Mid Day Roundup: Stocks Falter After European Rate Cuts

Markets got off to a rocky start this morning as investors seemingly ignored the major decisions of central bankers across the globe as well as the surprisingly positive U.S. jobs data. Understandably so, the focus today was instead on the blaring red flags that have popped up in the market over the last few weeks, painting a rather grim picture for the global economy. After celebrating the nation’s Independence Day, U.S. investors looked at the foreign central bank rate cuts not as an overwhelmingly positive decision, but as a sign of continuing economic weakness that has no choice but to be propped up by further stimulus measures [see also 10 Surprising ETF Stats From Mid Year ETF Data]. Before this morning’s opening bell, two major central banks announced the lowering of their benchmark lending rates: the European Central bank slashed its rate by 0.25%, while China dropped their interest rates [...] Click here to read the original article on ETFdb.com. Related Posts: Europe ETFs: The Good, The Bad, The Ugly ETFs To Play Euro 2012 Mid Day Roundup: UK Leads Europe ETFs Higher Tuesday’s ETF Chart To Watch: MSCI United Kingdom Index Fund (EWU) Tuesday’s ETF To Watch: MSCI United Kingdom Index Fund (EWU)