The markets are open for the Columbus Day holiday, but stocks and exchange traded funds (ETFs) saw light trading volume ahead of the earnings-season kickoff later this week.
Equity market gains overnight across Asia are pushing prices higher in Europe as investors look to key economic updates from America, including quantitative easing from the Federal Reserve. SPDR DJ Euro Stoxx 50 (NYSEArca: FEZ) is down slightly so far today. [An ETF Play for a Struggling Europe.]
The dollar is rising against the euro and the yen in early morning trading after consistently falling in recent weeks against both currencies. PowerShares DB U.S. Dollar Bullish Fund ETF (NYSEArca: UUP) or go short the Euro CurrencyShares Euro Trust ETF (NYSEArca: FXE) which are both down in early trading. [Currency ETFs Get Ready to Rumble.]
Read the disclaimer; Tom Lydon is a board member of Rydex|SGI.
Gregory A. Clay contributed to this article.
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