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This Week In ETFs: December 9th Edition
December 09, 2012 at 09:00 AM EST
The week began with markets across the board reacting to the normal doom and gloom of the ever-approaching fiscal cliff and European recovery woes, until Wednesday when a slew of better-than-expected economic reports came out of the United States. The U.S. economy added more jobs, non-manufacturing purchases rose, and factory orders beat all previous predictions. This allowed blue chip stocks to have rallied since, bringing all the major indexes with them and ending the week on a high note. On the other side of the world, stability in China’s banking system is being questioned by the citizens after a number of investments by a new style of investment bank, Huaxia, turned sour. The European Central Bank is also coming under attack, but because the multi-national bank is refusing to lower trading rates, even after lowering its predictions for eurozone growth and inflation [see also The 5 Most Important Chart Patterns For ETF [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
The week began with markets across the board reacting to the normal doom and gloom of the ever-approaching fiscal cliff and European recovery woes, until Wednesday when a slew of better-than-expected economic reports came out of the United States. The U.S. economy added more jobs, non-manufacturing purchases rose, and factory orders beat all previous predictions. This allowed blue chip stocks to have rallied since, bringing all the major indexes with them and ending the week on a high note. On the other side of the world, stability in China’s banking system is being questioned by the citizens after a number of investments by a new style of investment bank, Huaxia, turned sour. The European Central Bank is also coming under attack, but because the multi-national bank is refusing to lower trading rates, even after lowering its predictions for eurozone growth and inflation [see also The 5 Most Important Chart Patterns For ETF [...]
