ETF Trends
ETF Trends

Dow futures were higher by nearly 100 points Friday after European leaders announced closer fiscal ties to fight the credit crisis following a much-hyped summit.

“The leaders have now defined the end point they want to reach in terms of fiscal governance, but it’s a long way to go there,” Thomas Mayer, chief economist at Deutsche Bank, told Bloomberg. “We’ll probably see more near-term tension and that will probably then trigger a more hands-on intervention by the ECB.”

SPDR S&P 500 (NYSEArca: SPY) rose 1% in Friday’s premarket trading.

In precious metals, gold and silver ETFs were set for a higher open following the European summit news.

In currencies, the euro strengthened slightly against the dollar.

Here’s a look at the top ETF stories making the rounds online this morning:

Shameless plugs:

  • Miner ETFs Fall Harder Than Gold in Metals Sell-Off. [ETF Trends]
  • Technical Picture in U.S. Stocks, Treasuries and the Dollar. [ETF Trends]

Full disclosure: Tom Lydon’s clients own SPY.