Global Stocks Mostly Lower on North Korea Worries, U.S. Consumer Confidence Reading Coming

The CB Consumer Sentiment reading will come from the States today. Gold has rebounded from lows on heightened rhetoric from North Korea. The DAX Index gained on Monday after the election victory by Angela Merkel.

Equities Prove Cautious on Major Indexes, Data will Test Sentiment

Wall Street produced declines across the board on Monday as investors continued to prove cautious as equities remain highly valued. An important Consumer Confidence reading will be released via the Conference Board for the States today, and New Homes Sales data will be issued too. Important data will come from the U.S all week and will prove crucial for short-term trading sentiment.

Bank of Japan’s Inflation Debate, Mixed Trading on Asian Markets

Asian markets have seen cautious and mixed trading this morning. The Bank of Japan released its Monetary Policy Meeting Minutes and it highlights a disagreement has emerged among members who question Japan’s inflation target. The Yen has gotten stronger and is near 111.50 against the U.S Dollar.

Dax Gains on Merkel Victory, Greece Stress Tests Announced

The Dax Index in Germany produced gains on Monday, but other European equity markets declined. The Euro has lost value against the U.S Dollar and is near 1.1850. Greece has said it will undergo stress tests for its banking sector in February in order to test its economic health. The German Business Climate reading yesterday came in below expectations. Data will be relatively light from the European Union and Britain today.

Gold Powers Higher, Risk Adverse Buying Spurred   

Gold has put in solid gains the past day as it emerged from important support with significant buying helped as geo-political tension via North Korea spurred risk adverse action. The precious metal has powered above 1310.00 an ounce this morning and continues to see fast conditions.

Consumer Data from States, U.S. Housing Sectors Numbers

Traders will look at the results from the Consumer Confidence reading which will be published in the States at 14:00 GMT.

• 14:00 PM GMT U.S., CB Consumer Confidence
• 14:00 PM GMT U.S., New Home Sales

Yaron Mazor is a senior analyst at SuperTraderTV.

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