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Global Markets

The Calm Before The Storm; FOMC Meeting On Deck

(Kitco News) – Global stock markets were mostly firmer overnight. Corporate earnings reports are presently garnering attention of equities traders. Reports said the Volatility Index (VIX) has dropped to its lowest level in a decade early this week.

In technical jargon, this is called a collapse in volatility, which precedes bigger price moves forthcoming. In layman's terms it's called the calm before the storm. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.

Gold prices are slightly higher in pre-U.S. market trading.

Dow Jones

Dow Jones Futures: Index Faces Triple-Digit Decline as Trump Moves to Tax Reform

The Dow Jones futures are down 152 points ahead of the opening bell as investors try to make sense of last week's decision by Republicans not to hold a vote to replace Obamacare.

Investors are still hoping Trump's team is able to transition quickly to other policy priorities.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar...