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Market Sentiment Webinar: Sour for Stocks, Better for Base Metals

Market Sentiment Webinar: Sour for Stocks, Better for Base Metals

Martin Essex, MSTA, Analyst

Talking Points

- Overall, market sentiment is currently fragile on the turmoil in the White House and the joint military exercises between the US and South Korea.

- Looking to the week ahead, several indicators will be important, including the ZEW and Ifo numbers and the latest purchasing managers’ indexes.

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Market sentiment is quite poor currently on the comings and goings in the White House, along with the joint annual military exercises between the US and South Korea, which could prompt a response from North Korea. There is also the important Jackson Hole symposium towards the end of the week.

This market fragility is most obvious in the stock markets and least obvious in the prices of iron ore, copper and zinc, which have all been rising.

Among the forward-looking indicators to keep an eye open for this week, the ZEW and Ifo surveys could both be important, as will be the series of purchasing managers’ indexes from around the globe.

--- Written by Martin Essex, Analyst and Editor

To contact Martin, email him at martin.essex@ig.com

Follow Martin on Twitter @MartinSEssex

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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