Euphoria swept over Wall Street yesterday as good news from the Euro zone pushed stock markets higher. Prime Minister George Papandreou assured investors that his nation would remain in the currency bloc after he announced that Greece would not hold a referendum to the “bailout plan” proposed earlier last week in Brussels. A surprise interest rate cut by the European Central Bank also helped add to the excitement as investors were glad to see the ECB taking pre-emptive meassures to ensure stability in the financially fragile region. Gold soared higher alongside equities and futures prices for the precious yellow metal settled around $1,765 an ounce for the day. The U.S. unemployment rate for the month of October is slated to come out tomorrow morning and analysts are largely expecting for the rate to remain unchanged at 9.1%. Investor confidence in the U.S. economy has improved considerably over the past month [...] Click here to read the original article on ETFdb.com. Related Posts: October ETF Data: Surge In Inflows, Back Above $1 Trillion 25 Things Every Financial Advisor Should Know About ETFs New At ETFdb: ETF Scorecards Offer In-Depth Analysis And Ranking Of Every ETF ETF Insider: Bulls Look To Sustain Momentum For ETF Investors, Currency Exposure Matters (More Than You Might Think)
Euphoria swept over Wall Street yesterday as good news from the Euro zone pushed stock markets higher. Prime Minister George Papandreou assured investors that his nation would remain in the currency bloc after he announced that Greece would not hold a referendum to the “bailout plan” proposed earlier last week in Brussels. A surprise interest rate cut by the European Central Bank also helped add to the excitement as investors were glad to see the ECB taking pre-emptive meassures to ensure stability in the financially fragile region. Gold soared higher alongside equities and futures prices for the precious yellow metal settled around $1,765 an ounce for the day. The U.S. unemployment rate for the month of October is slated to come out tomorrow morning and analysts are largely expecting for the rate to remain unchanged at 9.1%. Investor confidence in the U.S. economy has improved considerably over the past month [...]
Click here to read the original article on ETFdb.com.
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