Domestic equity indexes started off the week on a negative note as ongoing worries surrounding the European debt crisis paved the way for low-volume, profit taking across the board. Investors at home will soon deal with resurfacing debt drama in Washington as the November 23d deadline for Congress’ supercommittee approaches, which is faced with devising a $1.2 trillion deficit savings plan for the next decade [see ETF Insider: Expect More Volatility]. Gold inched higher by a few points amidst the uncertainty, with futures prices for the precious metal settling just above $1,780 an ounce for the day. With all eyes on the European debt crisis, investors are sure to keep a close eye on the latest Euro zone GDP report when it comes out later today. Analysts are expecting for economic growth to come in at 1.4%, versus the previous reading of 1.6%, shifting the spotlight on the iShares MSCI [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Expect More Volatility Three Long/Short Ideas For Euro Zone Debt Drama ETF Insider: Bulls Look To Stampede Over Euro Drama Time To Take A Closer Look At The Irish ETF? Eric Dutram Discusses ETFs And The European Debt Crisis On BNN
Domestic equity indexes started off the week on a negative note as ongoing worries surrounding the European debt crisis paved the way for low-volume, profit taking across the board. Investors at home will soon deal with resurfacing debt drama in Washington as the November 23d deadline for Congress’ supercommittee approaches, which is faced with devising a $1.2 trillion deficit savings plan for the next decade [see ETF Insider: Expect More Volatility]. Gold inched higher by a few points amidst the uncertainty, with futures prices for the precious metal settling just above $1,780 an ounce for the day. With all eyes on the European debt crisis, investors are sure to keep a close eye on the latest Euro zone GDP report when it comes out later today. Analysts are expecting for economic growth to come in at 1.4%, versus the previous reading of 1.6%, shifting the spotlight on the iShares MSCI [...]
Click here to read the original article on ETFdb.com.
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