Global Equities have continued to trade in a cautious manner. The Nikkei Index has stabilized after yesterday’s steep losses with some slight gains today. Gross Domestic Product numbers will come from Europe. Tomorrow Average Hourly Earning data will come from the States.
Investors Nervous at these Heights, Uninspiring Day of Trading
Wall Street turned in rather uninspiring trading on Wednesday. The Dow Jones Industrials and S&P lost ground, while the NASDAQ added slight value. Investors continue to appear nervous with the higher values equities have. Weekly jobs numbers will come from the States today, but tomorrow’s Non-Farm Employment Change and the Average Hourly Earnings data are being anticipated.
Australian Data Misses Target, IMF Consumer Debt Waring for China
Trade Balance numbers from Australia came in below expectations early this morning. Asian markets have stabilized after their large sell-off yesterday, and the Nikkei Index has managed to gain some ground. And it should be noted the IMF published a report yesterday outlining its concern about consumer debt amounts in China, and Trade Balance numbers will come from the nation early tomorrow.
U.K Grappling with Political Infighting, Pound, and Euro Faltering
What appeared to be a working agreement for the U.K and Europe early this week has turned into a sea of troubles again for Prime Minister Theresa May as problems persist politically. Next week’s Brexit Summit between the E.U and U.K could be hard-pressed to find a happy conclusion. The Pound and Euro lost value against the U.S Dollar yesterday. The Halifax Home Price Index will come from Britain this morning, but all eyes are on Theresa May as she grapples with political infighting within her Tory-led government.
Crude Oil Uncertainty for Investors, Steep Decline in Crude Oil
Crude Oil lost more value on Wednesday and is battling the 56.00 U.S Dollars a barrel ratio. The commodity has seen its price tested by sellers the past couple of weeks on a steady basis. Yesterday’s tumble in U.S Crude Oil was steep and a sign of potential uncertainty for investors.
European Growth Numbers, Weekly Jobs Data from States
The Revised Gross Domestic Product numbers will come from the European Union at 10:00 GMT and traders will examine the data.
- 8:30 AM GMT U.K., Halifax HPI
- 10:00 AM GMT E.U., Revised GDP
- 13:30 PM GMT U.S, Unemployment Claims
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire