It will be a rather quiet day of trading as China remains on holiday and the U.S is celebrating President’s Day. The Nikkei Index put in large gains of nearly 2% today. Gold has been relatively tranquil in early trading. The German ZEW Economic Sentiment report will be published tomorrow.
Category : Economy
The U.S is on holiday today, but Japanese equities have advanced strongly and Trade Balance numbers from the nation were impressive. German will issue inflation data tomorrow, and the Euro remains highly valued against the U.S Dollar but has seen some pressure since Friday.
The broad markets continue to deliver fast and turbulent trading. However, global equity exchanges have reestablished upward momentum the past few sessions and have almost created a balance after February’s brutal declines to start the month. The U.S Dollar remains challenging in forex, the Yen remains strong, but the Euro and Pound lost value before going into the weekend versus the U.S Dollar but remain within higher ranges. Inflation and Gross Domestic Product reports will come from the U.K this week.
Japanese equities have surged higher again this morning and the Yen remains quite strong. Bank of Japan Governor Kuroda has been nominated for another term. Wall Street remained strong yesterday, and the U.S Dollar has been weak in forex.
Wall Street turned in a winning session as stronger than expected CPI results came from the U.S, and the Dollar weakened against other major currencies in forex. The Nikkei Index has powered higher today and Revised Industrial Production numbers from Japan were strong.
The Consumer Price Index did not disappoint yesterday when is showed U.S inflation was stronger than expected. The U.S Dollar became weaker and Wall Street surged on the news. Global investor sentiment appears to have embraced risk taking. Producer Price Index data will come from the States today.
European equities have opened with gains on strong Industrial Production results from the continent. Forex has been choppy as global investors await the Consumer Price Index data from the U.S shortly, the results will impact the broad markets.
Broad market conditions remain challenging. Wall Street did put in slight gains yesterday, but global investors remain nervous. Important Core CPI and Retail Sales data will come from the States today. The Yen is strong and near 15 month highs, while the Nikkei Index has continued to struggle.
European equities have stumbled as the U.S Dollar has become weaker. Japanese equities traded lower this morning, but the Shanghai Shenzhen and Hang Seng were positive. Core Consumer Price Index data will come from the States tomorrow, along with Retail Sales.