Global Markets Near Steady; Big Data Week Lies Ahead

Jon Banking

This is a syndicated repost courtesy of Money Morning – We Make Investing Profitable. To view original, click here. Reposted with permission.
(Kitco News) – World stock markets were steady to narrowly mixed in overnight trading. U. S.
stock indexes are pointed toward near-steady openings when the New York day session begins. Major focal points of market watchers this week are the Federal Reserve’s FOMC minutes released on Wednesday afternoon and an OPEC meeting that begins Thursday.
Gold prices are slightly up Monday. The recent depreciation of the U. S. dollar has been bullish for the precious metals.
In overnight news, the Paris-based OECD think tank reported the world’s developed countries had slower economic growth in the first quarter of this year. However, the growth pace of these countries is expected to increase significantly in the second quarter.

This post was published at Wall Street Examiner by Jim Wyckoff ‘ May 22, 2017.