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Global Markets

Global Market

World Markets Quieter On Last Trading Day Of Week, Month, Quarter

World stock markets were mostly firmer in quieter trading overnight. A lack of major news developments in the marketplace late this week is keeping equities subdued. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

Gold prices are firmer today on short covering in the futures market and bargain hunting in the cash market, following this week's selling pressure.

Friday is the last trading day of the month and of the quarter, which makes it an extra special day from a charting perspective.

Global Market

Global Equities Mostly Up On Ideas Of Better World Economic Growth

World stock markets were mostly firmer overnight, on hopes that a U.S. corporate tax-reform plan will boost economic growth not only in the U.S. but around the globe. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

Gold prices are slightly lower and hit a six-week low overnight. Better risk appetite in the marketplace this week, as well as a rallying U.S. dollar index, are bearish for the safe-haven metal.

World bond market yields are on the rise this week, on ideas that better world economic growth will prompt the major central banks to become less accommodative on their monetary policies.

Global Market

Global Stock Markets Lifted By Upbeat Yellen Speech

World stock markets were mostly firmer overnight. U.S. stock indexes are also pointed toward modestly higher openings when the New York day session begins. Federal Reserve Chair Janet Yellen delivered a speech Tuesday that sounded an arguably hawkish tone on U.S. monetary policy, and an upbeat tone on the U.S. economy. The world equity markets took this as a positive sign that a strengthening U.S. economy and rising inflation will help the other major industrialized countries' economic growth prospects, as well as reignite some wanted inflation.

Gold prices are lower in pre-U.S.-day-session trading Wednesday. The surging U.S. dollar this week is a bearish element for the precious metals markets, as well as other raw commodity markets.

The U.S. dollar bulls are on a roll this week, as the U.S. dollar index is higher and hit a five-week high overnight.

Global Market

Global Equity Markets Pull Back On Some Risk Aversion

World stock markets were mostly weaker overnight, as some risk aversion is back in the marketplace following Monday’s latest salvo from North Korea, in which the isolated nation said the U.S. had declared war on it. North Korea also said it had the right to shoot down U.S. warplanes outside of its air space. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

However, traders and investors are getting somewhat desensitized to the war of words between the U.S. and North Korea.

Gold prices s are moderately lower in pre-U.S.-day-session trading, on a corrective pullback from good gains posted Monday.

Global Market

Global Markets Mixed; German Elections Quickly Digested By Marketplace

World stock markets were mixed in overnight trading. The German elections held over the weekend saw Chancellor Angela Merkel secure a fourth term.

However, voters did make a shift to the right, which could make it more difficult for Merkel to form a coalition. The elections had little impact on world markets. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

Gold prices are trading near unchanged. Silver prices are also trading near steady. The firmer U.S. dollar index Monday is a daily bearish element working against the precious metals markets.