Profit taking pressures continue to sweep over global markets as investors expressed their concerns over the latest developments in the debt burdened currency bloc. Greece will host another round of elections in an effort to form a ruling coalition, although the bigger question at hand is whether or not the nation will keep its spot in the Euro zone. Amidst the looming uncertainty, major equity indexes on Wall Street closed in red territory for another session, while gold futures plunged over 1% on the day, settling just below $1,545 an ounce [see also Have Gold ETFs Lost Their Luster?] The onslaught of economic data releases on the home front continues and investors will focus their attention on the health of the housing market later today. Housing starts data is expected to come out at the opening bell, and as such, our chart to watch for the day is the State Street SPDR Homebuilders ETF [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XHB Hits Multi-Year High, UNG Sinks Lower ETF Insider: Gear Up For Turbulence Daily ETF Roundup: CMF Pops, XHB Drops Ahead Of Housing Data Daily ETF Roundup: XHB Rebounds, VXX Inches Lower Daily ETF Roundup: VXX Jumps With Sell-Off, XHB Plunges Lower
Profit taking pressures continue to sweep over global markets as investors expressed their concerns over the latest developments in the debt burdened currency bloc. Greece will host another round of elections in an effort to form a ruling coalition, although the bigger question at hand is whether or not the nation will keep its spot in the Euro zone. Amidst the looming uncertainty, major equity indexes on Wall Street closed in red territory for another session, while gold futures plunged over 1% on the day, settling just below $1,545 an ounce [see also Have Gold ETFs Lost Their Luster?] The onslaught of economic data releases on the home front continues and investors will focus their attention on the health of the housing market later today. Housing starts data is expected to come out at the opening bell, and as such, our chart to watch for the day is the State Street SPDR Homebuilders ETF [...]
Click here to read the original article on ETFdb.com.
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