Category

Commodities

Global MArket

Global Equity Markets See Some Pressure From Downbeat Corporate Earnings

World stock markets were mostly weaker in overnight trading, pressured a bit by some downbeat corporate earnings reports. Japan's Nikkei stock index saw its record-setting 16-session winning streak halted Wednesday. U.S. stock indexes are pointed toward modestly lower openings when the New York day session begins.

Gold and silver prices are lower and hit a three-week low overnight. The bears have downside technical momentum in these two precious metals markets.

In overnight news, the U.K. GDP was reported up 0.4% in the third quarter and up 1.5%, year-on-year, which was a bit better than market expectations.

Global Market

Global Equities Mixed As Geopolitical Front Remains Quieter

World stock markets were mixed overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins, after a rare sell off that occurred on Monday. Global equities traders are focused on corporate earnings reports this week.

Gold prices are slightly lower in pre-U.S.-session trading. The bears have some technical momentum on their side early this week. There have not been any flare-ups on the geopolitical front the past couple weeks, and that is also working against the safe-haven metal.

In overnight news, the Euro zone Markit purchasing managers' survey (PMI) came in at 55.9 in October versus 56.7 in September.

Global Market

World Stock Markets Lifted Following Japanese Elections

World stock markets were mostly higher overnight. U.S. stock indexes are also pointed toward firmer openings and new record highs when the New York day session begins.

Gold prices are lower in pre-U.S.-session trading, amid the better risk appetite seen in the marketplace in recent sessions. A firmer U.S. dollar indexx to start the trading week is also bearish for the gold and silver markets.

In overnight news, the Japanese yen saw pressure against the U.S. dollar after Japanese elections showed Prime Minister Abe and his coalition government with a lop-sided victory in snap elections.

Global Market

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.

Global Market

World Equity Markets Firmer, But Subdued As China's Party Congress Convenes

World stock markets were mostly firmer overnight, but in quieter trading. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. The U.S. stock indexes are at record highs this week. Hopes for tax cuts in the U.S. are helping to lift the U.S. stock market.

Gold prices are weaker again in pre-U.S.-day-session trading. The bears have gained some downside technical momentum this week. A higher U.S. dollar index this week is also working against the gold and silver bulls.

The geopolitical scene has been quieter the past couple weeks and that's allowed world trader/investor risk appetite to uptick, which is bullish for the stock markets and bearish for safe-haven gold.

Global Market

Global Equities See Corrective Pullbacks; Risk Aversion Still Low

World stock markets were mostly weaker overnight, on corrective pullbacks from recent gains that have put many stock indexes at record or multi-year highs. U.S. stock indexes are narrowly mixed in early U.S. electronic trading. Focus so far this week is on corporate earnings reports.

Gold prices are solidly lower in pre-U.S.-session trading. The geopolitical scene has been quieter the past couple weeks and that's allowed world risk appetite to uptick, which is bearish for safe-haven gold.

In overnight news, consumer prices in the U.K. hit a five-year high in September, at up 3.0%, year-on-year.

Global Market

Global Stock Markets Mostly Firmer; China's Party Congress Meetings On Deck

World stock markets were mostly firmer overnight. Many world stock indexes are at or near record or multi-year highs. U.S. stock indexes are pointed toward slightly higher openings when the New York day session begins.

Gold prices are modestly up and poked to a three-week high overnight. The yellow metal bulls have the near-term technical advantage, which means the path of least resistance for prices will be sideways to higher in the near term.

China this week starts its twice-a-decade Party Congress meetings, in which major economic and cultural planning initiatives are laid out for the next five years.