U.S. stock exchange traded funds were set for a flat open on Thursday after the European Central Bank cut interest rates by a quarter-point to 1% as expected. Markets were also awaiting the U.S. weekly jobless claims report.
ECB President Mario Draghi at a press conference may announce other measures to boost the region’s struggling economy, according to reports. Leaders are also meeting this week in a summit to discuss possible steps to cool the sovereign debt crisis.
In precious metals ETFs, gold was flat in preopen trade while silver rose fractionally.
Currency ETFs tracking the dollar and euro were also little changed before the ECB announcement.
Here’s a look at the top ETF stories making the rounds online this morning:
- Thursday’s ETF to Watch: Euro. [ETFdb]
- Tax-wise funds vs. ETFs. [WSJ]
- Vanguard ETFs in fast start in Canada. [Financial Post]
- A Better Mouse Trap? ETF’s Built to Avoid Contango in Copper. [Barron’s]
- Direxion Insider Sentiment ETFs. [Index Universe]
Shameless plugs:
- Gold ETF Bullion Holdings at Record. [ETF Trends]
- Bond Investors Flock to ETFs. [ETF Trends]
- Gold vs. Miners. [Chart of the Day]
Market Vectors Gold Miners ETF (NYSEArca: GDX)
