The broad markets remain in a cautious mode. Asian equities were lower. European equities have been tentative even as the Pound and Euro trade at lower values against the U.S Dollar. Existing Home Sales numbers will come from the States today. The ECB is later this week. And the U.S will publish GDP results on Friday.
Category : Economy
Asian equities have started the week cautiously and Europe has been tentative early. U.S Crude Oil has attracted plenty of attention from hedge funds. Manufacturing data will come from Europe today. The U.S Dollar remains strong in the short term.
The broad markets proved challenging last week as gains made in equities, particularly on Wall Street were beaten back late in the week. And the U.S Dollar’s sudden strength will face tests in the coming days as the European Central Bank and the Bank of Japan prepare their monetary policy decisions. And U.S Gross Domestic Product will be released on Friday.
The broad markets turned cautious yesterday. The U.S did see a good Philly Fed Manufacturing Index number, but Retail Sales from the U.K were weak. Japan met its inflation target earlier today. The U.S Dollar has been strong the past day.
Asian markets have declined moderately. China growth numbers did match their expectations. Inflation data from the U.K did not meet its estimate and German Economic Sentiment proved negative. Wall Street is expected open with additional gains today.
The broad markets have taken a wait and see approach as Wall Street readies to open. Early Futures calls from U.S Indexes indicate a higher open. Forex has remained rather range bound, but the Pound has been attracting attention as inflation data gets ready to be released tomorrow. Also GDP numbers will come from China early on Tuesday.
Markets will be watched closely as investors react to this weekend’s military action by the U.S, U.K and France in Syria. Global equities were mixed late last week, but maintained a positive groundwork. Forex has been tranquil, the Pound remains strong versus the U.S Dollar, while the Euro has languished. The weaker Yen may signal risk appetite in Asia.