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This Week In ETFs: October 30th Edition
October 30, 2011 at 07:00 AM EDT
Markets this week rebounded as investors found new hope for the resolution of Europe’s debt crisis. Concerns were abated after the E.U. announced its plan to impose a 50% haircut on Greek bonds and to apply more leverage to their bailout fund. The week ended on a slightly weaker note as stocks eased back after Thursday’s incredible rally. In the commodities space, both oil and gold experienced a slight reversal as well after showing strong performances and gains earlier in the week. On Thursday, investors saw the euro rise to record levels not seen in over 2 years. The dollar however, continued to slump to dramatic lows against the yen. On the macro level, the U.S. welcomed good news this week with reports of an optimistic 2.5% GDP growth in the third quarter. Many economists attribute this rise to the recent increases in consumer spending. Despite quelling some fears of the U.S. falling into a double-dip recession, investors are still skeptical about how long this [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bad Week To Be A Bear New Pharma ETN (DRGS) Hits The Market
Markets this week rebounded as investors found new hope for the resolution of Europe’s debt crisis. Concerns were abated after the E.U. announced its plan to impose a 50% haircut on Greek bonds and to apply more leverage to their bailout fund. The week ended on a slightly weaker note as stocks eased back after Thursday’s incredible rally. In the commodities space, both oil and gold experienced a slight reversal as well after showing strong performances and gains earlier in the week. On Thursday, investors saw the euro rise to record levels not seen in over 2 years. The dollar however, continued to slump to dramatic lows against the yen. On the macro level, the U.S. welcomed good news this week with reports of an optimistic 2.5% GDP growth in the third quarter. Many economists attribute this rise to the recent increases in consumer spending. Despite quelling some fears of the U.S. falling into a double-dip recession, investors are still skeptical about how long this [...]
