Archives for October 2017

October 2017 - Page 8 of 23 - Money Morning - Only the News You Can Profit From

Global Stock Markets Lifted As U.S. Senate Passes Tax-Cut Blueprint

World stock markets were mostly higher overnight. U.S. stock indexes are also pointed toward firmer openings when the New York day session begins. Global equities were boosted overnight in part on news the U.S. Senate passed a tax-reform blueprint package late Thursday. If the so-called blueprint becomes law it would likely help to stimulate the U.S. economy via lower tax rates.

Gold prices are lower in pre-U.S.-session trading amid the keener risk appetite in the marketplace Friday, and on a higher U.S. dollar index. The greenback was also supported on the U.S. Senate passage of the tax-reform blueprint.

The Euro currency is under pressure late this week after the Spanish government got a rebuke from the Caladonia region's leader on Thursday.