Bullish Sentiment Sparks Risk Appetite, Gold Edges Lower

Global equities proved bullish on Monday as strong buying was seen in Asia, Europe, and North America. Wall Street experienced solid buying on the Dow Jones Industrials. And the German DAX Index also was bought aggressively. U.K inflation data will be published today.

Dow Jones Industrials Proves Strong, Investors Turn Aggressive Buyers

U.S investors proved to be aggressive buyers on Wall Street on Monday, as initial damage reports from Hurricane Irma proved better than anticipated. The Jolts Jobs Openings data will be released in the U.S, and tomorrow inflation data is scheduled. The strong gains on the Dow Jones Industrials yesterday mean the Index will begin its trading above the 22,000 level today.

Bullish Fever for Japanese Equities, Nikkei Gaining Again

Japanese equities continue to see bullish fever escalating on the Nikkei and Topix Indexes. The turnaround in risk sentiment has affected the Yen, which has weakened against the U.S Dollar and is comfortably above the 109.00 juncture. Producer Price Index figures will come from Japan early on Wednesday.

Solid Buying for European Equities, Pound Maintains Higher Range

European Indexes experienced solid buying on Monday. The Dax Index enjoyed stellar gains, while the Footsie was dragged along and turned in moderate gains. The U.K will release important inflation data today and the Consumer Price Index will be the highlight. Brexit headwinds continue to cause disdain among investors as a lack of clear rules. The Pound, however, has shown an ability to maintain it high range until now and is near 1.3175 against the U.S Dollar.

Gold Appears Fragile, Risk Sentiment Shift

Gold has continued to be sold in early trading this morning, as investors have shifted their risk sentiment and become allured by global equities. The precious metal is near 1325.00 U.S Dollars an ounce. Gold remains within its higher range but appears fragile.

Inflations Numbers from U.K, U.S. Jobs Data

Investors will examine the Consumer Price Index reading from the U.K at 8:30 GMT carefully.

• 8:30 AM GMT U.K, Consumer Price Index
• 14:00 PM GMT U.S, JOLTS Jobs Openings

Yaron Mazor is a senior analyst at SuperTraderTV.

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