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 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 …
Equities Slide Ahead Of Key Brussels Meeting; EGPT Soars, GREK Sinks
As investors became worried ahead of a key meeting this week in Brussels (rightfully so), and after reports of Greek Finance Minister resigning on health grounds just four days into his job hit the wires, US equities plummeted more than one percent Monday. Moods were soured further after Cyprus became the fifth nation in the single-currency union to seek money …
Equity ETFs Rebound On Week’s First Trading Day; CHIM Vaults, VXX Tanks
[Chart courtesy of MarketWatch.com] As recent polls suggested that Greece is moving towards honoring its commitments ahead of next month’s elections, US stocks rose one percent Tuesday even as US consumer confidence reading dropped unexpectedly in May and home prices dipped further. Sentiment was buoyed further as investors hoped that central banks globally would provide further stimulus and China would …
Equity ETFs Bounce Back In Late Trade—Again; FAA Soars, GREK Sinks
[Chart courtesy of MarketWatch.com] Equity ETFs closed mixed Thursday, with the broad market recouping losses in late trading as investors remained uncertain amid today’s lackluster economic report and the ongoing negotiations in Europe that may ultimately push Greece out of the single-currency union. It was almost a repeat of yesterday’s afternoon rebound but less dramatic. Domestic economic numbers failed to …