Equity indexes took a dive lower as many investors stepped to the sidelines in anticipation of today’s key European summit in Brussels. Selling pressures hit Wall Street on Thursday after the European Central Bank cut rates as expected, but disappointed investors when it announced that it would not continue its bond repurchase program. On the home front, jobless claims fell by 23, 000, although the positive news was overshadowed by ongoing anxiety surrounding the Euro zone debt drama. Profit taking struck quick and hard in the gold futures market as prices for the precious metal plunged just before the opening bell, settling near $1,710 an ounce for the day. All eyes and ears will be focused on the European leaders summit in Brussels later today, which makes the iShares MSCI EMU Index Fund (EZU) our ETF to watch for the day. EZU measures the performance of equity markets of the [...] Click here to read the original article on ETFdb.com. Related Posts: Global X Debuts First Greece ETF (GREK) One Year Later: NORW Still Finding Its Footing Tuesday’s ETF Chart To Watch: iShares MSCI EMU Index Fund (EZU) ETF Insider: Expect More Volatility Three Long/Short Ideas For Euro Zone Debt Drama
Equity indexes took a dive lower as many investors stepped to the sidelines in anticipation of today’s key European summit in Brussels. Selling pressures hit Wall Street on Thursday after the European Central Bank cut rates as expected, but disappointed investors when it announced that it would not continue its bond repurchase program. On the home front, jobless claims fell by 23, 000, although the positive news was overshadowed by ongoing anxiety surrounding the Euro zone debt drama. Profit taking struck quick and hard in the gold futures market as prices for the precious metal plunged just before the opening bell, settling near $1,710 an ounce for the day. All eyes and ears will be focused on the European leaders summit in Brussels later today, which makes the iShares MSCI EMU Index Fund (EZU) our ETF to watch for the day. EZU measures the performance of equity markets of the [...]
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