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Global Markets

Global Market

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

By , Money Morning - • Print | Email

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

By , Money Morning - • Print | Email

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

By , Money Morning - • Print | Email

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.