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Global Markets

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.

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

Global Markets

Global Stock Markets Mostly Weaker; Focus On OPEC Meeting Wednesday

World equity markets were mostly weaker overnight. U.S. stock indexes are pointed toward weaker openings when the New York day session begins. Traders and investors worldwide are anxiously awaiting the results of this week's OPEC oil cartel meeting.

Some reckon OPEC may be able to come to a final agreement to cut production, as the cartel reported in September

Global Markets

World Markets Subdued, Awaiting Reopen of U.S. Markets After Thanksgiving Holiday

Global stock markets were narrowly mixed in quieter trading Friday, and awaiting the open of U.S. markets that were closed on Thursday for the Thanksgiving holiday. Japan's Nikkei stock index hit a 10-month high Friday amid the recent decline in the Japanese yen against the U.S. dollar.

U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Global Markets

World Marketplace Quieter Ahead Of U.S. Thanksgiving Holiday

World equity markets were mixed in quieter trade Wednesday. U.S. stock indexes are pointed toward slightly lower openings when the New York day session beings. The U.S. Thanksgiving holiday on Thursday will keep the world marketplace somewhat muted the rest of this week. The major U.S. stock indexes have this week hit record highs, in the aftermath of the surprise U.S. presidential election that resulted in a win by Donald Trump.

Gold prices are trading near steady in early U.S. dealings.

Global Markets

Global Stock Markets, Precious Metals, Lifted By Hopes For Increased Demand From China

World stock markets were mixed to firmer overnight, but selling pressure was limited by higher crude oil and precious metals prices, which in turn supported energy and mining stocks.

Asian stock markets and precious metals markets were supported by comments from China's President Xi Jinping, who said his country will back a free trade area in the Asian region. That could mean more demand for raw commodities coming from China, the world's second-largest economy.

U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Global Markets

Strong U.S. Dollar, Rising Bond Yields Pressure Global Stock Markets Friday

Global equity markets were under pressure Friday as the rout in world bond markets continues, amid ideas that better world economic growth and more spending (led by the U.S.) will push interest rates higher and reignite some inflationary price pressures. Some profit taking from recent gains is also featured in world stock indexes Friday. U.S. stock indexes are pointed toward weaker openings when the New York day session begins.

Gold prices are moderately lower and fell to a nine-month low overnight.

Global Markets

Global Equities Markets Up As Oil Prices Rebound

World stock markets were mostly firmer overnight as the price of crude oil rebounded from multi-month lows hit on Monday. The U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Gold prices are firmer on some short covering and perceived bargain hunting after hitting a 5.5-month low on Monday.

In overnight news, The Chinese yuan fell to an eight-year low against the U.S. dollar Tuesday

Global Markets

Trump's Win Roils World Markets; Gold Sharply Up, World Stock Markets Down

Gold prices are sharply higher and trading above $1,300.00 an ounce. World stock markets sold off sharply and U.S. stock indexes are pointing toward solidly lower openings when the New York day session begins. U.S. stock indexes are trading well off their lows seen overnight, however.

The U.S. Treasury bond and note markets are trading with steep losses in prices and have hit multi-month lows, after trading sharply higher late Tuesday evening.