Global Equities Higher as Speculation Builds, Pound Hits one-year High
Apple held their highly-anticipated product launch on Tuesday and as its stock sold off slightly, Wall Street produced moderate gains. The Pound surges to highs yesterday as strong inflation results came from Britain.
Apple Trading Fast & Intensive, Wall Street Extends Winning Streak
Apple held their much-anticipated product launch yesterday and volatile trading was the immediate effect. As Apple Incorporated finished the day with some losses, Wall Street continued to produce gains across the three major Indexes. Important Producer Price Index numbers will come from the U.S today and the inflation results will be closely monitored. Wall Street recent winning streak will also be watched closely by investors.
Nikkei Moves Forward, Japanese Manufacturing Improves
While the Hang Seng and Shanghai Shenzhen composites have been tentative this morning, Japanese equities have again seen buying. The Nikkei Index has gained nearly 19 percent in value the past year. A Manufacturing Index reading from Japan produced a better than expected outcome. And the Yen remains near the 110.00 mark against the U.S. Dollar.
U.K. Limelight Shines Bright, Pound Traversing Highs as Data Awaits
The U.K will stay in the limelight these next two days. The Pound surged on Tuesday as surprisingly strong gains via inflation figures were published. Today Average Earnings Index statistics will be presented, and tomorrow the Bank of England will be under the microscope. As the Pound has traded at one-year high is traversing the 1.33 level against the U.S Dollar, the FTSE Index has become cautious.
Buyers Emerge in Gold, Reversal from Low Water Marks
Gold was able to reverse from low water marks on Tuesday as buying emerged. The precious metal is near 1332.00 U.S Dollars an ounce. Gold has shown the ability to sustain its higher values, but traders should expect more volatility if global equities remain speculative.
U.K. Wage Statistics, Inflation Figures from U.S. Coming
The Average Earning Index figures from the U.K could cause another stir for Pound investors at 8:30 GMT.
- 8:30 AM GMT U.K., Average Earnings Index
- 12:30 PM GMT U.S., Producer Price Index
- 14:30 PM GMT U.S., Crude Oil Inventories
Yaron Mazor is a senior analyst at SuperTraderTV.
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