Thursday’s ETF Chart To Watch: Vanguard European ETF (VGK)

Equity markets extended losses yet again as Euro zone fears dictated selling pressures on Wednesday. The Nasdaq led the way lower, sinking 1.55% on the day, while the Dow Jones Industrial Average was a bit more resilient, giving up 1.10%. Investors gave into fear as Italy’s borrowing costs surged to a recent all-time high, while in the currency markets the euro broke below pivotal support at the 1.30 level versus the U.S. dollar. Profit taking struck quickly and violently in the gold market, as futures prices for the yellow metal plunged for a third day in a row, settling near $1,575 an ounce as the trading session drew to a close. The Euro zone’s consumer price index is slated to come out later today, which brings the spotlight onto the popular Vanguard European ETF (VGK) for the day. All eyes will focus in on the latest inflation data out of [...] Click here to read the original article on ETFdb.com. Related Posts: UBS Launches Risk On / Risk Off ETNs Three ETFs To Watch This Week: SPY, VGK, VXX Six ETFs Up 45% Or More During The Recent Crisis Malaysia ETF (EWM) Surges Ahead Low Cost ETFs: Complete List Of The Cheapest Exchange-Traded Funds