Global Equities Declining as Nervousness Grows, Asian Stocks Fall

Inflation numbers from the States were stronger than anticipated yesterday, and today Consumer Price Index data will be published. Growth statistics from Germany were solid on Tuesday. The Euro has been stronger against the U.S Dollar. Global equities remain cautious and nervous.

Investors Turning Nervous in States, Crucial Data from U.S Today

Selling on the three major Indexes in the U.S has continued. The Dow Jones Industrials will start the day slightly above the 23,400 level. Inflation data via the Producer Price Index was strong yesterday, and today important Consumer Price Index numbers will be brought forward along with Retail Sales figures. Investors appear nervous in the U.S as grey shadows surrounding Washington politics grows.

A Sea of Red for Asian Equities, Profit Taking Widespread on Indexes

Asian equities have been a sea of red this morning as selling has ripped through the markets. The Nikkei and Topix Indexes have experienced steep declines. Gross Domestic Product results from Japan published early missed their target, but the gain of 0.3% was not terrible. Profit taking may be a large part of the equation in the Asian marketplace as traders react to caution on other global Indexes.

German Gross Domestic Product Improves, Pound & Euro Gain

The U.K will continue to publish important inflation statistics today when the Average Earnings Index figures are released. The Pound has been able to put in gains against the U.S Dollar but remains in a fight as its value traverses near 1.3140. Growth numbers from Germany were better than expected yesterday and the Euro has been stronger.

Anticipation of Inflation Increasing, Gold Gains Testing Resistance

Gold has been able to make incremental gains and sustain them. The precious metal is near 1280.00 U.S Dollars an ounce. Speculators have shown a willingness to test resistance, and the belief inflation numbers may be stronger than anticipated since the U.S may be powering some of Gold’s gains.

Key Inflation Data from States, Critical Economic Numbers Coming

Investors will want to see the results from the Consumer Price Index in the U.S when it is issued at 13:30 GMT.

• 9:30 AM GMT U.K., Average Earning Index
• 13:30 PM GMT U.S., Consumer Price Index
• 13:30 PM GMT U.S., Core Retail Sales

Yaron Mazor is a senior analyst at SuperTraderTV.

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