Optimism returned to the stock market after it was reported that several dozen Republicans are joining a bipartisan call to break the budget impasse in Congress. Despite the generally upbeat price action on Wall Street, shares of Apple managed to drag down the entire technology sector as the industry giant shed upwards of 7% on the day. While domestic headlines remain focused on the “fiscal cliff,” Chinese markets soared higher after policymakers overseas expressed their commitment to providing further government support for the economy [see 5 Important ETF Lessons In Pictures]. As the political gridlock heats up at home, many will turn their attention to the European Central Bank rate decision scheduled to take place before Wall Street’s opening bell. As such, our ETF to watch for the day is the Rydex CurrencyShares Euro Currency Trust , which may experience volatile trading at the open depending on investors’ reaction to the latest economic commentary issued by the ECB; analysts are [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Fiscal Cliff Woes Simmer On Tax Talks 3 ETFs To Watch This Week: FXA, FXB, FXE Thursday’s ETF Chart To Watch: CurrencyShares Euro Currency Trust (FXE) Wednesday’s ETF Chart To Watch: CurrencyShares Euro Currency Trust (FXE) ETF Insider: Pressure On Fed To Follow
Optimism returned to the stock market after it was reported that several dozen Republicans are joining a bipartisan call to break the budget impasse in Congress. Despite the generally upbeat price action on Wall Street, shares of Apple managed to drag down the entire technology sector as the industry giant shed upwards of 7% on the day. While domestic headlines remain focused on the “fiscal cliff,” Chinese markets soared higher after policymakers overseas expressed their commitment to providing further government support for the economy [see 5 Important ETF Lessons In Pictures]. As the political gridlock heats up at home, many will turn their attention to the European Central Bank rate decision scheduled to take place before Wall Street’s opening bell. As such, our ETF to watch for the day is the Rydex CurrencyShares Euro Currency Trust , which may experience volatile trading at the open depending on investors’ reaction to the latest economic commentary issued by the ECB; analysts are [...]
Click here to read the original article on ETFdb.com.
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