Global X Funds, the New York-based issuer known for its focus on emerging markets and niche strategies, has introduced the first ever Portugal specific equity ETF listed in the US. Some analysts believe the so-called PIIGS countries (Portugal, Ireland, Italy, Greece and Spain) in the 17 member currency zone have turned a corner and Portugal is at a point of …
US Stocks Rally On Economy, Earnings; Spain Lifts Europe
[Chart courtesy of MarketWatch.com] US stocks surged Wednesday with the Dow Industrials posting its biggest daily gain in more than a month following data showing a bunch of strong quarterly earnings report and a solid recovery in industrial activity in September. Risk appetite got a boost after a Federal Reserve report showed industrial output climbed 0.4 percent in September, beating …
ETF/No Load Fund Tracker Newsletter For Friday, September 28, 2012
ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2012/09/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-09272012/ ———————————————————— Market Commentary Friday, September 28, 2012 EQUITIES END QUARTER ON A HIGH; EUROPE POSTS BIGGEST WEEKLY DECLINE SINCE JUNE; DAVID STOCKMAN BASHES FED’S QE PROGRAMS Despite a blockbuster quarter, US equities ended the last trading day with a whimper as a gauge of …
Market Indexes Dip On Europe Worries; Banks, Oil Firms Drag Europe Lower
[Chart courtesy of MarketWatch.com] Despite the housing market showing signs of improvement in September, US stocks closed mostly lower for the second straight day Tuesday on uncertainties in Europe as Spain continues to drag its feet over seeking a formal bailout from the European Central Bank despite Spanish 10-year borrowing costs edging higher in recent auctions. My view of why …
US Stocks Rebound Ahead Of FOMC Meet, German Court Decision; Europe Stocks Push Higher
[Chart courtesy of MarketWatch.com] US stocks fought back Tuesday, rebounding from yesterday’s pullback as investors grew positive ahead of a German constitutional court ruling on the EU-wide bailout fund while speculations grew the US Fed will announce further stimulus after its two-day FOMC meeting starting tomorrow. Treasuries retreated, pushing yields higher even though US auction for $32 billion of three-year …
ECB Invokes ‘Desperate’ Measures; Market Goes Into Mania Mode
[Chart courtesy of MarketWatch.com] Boosted by European Central Bank President Mario Draghi’s announcement of an open-ended bond purchase scheme aimed at bringing down Spanish and Italian borrowing costs, US stocks broke-out Thursday to finish on a multi-year high even as the bank chief made good of his earlier pledge to preserve the common currency at any cost. Countries must seek …