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Daily ETF Roundup: Markets Stall On ECB Jitters
As investors remain cautious ahead of tomorrow’s crucial ECB meeting, markets struggled to find a definitive direction, dipping in and out of red territory throughout the day. A sour manufacturing report from the Euro Zone weighed heavily on investors, as the Markit’s composite purchasing managers’ index fell in August from July. Bellwether delivery company FedEx also made today’s headlines, as the firm lowered its first-quarter earnings forecast, citing the global economic slowdown and weak output from Europe and China as the main factors for the decline. With these reports adding to the numerous red flags seen across the globe, investors have placed heavy expectations on ECB President Mario Draghi to deliver concrete plans to help boost the plagued region in tomorrow’s highly anticipated meeting [see Ten Commandments Of ETF Investing]. Global Market Overview: Markets Stall On ECB Jitters The Dow Jones Industrial Average (DIA) was the only index that finished in [...]
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2012-09-05 18:20:33
Source: http://etfdb.com/2012/daily-etf-roundup-markets-stall-on-ecb-jitters/
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