European Shares Follow U.S. Sharp Declines on Trade War and Tech Sector Concerns

Tesla has continued to see bad news mount. Full trading volumes will be seen in Forex today.

NASDAQ Leads the Charge Downward, Problems for Tesla Mounting

Upon their return to the equity markets on Monday, U.S investors produced another wave of massive selling. The NASDAQ once again led the charge downwards, and the Dow Jones Industrials and S&P both suffered too. Manufacturing numbers stayed robust in the U.S but missed the estimated results. Total Vehicle Sales will be released from the major U.S carmakers today. And Tesla should be watched, the auto manufacturer has released less than promising news regarding its output, and analysts are pointing to potential money shortfalls as its problems mount. Asian markets have sold off this morning and the Nikkei Index has led the declines.

Full Trading Volumes Expected in Forex, U.S Dollar Relatively Strong

Forex will see produce full volume trading for the first time since last Thursday and this could create fireworks. The U.S Dollar has remained within its stronger realms the past few trading sessions. The Euro is near the 1.23 level and the Pound is around 1.4050 versus the U.S Dollar. The Yen has gained slightly this morning however as Asian equity markets have lost value. And traders should keep in mind that Friday’s Average Hourly Earnings outcome from the U.S could cause a shakeup in forex.

Gold Getting Banged Around, Dynamic Conditions for Precious Metal

Gold saw its value climb as Wall Street’s vicious declines spurred on risk adverse buying. The commodity is near 1338.00 U.S Dollars with fast conditions dominating. If global equities remain nervous Gold will remain dynamic, but the U.S Dollar should be watched for correlations because of its inverse relationship to the precious metal.

Manufacturing Readings from E.U & U.S, Vehicle Sales from States

Manufacturing data from the U.K will be a highlight for traders early at 8:30 GMT.

• 8:00 AM GMT E.U, Final Manufacturing PMI
• 8:30 AM GMT U.K, Manufacturing PMI
• All Day, U.S, Total Vehicle Sales

Yaron Mazor is a senior analyst at SuperTraderTV.

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