Global Markets Firmer As U.S. Political Storm Calms

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 mostly firmer overnight. The political drama in Washington, D.C., has died down a little bit, for now, which has allowed global stock markets to stabilize and focus more on recent upbeat economic data coming out of the U.S. and the European Union. U.S. stock indexes are heading toward firmer openings when the New York day session begins.

Gold prices are trading near steady in pre-U.S. day trading, as the anxiety levels among most traders and investors have receded the past 24 hours.

Maybe the world marketplace was somewhat assuaged by remarks from U.S. President Donald Trump to the press on Thursday. He said he had nothing to do with collusion with the Russians regarding the last U.S. presidential election, and did not ask the fired former FBI director to back off on his investigation of Trump’s former national security advisor.

The key outside markets on Friday morning find the U.S. dollar index lower again and continuing its downside trek after Thursday’s brief bounce. The dollar index is hovering near this week’s six-month low. Meantime, Nymex crude oil futures prices higher. Oil prices have trended solidly higher just recently, to suggest prices have put in a market bottom.

There is no major U.S. economic data due for release Friday. President Trump begins his first overseas trip as he heads for Israel, Saudi Arabia and Italy.

 

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 Markets Firmer As U.S. Political Storm Calms 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