Global investors will monitor President Trump’s Asian tour closely. Trump is in Japan today and Korea tomorrow. Wall Street remains near record highs and
Global investors will monitor President Trump’s Asian tour closely. Trump is in Japan today and Korea tomorrow. Wall Street remains near record highs and the U.S Congress continues to consider the merits of a proposed tax reform package. Eurogroup meetings will get underway today.
Wall Street will open today near all-time highs, but risk events shadow the broad markets as President Trump embarks on his political journey of Asia. Traders responded to Trump’s last trip overseas, which was to Europe, with positive results, and they will hope the President doesn’t spark controversial remarks which could hurt the broad markets. Tax reform whispers will continue to make news in the States as Congress considers its merits. Data will be light from the U.S today, but New York Fed President Dudley will be speaking later.
President Trump’s tour overseas will keep Asian investors on their toes this week. Trump will be in Japan today and South Korea tomorrow. The Nikkei Index has been bullish for over two months as risk appetite shows no inclination of wavering. Average Cash Earnings data will come from Japan early tomorrow. On Wednesday, China is tentatively scheduled to release Trade Balance results.
Eurogroup finance ministers will meet today to prepare for a December European Union summit. The Euro is near important psychological mid-term support as it lingers near 1.16 against the U.S Dollars. And Services Purchasing Manufacturing Index readings will come from Germany and France today. Tomorrow European Central Bank President Draghi will speak in Frankfurt.
U.S Crude Oil has continued to traverse higher ground. The commodity enters today’s trading testing long-term highs as the commodity is trading around 56.00 U.S Dollar level. Crude oil prices are highly affected by the recent development in Saudi Arabia as arrests and uncertainty spread the country. A steady trend upwards has attracted new buyers and Crude Oil needs to be monitored in the coming days.
E.U Investor Sentiment Survey, Fed Member William Dudley in New York
The European Union will see the Sentix Investor Confidence reading at 9:30 GMT and traders will react to the results.
Yaron Mazor is a senior analyst at SuperTraderTV.
SuperTraderTV Academy is a leader in investing and stock trading education. Sign up for a class today to learn proven strategies on how to trade smarter.
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.