European Markets Lower as Summit Looms (EWG) (SPY) (EWQ) (EWU)
Tweet Send to a Friend
iShares MSCI Germany Index Fund ETF (NYSE: EWG) is expected to open lower as shares in Germany slide ahead of comments from a summit in the E.U. on Thursday. Expectations for the summit were tempered after Germany's Angela Merkel put the kibosh on prospects for euro-bonds - a shared debt instrument seen as a possible solution to the crisis. Although, comments from the German Finance Minister that they are willing to negotiate euro-bonds.
Meanwhile, Germany's unemployment rate remained unchanged at 6.8 percent. In other data, business climate and consumer confidence both ticked lower in the Euro area in June.
The DAX is lower by 1.63 percent, while the FTSE and the CAC both lost 1 percent. Equity futures in the U.S. are expected to open lower by 0.50 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Meanwhile, Germany's unemployment rate remained unchanged at 6.8 percent. In other data, business climate and consumer confidence both ticked lower in the Euro area in June.
The DAX is lower by 1.63 percent, while the FTSE and the CAC both lost 1 percent. Equity futures in the U.S. are expected to open lower by 0.50 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Markets Fluctuate on Chatter of Early QE Exit by Fed
- Gold Sinks Below $1400/oz (GLD) (IAU) (SLV)
- Hedgies Betting on Lower Gold Prices as Slump Continues (GLD) (IAU)
Create E-mail Alert Related Categories
ETFs
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
