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Mid Day Roundup: UK Leads Europe ETFs Higher

By: ETFdb
Yesterday, investors couldn’t stay further away from equities as the latest Spain bailout developments cast an atmosphere of doubt over the markets. Understandably, panic selling quickly ensued, pushing major equity indexes lower across the board. Today, however, it’s a much different story on Wall Street. Whether its short-term memory loss, or simply the case of fabricated idealism, investors are now “hopeful” that Spain’s bailout plan will successfully restore some much needed confidence in the country’s economy [see also Seven Simple & Cheap ETF Model Portfolio]. With refortified confidence, trading in the Euro zone ended on a high note today, allowing markets to inch their way up into positive territory with relatively modest gains at closing. Despite the uptick in European equities, Italian and Spanish bond yields rose sharply, giving proof that perhaps investors are still not ready to cast aside all their European fears just yet. As domestic markets opened, Wall Street responded with renewed enthusiasm, pushing equities higher; [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Looking Overseas For Opportunities World Cup Of ETFs: Plays On All 32 Countries ETF Plays For The End Of Europe’s Recession Europe ETFs: All Over The Board Tuesday’s ETF Chart To Watch: MSCI United Kingdom Index Fund (EWU)
Yesterday, investors couldn’t stay further away from equities as the latest Spain bailout developments cast an atmosphere of doubt over the markets. Understandably, panic selling quickly ensued, pushing major equity indexes lower across the board. Today, however, it’s a much different story on Wall Street. Whether its short-term memory loss, or simply the case of fabricated idealism, investors are now “hopeful” that Spain’s bailout plan will successfully restore some much needed confidence in the country’s economy [see also Seven Simple & Cheap ETF Model Portfolio]. With refortified confidence, trading in the Euro zone ended on a high note today, allowing markets to inch their way up into positive territory with relatively modest gains at closing. Despite the uptick in European equities, Italian and Spanish bond yields rose sharply, giving proof that perhaps investors are still not ready to cast aside all their European fears just yet. As domestic markets opened, Wall Street responded with renewed enthusiasm, pushing equities higher; [...]

Click here to read the original article on ETFdb.com.

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