U. S. stocks were under severe pressure on Friday, with Bank of America falling as much as 2.5 percent, largely plagued by the Turkish financial crisis. The dollar is gaining traction as the market moves into risk-aversion mode with higher volatility. Major currencies fell roughly, with the euro falling below 1.15 against the US dollar and the Australian dollar plunging to US $0.73, both of which were the biggest victims. Investors in the Asia-Pacific region may have a tough day as markets fluctuate last week and investors are worried about and worried about the financial crisis in Turkey.
Heavyweight data is full of money all week, the euro and sterling get the attention
The week`s heaviest of data, starting in the middle of tomorrow, includes China`s industrial output and retail sales. It was followed by inflation data and economic indices from around the world. If this week`s EU GPD and inflation data suggest a slowdown in the economic outlook exacerbates market concerns, it could exacerbate euro volatility. In the UK, if inflation and retail sales figures do not improve, the already weak pound could be further weighed down.
Today`s focus
Bond markets rebounded higher, in contrast to downward pressure on commodity prices. All indicators suggest investors are worried about the potential economic crisis. Investors are more sensitive to news, or directly reflected in market trends. Asia-Pacific futures hinted at a start or weakness in trading. However, the strength of the dollar and the weakening of the local currency could ease the sell-off among investors.
Jonathen Chan Chen, Australian market analyst at: CMC Markets
