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Nikkei Plunges Five Percent Thursday
Thursday, May 30, 2013 - 7:42am | 464It happened again. On Thursday, the Nikkei plunged 737.43 points to close at 13,589—five percent lower and well below the psychological 14,000 mark that investors were eyeing. In total, Thursday’s move represents an 11.94 percent loss since the index’s top of 15,432 on May 22. To add some...
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Them is Fightin' Words For South Korea ETF
Wednesday, May 29, 2013 - 12:45pm | 549On another "sea of red" day for emerging markets ETFs, the already embattled iShares MSCI South Korea Capped Index Fund (NYSE: EWY) is holding up fairly well compared its ilk. EWY is trading flat to slightly lower today and the ETF is showing some chops following some snarky comments aimed at...
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Short Yen ETF Soars as USD/JPY Tops 100
Thursday, May 9, 2013 - 2:15pm | 345After several weeks of trying and failing, currency traders were finally able to push the U.S. dollar past the psychologically significant 100 level against the the Japanese yen Thursday. USD/JPY, one of the world's most heavily traded currency pairs, is currently trading higher by 1.49 percent...
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Lone Auto ETF is in a Sweet Spot
Tuesday, May 7, 2013 - 12:06pm | 734Until almost exactly two years ago, one of the obvious absences at the ETF sector level was a fund devoted to the automobile industry. For whatever reason, it took nearly two decades of ETFs trading in the U.S. for issuers to get around to introducing funds tracking an industry that is steeped in...
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Benzinga Market Primer: Monday, January 14
Monday, January 14, 2013 - 7:43am | 791Futures Rise on Chinese Strength, Stimulus Hopes U.S. equity futures rose slightly in early Monday trade following news out of China that Chinese authorities will now allow direct investment of foreigners in stocks, bonds, and other financial assets. The news is just another step in China's...
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Benzinga Market Primer, Thursday, December 27
Thursday, December 27, 2012 - 8:23am | 834Futures Flat on Debt Ceiling Fears U.S. equity futures were flat in early trading Thursday following a letter from Treasury Secretary Geithner to leaders stating that the debt ceiling would be breached on December 31 unless the Fiscal Cliff were to be avoided and the ceiling raised. Geithner has...