U.S. Investors Return to Markets after Long Weekend, Global Stocks Mixed amid Risk Off Sentiment

Global markets have remained cautious and jittery as the North Korea situation continues to make the news. U.S traders will return to the broad markets. FOMC member Robert Kaplan will speak later. The U.K will release Services PMI data early today.

Many Considerations on Table, Trading Sentiment Important

U.S traders returning to the broad markets will need to contemplate a wide variety of subjects quickly: Tension between the States and North Korea continues to boil. Inflation data produced late last week in the U.S was below expectations. The aftermath of Hurricane Harvey is still being quantified. And several Federal Reserve members will be speaking today, among them Robert Kaplan who is a significant leader for the U.S central bank. Trading sentiment from the States will be watched carefully today.

Mixed Equity Results in Asia, Improved Services Numbers in China

Japanese equities have remained under pressure this morning, but Chinese equities have gained. The Caixin Services Purchasing Managers Index for China produced an improvement in an outcome 52.7, which helped boost confidence for investors. Japan will present Average Cash Earnings data early on Wednesday. The Yen remains strong against the U.S Dollar and near 109.00.

Brexit Shadows Pound Trading, ECB Looms for Thursday

The Pound has been under slight pressure the past day as rumors continue to swirl regarding the timetable for a speech about the Brexit from Prime Minister Theresa May later this month. Service Purchasing Managers Index numbers will come from the U.K today. The Euro has continued to remain strong against the U.S Dollar and is above 1.19 early. The European Central Bank will conclude their monetary policy meetings this Thursday.

Risk Adverse Buying Fuels Gains, Gold Traversing Highs

Gold remained consistent on Monday. The precious metal is traversing the 1340.00 U.S Dollars an ounce juncture and is being watched closely by speculators as it continues to show strength. Risk adverse buying may be fueling Gold’s incremental gains.

Services Data from Britain, FOMC Member Kaplan Speaking

The U.K will publish Services Purchasing Managers Index numbers at 8:30 GMT and traders will take note of the outcome.

8:30 AM GMT U.K., Service PMI

14:00 PM GMT U.S., Factory Orders

22:05 PM GMT U.S., Federal Reserve FOMC Member Kaplan Speaking

Yaron Mazor is a senior analyst at SuperTraderTV.

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