European markets soared on Tuesday following news of Berslusconi resigning, paving the way higher for domestic equity indexes as well, with the S&P 500 gaining 1.17% on the day. Confidence in the Euro zone improved considerably after it was reported that Italian Prime Minister Berlusconi plans to resign after the country’s 2012 austerity plans are approved. Investors are hoping that Italy’s new leader will take a firmer approach to reign in the nation’s spiraling deficit, as well as working diligently with other EU leaders to devise a comprehensive plan that ensures stability in the debt burdened currency block [see Three Long/Short Ideas For Euro Zone Debt Drama]. Gold climbed higher alongside stocks, and futures prices for the precious yellow metal hit a fresh multi-week high of $1,804 an ounce before the trading session drew to a close. China’s consumer price index is slated to come out which brings the spotlight [...] Click here to read the original article on ETFdb.com. Related Posts: Tuesday’s ETF Chart To Watch: iShares FTSE China 25 Index Fund (FXI) Top 5 Free ETF Tools On ETFdb.com Daily ETF Roundup: FXI Jumps On Credit Plan, UNG Slumps On Mild Weather Daily ETF Roundup: VXX Tumbles On European Hopes, FXI Rises On Asset Purchase Plan Three ETFs To Watch This Week: FXI, FDN, ALUM
European markets soared on Tuesday following news of Berslusconi resigning, paving the way higher for domestic equity indexes as well, with the S&P 500 gaining 1.17% on the day. Confidence in the Euro zone improved considerably after it was reported that Italian Prime Minister Berlusconi plans to resign after the country’s 2012 austerity plans are approved. Investors are hoping that Italy’s new leader will take a firmer approach to reign in the nation’s spiraling deficit, as well as working diligently with other EU leaders to devise a comprehensive plan that ensures stability in the debt burdened currency block [see Three Long/Short Ideas For Euro Zone Debt Drama]. Gold climbed higher alongside stocks, and futures prices for the precious yellow metal hit a fresh multi-week high of $1,804 an ounce before the trading session drew to a close. China’s consumer price index is slated to come out which brings the spotlight [...]
Click here to read the original article on ETFdb.com.
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