This article continues to explore significant global political and economic developments impacting markets. Key events such as the Democratic National Committee's nomination plans, Japan's political instability, and trade tensions in China influence major currencies and stock indices globally.
This article explores significant global political and economic developments impacting markets. From the US Supreme Court ruling on Trump's immunity to China's production excess and geopolitical tensions in the Middle East, these events influence major currencies and stock indices worldwide.
U.S. stocks closed mixed. Dow Jones Industrial Average fell 118 points (-0.31%) to 37,592, S&P 500 gained 3 points (+0.08%) to 4,783, and Nasdaq 100 edged up 12 points (+0.07%) to 16,832.
The Week Ahead - West Edition
All Eyes on key levels and US inflation
The dollar was up on Tuesday morning in Asia. Meanwhile, the yen traded near a one-month low to the U.S. currency as uncertainty about the omicron COVID-19 variant was largely consigned to the background, and investors’ risk appetite improved.
The economic docket in Sweden and Norway remains light, but critical data out of the US and Europe may jolt Nordic currencies. Swedish Krona traders are eyeing the upcoming Riksbank rate decision.
Gold prices could be weighed down if the US Dollar rises in risk aversion on soft economic data. Other hazards for the precious metal include a more dovish RBA and Brexit updates.