ETF Insider: Risks Remain In Europe

This week saw many investors go bargain hunting in the first two days of the week as fears over a Greek default temporarily subsided. Many had focused in on the Greek Prime Minister and a crucial vote that took place earlier in the week in which the Parliament voted on if it had confidence in his leadership. Thanks to being the chairman of the largest party in the legislature, George Papandreou passed this crucial test. Markets rose in anticipation of this event as most had expected him to remain in power, however, the real test comes next week when the government must push further austerity measures through in order to secure more bailout funds from the richer European powers. Thanks to this slight reduction of risk, investors scooped up equities across the board in Monday and Tuesday trading, as well as the beginning of Wednesday’s session as well. Yet this did [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Tread Lightly In Uncertain Times Four Little Known Secrets Of Ultra-Popular ETFs UBS Unveils Natural Gas, Oil “Contango ETNs” Five ETF Strategies For A Sideways Market May ETFdb Category Kings: Best Performing ETFs