Executives and guests of Horizons ETFs visited the New York Stock Exchange (NYSE) on Tuesday, March 4 to celebrate the launch of the Horizons Korea KOSPI 200 Exchange Traded Fund (ETF). The fund, which gives U.S. investors direct access to the stocks of the KOSPI 200 Index, began trading on NYSE Arca under the ticker symbol “HKOR”.
To mark the occasion, Hyeon Joo Park, Chairman of Horizons ETFs’ parent company, Mirae Asset Global Investments, was joined by members of the company’s leadership team and rang the NYSE Opening Bell.
From The Trading Floor: Equities are rising this morning with the S&P 500 rebounding from its biggest loss in a month, as comments from Russian President Putin indicated that the Ukraine crisis won’t immediately escalate
New York City current business conditions fell to 57 after January’s 64.4
March IBD / TIPP economic optimism rose to 45.1 from 44.9 in February
President Obama is due to propose expanding the Earned Income Tax Credit to 13.5M childless workers when he unveils his annual $1.014T budget proposal today.
Putin said his country has no need to use force against Ukraine but retains the right to consider all its options, and it has no intention of annexing Crimea.
As expected, the Reserve Bank of Australia has held its key cash rate at 2.5% for the seventh month in a row and indicated that it will continue the policy amid high unemployment.
Ahead of the Bell: Dow futures are trading up 180 points and S&P futures are trading up 21 points. Global financial markets are on the rebound after Russia's President Vladimir Putin ordered troops in military exercises to return to base in what was seen as temporary calming of tensions between Ukraine and its neighbor. However, Russian forces remain in the Crimea area, effectively occupying much of the port city. Putin said he does not recognize the new Ukrainian President and hopes he does not have to use force. According to European Central Bank President, Mario Draghi, inflation in the euro zone is "way below" the central bank's goal, which might prompt the ECB to take policy action at its next meeting on Thursday. Former Federal Reserve Chairman, Ben Bernanke in his first speech since leaving office in January said he expects the US economy to grow about 3% in 2014.
Rabobank Foundation celebrates its 40th anniversary. In honor of this milestone, Pierre van Hedel, director of the Rabobank Foundation, sounds the gong together with Youth Sport Fund and Youth Culture Fund.
Rabobank Foundation wants to offer people the prospect of a better life, using donations, loans, knowledge and skills. In over 20 countries in Asia, Africa and South America, the foundation supports a variety of cooperatives. In The Netherlands, Rabobank Foundation is helping to increase the number of local Youth Sports and Culture Funds. Through this partnership, an increasing number of children living in poverty get the chance to fully participate in society.
India will unveil its 2013 GDP after its fiscal year ends on March 31. Its growth rate is expected to have dipped slightly to 4.9% from 5.0% in 2012. That dip may disappoint those who had hoped for a sign of India's economic recovery. But from a global perspective, the...