Yahoo Finance Global Stocks Rise Ahead of Jackson Hole Meeting
Wall Street was positive on Tuesday. Today New Home Sales will come from the States. Europe will see Manufacturing and Services PMI data. Tomorrow the Jackson Hole Symposium begins in the States for central bankers.
Wall Street Rebounds with Solid Day, New Homes Sales Numbers Coming
Wall Street turned in solid gains on Tuesday as the Dow Jones Industrials, S&P and NASDAQ all performed well. The U.S Dollar has essentially range traded against the major currencies. New Homes Sales will highlight U.S data today. Housing sector statistics will continue tomorrow with Existing Home Sales. However, tomorrow’s start of the Jackson Hole Symposium will get most of the attention on Thursday. Trading sentiment in the States today will be closely watched by global investors as they check to see if Wall Street can stay positive.
Japanese Equities Gain Slightly, Solid Economic Data from Japan Again
The Nikkei and Topix began today’s trading with solid buying, but have turned rather cautious in the past few hours. The Yen has weakened incrementally the past day and is near 109.50 against the U.S Dollar. A typhoon has closed the equity market in Hong Kong today. Japanese Manufacturing Purchasing Managers Index results this morning came in better than expected with a reading of 52.8.
U.K. Delivers Better Results, German Sentiment Falters
The U.K delivered a good Public Sector Net Borrowing result on Tuesday and followed it up with another positive economic report via an Industrial Orders number. Germany, however, produced a disappointing Economic Sentiment outcome. The Pound and Euro have range traded against the U.S Dollar early this week. German and France have released Manufacturing and Services PMI numbers a bit earlier, and the European Union will present its broad results soon.
Crude Oil Speculators Waiting, Consolidation an Opportunity for Traders
Crude Oil Inventories numbers will be delivered from the States today and could cause a ripple among energy traders. Crude Oil has been pushed downwards early this week but has shown an ability to re-emerge and test the higher realms of its consolidated range. The 48.00 U.S Dollars a barrel level looks to be important.
Housing Sector Data from States, Manufacturing PMI Numbers from Europe
Investors will pay attention to the results from the New Homes Sales data in the U.S which will be issued at 14:00 GMT.
8:00 AM GMT E.U., Flash Manufacturing Purchasing Managers Index
14:00 PM GMT U.S., New Home Sales
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
