Global Stock Markets Boosted By Risk-On Attitudes

This is a syndicated repost courtesy of Money Morning. 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 higher overnight as trader and investor risk appetite is on the upswing to start the business week. U.S. stock indexes are pointed toward higher openings when the New York day session begins.

Gold prices are lower in pre-U.S-session trading, amid the better risk appetite in the marketplace.

In the overnight news, the closely watched German Ifo business confidence index hit a record high of 115.1 in June from 114.6 in May. This news helped to lift European shares and support the risk-on mentality in the markets so far today.

The key “outside markets” on Monday morning see Nymex crude oil futures prices slightly higher on more tepid short covering after hitting a 14-month low last week. The oil market bears still have the solid overall near-term technical advantage as prices are trading below $44.00 a barrel. Meantime, the U.S. dollar index is firmer early today. The greenback bears still have the overall near-term technical advantage.

U.S. economic data due for release Monday includes durable goods orders, the Chicago Fed national activity index, and the Texas manufacturing outlook survey.

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 Boosted By Risk-On Attitudes appeared first on Money Morning – We Make Investing Profitable.

Wall Street Examiner Disclaimer:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am also 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 promotional consideration is paid 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