Advertisement
New Zealand markets closed
  • NZX 50

    12,105.29
    +94.63 (+0.79%)
     
  • NZD/USD

    0.5971
    -0.0004 (-0.07%)
     
  • NZD/EUR

    0.5538
    +0.0005 (+0.09%)
     
  • ALL ORDS

    8,153.70
    +80.10 (+0.99%)
     
  • ASX 200

    7,896.90
    +77.30 (+0.99%)
     
  • OIL

    83.11
    -0.06 (-0.07%)
     
  • GOLD

    2,254.80
    +16.40 (+0.73%)
     
  • NASDAQ

    18,254.69
    -26.15 (-0.14%)
     
  • FTSE

    7,952.62
    +20.64 (+0.26%)
     
  • Dow Jones

    39,807.37
    +47.29 (+0.12%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • NIKKEI 225

    40,369.44
    +201.37 (+0.50%)
     
  • NZD/JPY

    90.3100
    -0.0830 (-0.09%)
     

Global Equities Slump as Nervousness Grows

Global equities have become cautious. Asian Indexes have slumped this morning.

The U.S Dollar has been stronger. Inflation data will come from the States today via the Producer Price Index.

Wall Street Turns in Nervous Session, Produce Price Index Today

Wall Street turned in a nervous session on Wednesday as the three major Indexes lost value. However, selling was not heavy and market conditions continue to appear tentative. Important inflation data will come from the States today via the Producer Price Index, and tomorrow Retail Sales and the Consumer Price Index reading will be released.

Australian Retail Data Improves, China Trade Balance Tomorrow

Retail Sales from Australia showed improvement this morning with a gain of 1.2%. However, that result has not helped Australian equities, nor has it bolstered other Asian equity markets which have seen cautious selling today. Trade Balance numbers will come from China tomorrow. And the Yen has continued to stay strong against the U.S Dollar.

FTSE Gained as other Indexes Slumped, Euro and Pound under Pressure

Industrial Production numbers will come from Europe today, yesterday’s manufacturing and production results from the U.K essentially met expectations. A credit report will come from the Bank of England. The Footsie managed to gain yesterday, while other major European equity Indexes lost ground. The Euro and Pound saw choppy trading yesterday and remain under pressure.

Gold Battling Resistance & Remains Strong, Crude Oil Attracting Speculators

Commodities have continued to prove bullish this week and Gold and Crude Oil have both benefited as they have maintained their stronger stances. The precious metal is near 1317.00 as it continues to test resistance. And U.S Crude Oil continues to attract speculators.

ADVERTISEMENT

Bank of England Borrowing Statistics, U.S Inflation Data Today

Investors will read through the European Central Banks Monetary Policy Meeting Accounts when it is released at 12:30 GMT.

  • 9:30 AM GMT U.K, Bank of England Credit Conditions Survey

  • 12:30 PM GMT E.U, ECB Monetary Policy Meeting Accounts

  • 13:30 PM GMT U.S., Producer Price Index

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.

This article was originally posted on FX Empire

More From FXEMPIRE: