Concerns Rising for Global Equity Investors

Global equity markets remained under pressure. U.S markets remain tentative as investors are growing nervous about the lack of a tax reform agreement. The CB Consumer Confidence reading will come from the U.S today. A German Consumer Climate report will also be released.

Selling Pressure on Wall Street, Major Indexes Stay Tentative

New Home Sales data showed a solid improvement yesterday, but investors proved cautious with a mixed session on Wall Street and selling pressure remains evident. Investors continue to be nervous about the lack of a tax reform package which they have largely factored into equities already. If an agreement is not reached in Washington it could spark strong selling on the major Indexes. Today the CB Consumer Confidence reading will be released in the States.

Hang Seng Index Stumbling, Yen Stronger as Buyers Stay on Sidelines

Equity traders in Asia continue to display fragile behavior. The Hang Seng has tumbled this morning and the Nikkei Index has not been able to muster gains. The Yen remains strong against the U.S Dollar as it trades slightly above the 111.00 juncture. Retail Sales data will come from Japan early on Wednesday.

European Equities Slide Lower, German Consumer Report Coming

European equities slid on Monday and have opened cautiously again today. The Dax Index has lost more than 1 and a half percent the past month, and the Footsie has also stumbled. A German Consumer Climate reading will be released today. Recent economic data from the European Union has been good. The Euro remains near 1.19 against the U.S Dollar.

Nervous Equities Helping Gold, Flurry of Buying for Precious Metal

Gold has seen a flurry of activity the past few trading sessions as it has sustained its higher values. Nervous equity traders may be positioning themselves into the precious metal as a risk adverse move. Gold is near 1294.00 U.S Dollars an ounce and should be monitored.

Consumer Confidence from Germany & U.S, European Bank Deposits Data

The U.S will see the Conference Board’s Consumer Confidence reading at 15:00 GMT.

• 9:00 AM GMT E.U., M3 Money Supply
• 12:00 PM GMT Germany, GfK Consumer Climate
• 15:00 PM GMT U.S., CB Consumer Confidence

Yaron Mazor is a senior analyst at SuperTraderTV.

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