(Kitco News) – World stock markets were mixed overnight and pausing from recent gains. U.S.stock indexes are pointed toward slightly higher openings when the New York day session begins. The U.S. stock indexes are at or near record highs.
Gold prices are trading near steady as the bulls try to stop the bleeding from this week's sell off amid the improved risk appetite among traders and investors.
The attention of the marketplace at mid-week is on the Trump Administration's tax-reform plan, details of which could come as soon as today. Risk appetite in the world marketplace could be boosted again if it appears Trump's pro-business tax plan will make it through the U.S. Congress.
The key outside markets on Wednesday morning see the U.S. dollar index trading higher on a corrective bounce from recent selling pressure that drove the index to a 5.5-month low on Tuesday. Meantime, Nymex crude oil prices are slightly lower and hovering near this week's three-month low.
U.S. economic data due for release Wednesday is light and includes the weekly MBA mortgage applications survey and the weekly DOE liquid energy stocks report.
By Jim Wyckoff, contributing to Kitco News; [email protected]
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