Market Snapshot – Risks Abound But Markets Still Buoyant
Slow Day in The Markets
It has been a slow day in the markets though the usual risks surrounding the Korean region continues to dominate the markets over the last few days. North Korea threatens to conduct a missile launch while the US continues to mull options on how to deal with them and this has kept the risk levels high. But this has not weighed too much on the stock markets as the inflation talk from Yellen over the weekend has led to the dollar becoming steady since the time trading began today morning. Yellen indicated that she expected the inflation to pick up in the coming months and this has kept the investors and traders busy. We will have to see whether this indeed does happen in the coming weeks as the incoming data would be watched very closely for signs of a rate hike in December.
Risks Continue to Haunt
On the European side, we have reports that Catalonia continues to threaten independence and this has added to the pressure on the stock markets in Spain. The other stock markets in Europe continue to trade in a steady manner as the DAX has since broken through 13000 and though there has not been a quick move above, we are seeing a slow and steady move higher in the DAX and it looks as though the index would finally close the day above the 13000 region giving a lot of hope for the bulls. The other stock markets are stable around the world with the US stock markets expected to start at record levels and continue to move higher.
This article was originally posted on FX Empire
