Markets appear to be ignoring softer China numbers and euro zone data as European shares turn up — and growth commodities like copper and crude oil are following the broader markets. Meanwhile, the “safe haven” money flow is slowing, shifting pressure away from gold and silver and onto the U.S. dollar.
If you’re starting to feel like Bill Murray in Groundhog Day, you’re not alone. Once again U.S. futures indicate a lower open on worries about euro zone political turbulence and debt problems driving trader sentiment.
Emerging markets underperformed last week as investors cheered continuing corporate profits in the U.S., but global risks threaten weakness in higher risk assets.