.9 analyst estimate as well as last month’s reading of 53.7. In international news, both the European Central Bank and China’s central bank cut interest rates in an effort to spur economic growth in a global environment largely characterized by uncertainty and stagnation [see also 4 Little Known Factors Driving The Price Of Natural Gas]. Investors will keep their attention focused on the homefront later today as the latest employment data hits the Street at the opening bell. As such, the iShares Barclays 20 Year Treasury Bond Fund (TLT) could see a surge in trading volumes if the unemployment rate unexpectedly moves in either direction; analysts are predicting for the rate itself to remain unchanged at 8.2% while nonfarm payrolls are expected to come in at 100,000 versus [...]
Click here to read the original article on ETFdb.com.
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