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Global Markets

Global Market

World Equity Indexes Mostly Up; OPEC Meeting In Focus

World stock markets were mostly firmer in overnight trading, following the gains posted on Wall Street Friday. Focus early this week is on a two-day OPEC meeting. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Gold prices are weaker on some follow-through selling pressure from Friday's losses that came in the wake of an upbeat U.S. jobs report that favored U.S. monetary policy hawks who would rather see another Fed rate hike soon.

The U.S. dollar index rallied following the jobs report and closed at a bullish weekly high close Friday.

Global Market

World Stock Markets Mixed; Geopolitics In Focus

Global stock markets were mixed overnight. U.S. stock indexes are pointed toward firmer openings when the New York day session begins.

Gold prices are slightly lower in pre-U.S.-session trading after scoring a six-week high overnight. The gold bulls still have good upside near-term technical momentum, amid a steep price uptrend in place on the daily bar chart.

The weekend news that North Korea launched another ballistic test missile, which experts say could now reach well into the U.S. mainland, is not having a major impact on world markets.

Global Market

World Equity Markets Lower; U.S. GDP Report On Deck

Global stock markets were mostly weaker overnight. U.S. stock indexes are also pointed to lower openings when the New York day session begins. The near-term technical postures for the U.S. stock indexes are starting to deteriorate. Bearish weekly low closes on Friday would begin to suggest the indexes have put in near-term tops.

Gold prices are trading slightly lower in pre-U.S.-session action, on a mild corrective pullback from good gains Thursday that pushed the yellow metal to a six-week high.

The marketplace is awaiting the U.S. second-quarter advance gross domestic product (GDP) report, due out at 8:30 a.m. EDT Friday morning. Forecasts are calling for GDP growth of 2.7% in 2Q, year-on-year, versus the first-quarter reading of up 1.4%.

Global Market

World Stock Markets, Gold, Boosted By Dovish FOMC Statement Wed. PM

Global stock markets were mostly firmer overnight in the wake of a U.S. Federal Reserve meeting that produced a statement most of the markets deemed as leaning to the dovish side of U.S. monetary policy. Recent corporate earnings reports have also been mostly upbeat. U.S. stock indexes are pointed toward higher and record high openings when the New York day session begins.

Gold is posting solid gains Thursday in the wake of the dovish Fed statement that pushed the U.S. dollar index to a 13-month low. Reports overnight said India is moving to make "paper" gold (such as sovereign gold bonds) more attractive to its domestic investors, in order to reduce demand for actual gold bullion.

Traders and investors have mostly digested the Federal Reserve's Open Market Committee meeting (FOMC) that ended Wednesday afternoon.

Global Market

Markets On Hold Ahead Of FOMC Meeting Conclusion This P.M.

World stock markets were mostly firmer in subdued trading overnight, as the marketplace awaits today's FOMC meeting conclusion. U.S. stock indexes are slightly higher just ahead of the New York day session.

Gold prices are moderately lower today on more profit-taking from the shorter-term futures traders, after recent price gains.

Traders and investors are awaiting the conclusion of the Federal Reserve's Open Market Committee meeting (FOMC) that began Tuesday morning and ends early this afternoon with a statement.

Global Market

World Stock Markets Mixed, Quiet; FOMC Meeting In Spotlight

Global equity markets were steady to narrowly mixed in quieter overnight dealings. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. The U.S. indexes are at or near record highs with no early chart clues to suggest they are topping out.

Gold prices are moderately lower in pre-U.S. session trading, on some normal profit taking from recent gains that saw prices hit a four-week high on Monday.

Focus of the world marketplace is on the Federal Reserve's Open Market Committee meeting (FOMC) that begins Tuesday morning and ends early Wednesday afternoon with a statement.

Global Market

World Stock Markets Flat In Quiet, Summertime Trading

Global equity markets were steady to narrowly mixed overnight, in quieter dealings amid a lack of fresh, major fundamental news to drive the markets.A lazy, hazy summertime trading atmosphere has enveloped U.S. and European stock markets. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.

Gold prices are firmer and hit a three-week high overnight. Prices are in a two-week-old uptrend and bulls have momentum.

It appears the "take away" from this week's news events and markets' price action is growing notions the major central banks of the world are not in a big hurry at all to tighten their monetary policies