Global Equities Fly Higher as Investors Turn Positive

Wall Street broke out of its cautious mode on Monday and saw widespread gains on the three major equity Indexes. The Dow Jones will start the day above the 21,500 level. Current Account data will come from Europe and the U.S today.

NASDAQ Sparks Run Higher – Investors Prove Positive

Wall Street soared to new heights on Monday as risk adverse sentiment was swept to the side, and gains on the NASDAQ sparked positive waves of buying in the other major U.S Indexes. The Dow Jones Industrials rocketed upwards and finished the trading day above the 21,500 level. While there was no major economic data from the States yesterday, Federal Reserve members continued their hawkish rhetoric regarding interest rate policy. Current Account data will come from the U.S today. Although Washington politics remains a sore point among investors, yesterday’s trading in the equity markets solidified the notion traders have a positive mind set via CFD’s.

Nikkei Advances Again – China Data Later Today

The Nikkei and Topix Indexes have walked in step with their American counterparts early today as Japanese equities have soared. The Nikkei Index is over three and half percent this past month, while the Topix has achieved a monthly gain of nearly 4%. The Yen has been weaker against the U.S Dollar and the 112.00 level looks to be resistance. The Conference Board will release the Leading Index statistics for China later today. In the meantime the Shanghai Shenzhen composite has been cautious.

Brexit Talks Officially Underway – European Equities Solid Gains

European Indexes achieved solid gains on Monday. The Euro and the Pound however struggled yesterday against the U.S Dollar. Brexit talks have officially begun between the European Union and the U.K in order to achieve a working outline.  Political worries continue to hamper Prime Minister May and her Tory led government, because of their weakened mandate after the humiliating election results nearly two weeks ago. The European Union will release its Current Account data today, and tomorrow the U.K will issue its Public Net Borrowing statistics. s

Fed Rhetoric Hurting Gold – Interest Rate Worries Creating Headwinds for Precious Metal

Gold continues to be hit by rhetoric coming from U.S Federal Reserve members, who insist the central bank is not done raising its interest rate in the State this calendar year. The precious metal has lost ground again this morning and the 1240.00 U.S Dollars an ounce price looks to be important short-term support.

Yaron Mazor is a senior analyst at SuperTraderTV.

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