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Global Equities Remain Cautious on Geo Political Tension but Showing Signs of Stability

By:
Yaron Mazor
Updated: Aug 10, 2017, 11:19 UTC

Global investors continue to show signs of caution. The U.S will release important inflation statistics today via the PPI. Tomorrow Core Consumer Price

Global Equities Remain Cautious but Showing Signs of Stability

Global investors continue to show signs of caution. The U.S will release important inflation statistics today via the PPI. Tomorrow Core Consumer Price Index results will come from the States too. Wall Street will be watched carefully today for signs of stability.

Key Inflation Data Today, Wall Street Sentiment in Spotlight

If U.S investors can divert their attention away from the political quagmire between North Korea and the States, they may look at the Producer Price Index data carefully today. The inflation statistics will be crucial for traders the next two days, tomorrow the Core Consumer Price Index will come from the U.S also. The U.S Dollar has continued to act as a safe-haven in early trading this morning against the Pound and Euro. Wall Street turned in slight losses yesterday but did not suffer a major decline, and global investors will be keen to see if some upside momentum can be accomplished today.

Japanese Equities Stabilize, Asian Investors Risk Adverse

The Nikkei and Topix Indexes turned in fractional losses today. The Japanese equity exchanges ability to show stability may be interpreted as a positive sign moving forward. The Yen however has remained strong, as Asian investors do continue to show signs of being risk adverse. Economic data from Japan was disappointing today, particularly from the Core Machinery Orders which came in far below its estimate. Tomorrow is a banking holiday in Japan.

Pound Trading in Fast Conditions, FTSE and DAX Under Early Pressure

The FTSE 100 and DAX have opened in negative territory early today. Italian Trade Balance numbers have been released, but investors are clearly focused on the broader global picture. Manufacturing Production numbers have been published from the U.K, and the Pound has remained under fast market conditions. Tomorrow Germany will release important inflation data.

Gold Remains Volatile, Global Investors Watching Precious Metal  

Gold has continued to sustain its strong pace and has added value. The 1287.00 U.S Dollars an ounce mark for the precious metal is a focal point, as it approaches important mid-term resistance. Gold is likely to remain volatile today and tomorrow if global investors remain nervous.

Yaron Mazor is a senior analyst at SuperTraderTV.

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About the Author

Yaron Mazorcontributor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.

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