Global Marketplace Upbeat To Start Trading Week

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.
World stock markets were mostly higher overnight, amid generally optimistic trader and investor attitudes to start the trading week. The just-completed G-20 meeting in Germany did not produce any fireworks, and that is helping to keep buying interest in world equities keen. U. S. stock indexes are also pointed toward firmer openings when the New York day session begins.
Gold prices are weaker and hit a nearly four-month low overnight, on a lack of risk aversion in the marketplace at present. Gold prices are in a steep five-week-old downtrend on the daily bar chart and bears have the near-term technical advantage.

This post was published at Wall Street Examiner by Jim Wyckoff ‘ July 10, 2017.