More positive risk sentiment ahead?

Important News for this day

• 10th, 14:30 CET US Core consumer price index.

• 10th, 16:00 CET US prelim. consumer snetiment.

US tariffs

Stock markets resumed their upside momentum after days of falling prices. Upside momentum might now continue as the positive sentiment has taken over. Yesterday the fear & greed index went towards extreme fear with a reading of 3. After such negative sentiment the market seems to have changed direction looking positive. Yet the market might still be vulnerable for some retracements to lower levels. In particular the upcoming earnings season might start to show impacts and will be eyed by investors globally. The Gold price keeps rising and might be seen as an indicator here for now.

Market talk

Yesterday, Donald Trump pushed back stating that tariffs would be imposed only on China and their products. Other countries will get a day 90 day break from added tariffs. The US administration seemingly understood that this uphill battle was a bit too much for their economy and might even cause the general economy being negatively affected. Before that announcement also JPMorgan’s CEO, Jamie Dimon, appeared in television repeating the same story. The current situation should technically also be reviewed for potential insider trading. Before his announcement Trump broadcasted via his social media channel that it would be “a good time to buy now”. 

Tendencies in the markets

• Equities positive, USD weak, cryptos sideways, oil positive, Silver rising, Gold positive, JPY weaker.