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Oil

Global Markets

World Stock Markets Higher As Trader/Investor Optimism Remains Generally Upbeat

World stock markets were mostly firmer overnight. European stock markets benefited in part from Thursday's European Central Bank meeting on monetary policy that was deemed dovish. Financial stocks in Europe have posted decent recoveries recently. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins. The Dow and S&P 500 stock indexes have hit record highs this week on ideas world economic growth is on the upswing and will continue on that path in 2017.

In overnight news, China's consumer price index in was up 2.3% in November, year-on-year, while the producer price index was up 3.3% in the same period.

Global Markets

Markets Subdued Overnight, Awaited ECB Meeting, Draghi Press Conference

World stock markets were mostly higher in quieter overnight trading, following Wall Street's solid gains on Wednesday that produced record highs in the Dow Jones Industrial Average and the S&P 500 indexes. Asian shares were supported in part by the appointment of Iowa Governor Terry Branstad as ambassador to China. Chinese officials called Branstad "an old friend." U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.

Traders and investors were awaiting the results of Thursday's regular meeting of the European Central Bank.

Global Markets

World Stock Markets Mostly Firmer; ECB, FOMC Meetings On Deck

Global stock markets were mostly firmer overnight, following the lead from New York’s higher close Tuesday. The Dow Jones Industrial Average this week hit has hit a record high. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.

Gold prices are higher in early U.S. trading on a short-covering and bargain-hunting bounce following recent selling pressure that drove prices to a 10-month low this week.

In overnight news, U.K. industrial output in October was reported down 0.9%, month-on-month and down 0.4%, year-on-year. That was a big miss to the downside from market expectations.

Global Markets

World Stock Markets Firmer Tuesday, Led By Wall Street and Dow's Record High

Global stock markets were mostly firmer overnight, following the lead from New York's higher close Monday, where the Dow Jones Industrial Average hit another record high. European and Asian financial shares showed some recovery from recent losses, amid Italy's "no" vote on constitutional reforms.

Asian stock markets were also lifted on relief that the Italian no vote did little to rile the world marketplace. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

In overnight news, the Euro zone third-quarter gross domestic product was reported at up 0.3% from the second quarter and was up 1.7%, year-on-year.

Global Markets

Global Stock Markets Mostly Weaker, As U.S. Jobs Data On Deck

World stock markets were mostly weaker overnight, ahead of the big economic report of the week that is due out shortly: the U.S. Labor Department employment report for November. The non-farm payrolls figure is forecast to rise by 180,000.

U.S. stock indexes are pointed toward weaker openings when the New York day session begins. Some market watchers are now wondering if the "Trump rally" in world stock markets has now run its course.

Stock markets in Europe were pressured in part on worries about this Sunday's Italian referendum on constitutional reforms.

Global Markets

World Markets Now Focusing On Sunday's Italian Referendum, ECB Meeting Next Week

Global stock markets were mixed overnight, on this first trading day of the month. Asian shares benefitted from Wednesday's OPEC agreement to cut production levels, while stock markets in Europe were pressured on worries about the December 4 Italian referendum on constitutional reforms.

A "no" vote on the reforms could eventually put Italy in violation of European Union rules. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.

World bond markets remain in focus as yields continue on the rise. U.S. 10-year yields have risen to 2.4% late this week.

Global Markets

Sharp Gains In Crude Oil Prices Lift Global Stock Markets Wednesday

World equity markets were mostly firmer Wednesday amid sharply higher crude oil prices. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Traders and investors worldwide are anxiously awaiting the results of the OPEC oil cartel meeting that began Wednesday in Vienna, Austria. Crude oil prices are sharply higher on reports Iran's oil minister said he believes a deal to curtail the cartel's collective crude oil production will be reached, even though Iran does not want to immediately scale back its output.

There is also marketplace uncertainty regarding the December 4 Italian referendum on constitutional reforms.

Oil

Why WTI Crude Oil Prices Are Dropping Today

One day ahead of the highly anticipated Organization of the Petroleum Exporting Countries (OPEC) meeting on whether to cut production, WTI crude oil prices are dropping.

Doubts are rising that the oil cartel will reach an agreement on Wednesday.

Here's what today's action in the oil patch looks like...

Global Markets

World Marketplace Awaiting OPEC Meeting To Kickoff Wednesday

Global stock markets were narrowly mixed overnight. European stock markets were mostly firmer as Italian financial stocks posted a recovery from recent losses. Asian stocks were mixed, with buying interest limited by lower raw commodity market prices Tuesday. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.

Gold prices are moderately lower in early U.S. trading Tuesday

Oil

Saudi Arabia Panics About Donald Trump Ahead of Wednesday's OPEC Meeting

Saudi Arabia issued near-impossible standards ahead of OPEC’s big meeting this week.

Here’s why the kingdom’s manipulation tactics are actually directed at Trump…