Another week and another frenzy of trading on Wall Street. The past five sessions have been defined by more eurozone woes as Spain officially received a 100 billion euro bailout over the weekend. While the news came as a relief to some, others simply saw it as postponing the inevitable. As one British official pointed out, 20% of the bailout is financed by Italy, who is lending at 3%. But in order to finance the bailout, Italy must borrow at a rate of approximately 7%, setting up a potentially disastrous situation. Looking to the week ahead, a key Fed meeting seems to hold the fate of markets in its hands, as many are hoping for news of QE3 [see also Jim Rogers Says: Buy Commodities Now, Or You'll Hate Yourself Later]. The ETF world saw several new entries this week, including the Oil Sands ETF (SNDS) which has the potential [...] Click here to read the original article on ETFdb.com. Related Posts: Teucrium Debuts New Agriculture ETF (TAGS) September ETF Roundup: Launches, Filings, and Closures ETF Insider: Bears On Parade First Soybeans ETF Debuts: Teucrium Launches SOYB, CANE, WEAT Teucrium Plans A Different Kind Of Commodity ETF
Another week and another frenzy of trading on Wall Street. The past five sessions have been defined by more eurozone woes as Spain officially received a 100 billion euro bailout over the weekend. While the news came as a relief to some, others simply saw it as postponing the inevitable. As one British official pointed out, 20% of the bailout is financed by Italy, who is lending at 3%. But in order to finance the bailout, Italy must borrow at a rate of approximately 7%, setting up a potentially disastrous situation. Looking to the week ahead, a key Fed meeting seems to hold the fate of markets in its hands, as many are hoping for news of QE3 [see also Jim Rogers Says: Buy Commodities Now, Or You'll Hate Yourself Later]. The ETF world saw several new entries this week, including the Oil Sands ETF (SNDS) which has the potential [...]
Click here to read the original article on ETFdb.com.
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