Thursday’s ETF Chart To Watch: CurrencyShares British Pound Trust (FXB)

European markets jumped on Wednesday after Portugal’s successful bond market offering in which the government sold 1.25 billion euros ($1.62 billion) of sovereign debt. Wall Street likely followed the good news from overseas and extended gains as well, with the Dow Jones Industrial Average and S&P 500 Index both popping nearly a full percentage point each. The SPDR Financial Sector ETF (XLF) gained over 1.5% after Portugal debt fears evaporated and a recommendation from Wells Fargo to buy large U.S. banks, based on the firms improving expectations of earnings and dividends growth in the banking sector. Meanwhile, in commodity markets, gold managed to stay afloat and hold its ground despite the broad rally in the equities market thanks to ongoing weakness in the U.S. dollar which declined against most major currencies. Treasurys on the other hand inched lower for the session, with the iShares Barclays 20 Year Treasury Bond Fund [...] Click here to read the original article on ETFdb.com. Related Posts: Wednesday’s ETF To Watch: British Pound ETF (FXB) Three ETFs To Watch This Week: EWJ, FXB, EWN ETF To Watch For Thursday: FXB British Pound ETF Continues Slide After Bearish Data Reports World Cup Of ETFs: Plays On All 32 Countries