Equities on Wall Street put in tepid gains on Monday as investors continue to show caution due to the inability in Washington to produce clarity regarding a tax reform package. The ECB is conducting a policy discussion and global central bank leaders are attending.
Producer Price Index Today in U.S, Wall Street Not Exuberant
Wall Street put in fractional gains on the three major Indexes on Monday, but the results were not exuberant. A Producer Price Index report will come from the States, but investors will also continue to keep an eye on the tax reform package which is facing obstacles. And the U.S Dollar has been softer in forex. Tomorrow the States will see a Consumer Price Index and Retail Sales figures.
China Industrial Numbers on Target, Japanese Growth Data Tomorrow
The Nikkei Index has gained slightly this morning, after rather heavy selling yesterday. China Industrial Production figures this morning almost met its target head on with a gain of 6.2 percent. Tomorrow Gross Domestic Product numbers will come from Japan. The Yen has maintained a steady range against the U.S Dollar and is near 113.60.
Draghi, Carney and Yellen Together, Euro Gains Early in Morning
The European Central Bank is conducting a policy panel discussion today which includes the leaders of major central banks. Mario Draghi, Mark Carney and Janet Yellen will participate among others. And the U.K will release important inflation data early. The Euro and Pound have found some support this morning. The Euro is near 1.1670 against the U.S Dollar as it has put in slow but steady gains. Tomorrow the Average Earnings Index statistics will come from Britain.
Gold Sustains Short Term Range, Choppy Conditions and Uneasy Investors
Gold is near 1277.00 U.S Dollars an ounce this morning. Gold has been able to sustain its higher short term range and traders may believe it is ready to test higher values. However, the past two weeks have been choppy for the precious metal, which still has investors uneasy.
Inflation Data from U.K and U.S, Central Bankers Discussion in Frankfurt
The U.K will release important Consumer Price Index data at 9:30 GMT, which will be examined by traders closely.
- 9:30 AM GMT U.K., Consumer Price Index
- 10:00 AM GMT E.U., European Central Bank Panel Discussion
- 13:30 PM GMT U.S., Producer Price Index