– World stock markets were mixed overnight. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins.
Gold prices are trading modestly higher in pre-U.S. session trading.
The feature in the marketplace early this week is a continuation of the recent rally in the crude oil market. Nymex crude oil futures prices are challenging $50 a barrel Monday morning. Reports said Saudi Arabia and Russia have agreed to extend the current OPEC-Russia oil-production-reduction accord by nine months. Nymex crude oil prices have rallied around $6.00 a barrel from the May low.
The world marketplace has not reacted much to weekend news that North Korea launched another ballistic missile and that a major cyber-attack that started late Friday has hit computers around the world.
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The other key outside market on Monday morning sees the U.S. dollar index trading lower. The greenback bears have the overall near-term technical advantage.
U.S. economic data due for release Monday includes the Empire State manufacturing survey, the NAHB housing market index and Treasury international capital data.
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