Global Markets Firmer As U.S. Political Storm Calms

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(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.

This post was published at Wall Street Examiner on May 19, 2017.