Global Stocks Open the Week Higher as North Korea-US Tensions Ease

U.S. Dollar Reverses on Poor Inflation

Wall Street produced solid gains on Friday. Inflation data proved problematic however before going into the weekend, as Consumer Price Index statistics were below forecasted results. The U.S Dollar promptly reversed on the poor outcome, which continued to underscore the Federal Reserve’s rhetoric that inflation has not returned to standardized norms. No major data will come from the States today, but tomorrow important Retail Sales figures will be released.

Growth Number Stronger in Japan

Gross Domestic Product results from Japan showed a surprise gain this morning. The Yen has weakened slightly against the U.S Dollar. Industrial Production numbers from China however this morning proved disappointing, the outcome of 6.4% was far below the estimate of 7.1%. Asians traders are showing more speculative flair early this morning in the broad markets as geo-political tensions between the U.S and North Korea have dampened the past couple of days.

Euro Resume Strength

Economic data will be minimal from the European Union today. However, tomorrow German growth data and the U.K Core Consumer Price Index figures will be presented. The Euro and Pound have resumed their strong stances against the U.S Dollar. European equities will be watched closely after putting in losses last week. The DAX has been under plenty of pressure and will begin trading down nearly 5 percent the past month.

Gold Speculation Still Active

Gold has begun trading this morning with slight downside pressure. After pushing towards important resistance before the weekend, Gold is near 1290.00 U.S Dollars an ounce. Speculators will remain active in the precious metal, particularly if the U.S Dollar continues to lose value.

Yaron Mazor is a senior analyst at SuperTraderTV.

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