Global Stock Markets Mixed; Trump Tax Plan In Focus

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.

Share!Tweet about this on TwitterShare on FacebookShare on LinkedInEmail this to someonePrint this page

(Kitco News) – World stock markets were mixed overnight and pausing from recent gains. U.S.stock indexes are pointed toward slightly higher openings when the New York day session begins. The U.S. stock indexes are at or near record highs.

Gold prices are trading near steady as the bulls try to stop the bleeding from this week’s sell off amid the improved risk appetite among traders and investors.

The attention of the marketplace at mid-week is on the Trump Administration’s tax-reform plan, details of which could come as soon as today. Risk appetite in the world marketplace could be boosted again if it appears Trump’s pro-business tax plan will make it through the U.S. Congress.

The key outside markets on Wednesday morning see the U.S. dollar index trading higher on a corrective bounce from recent selling pressure that drove the index to a 5.5-month low on Tuesday. Meantime, Nymex crude oil prices are slightly lower and hovering near this week’s three-month low.

U.S. economic data due for release Wednesday is light and includes the weekly MBA mortgage applications survey and the weekly DOE liquid energy stocks report.

 

To get full access to all Money Morning content, click here

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

The post Global Stock Markets Mixed; Trump Tax Plan In Focus appeared first on Money Morning – We Make Investing Profitable.

Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

Leave a Reply