Global stock markets are mostly higher today. Shares rose in Europe and Asia, while trading on the Tokyo Stock Exchange halted due to a technical failure.
TSE President Koichiro Miyahara apologized for the interruption after the bourse suspended the full trading day on the world’s third largest exchange to avoid market confusion.
In Europe, official statistics reported the unemployment rate is now 8.1% in countries that use the euro, an increase from 7.9% in July.
That’s bad news for traders and investors, and here’s why…
But despite Europe’s negative unemployment data and concerns that government stimulus programs won’t be able to keep businesses hit by coronavirus restrictions above water, investor sentiment is rather optimistic.
In today’s video, I have more on how fundamental data impacts the global economy… whether the market is bullish or bearish… the strongest and weakest sectors over the past 30 days… and two stocks showing a high-probability, low-risk fade pattern.