Today we’d take a quick look at the most important events from all around the financial markets that might influence your trading day.
If you’re interested in the stock market, then you should keep an eye on the tax reform issues in the United States. Amid that source of political uncertainty the stock markets around the world have market losses. These include the European and Asian stocks, as well as US futures.
Meanwhile, in the United States we expect a number of economic reports on consumer core prices, CPI, and inflation. If inflation is growing steady, then that would serve as a confirmation for the Federal Reserve to increase interest rates in December. However, recently there has been new doubt about that among investors, who fear data will turn negative soon, as Trump’s presidency suffers more problems by the day.
As a result, the dollar itself suffered losses against major currencies. The euro in particular was supported by good GDP data from the eurozone.
