Global Stock Markets, Precious Metals, Lifted By Hopes For Increased Demand From China
World stock markets were mixed to firmer overnight, but selling pressure was limited by higher crude oil and precious metals prices, which in turn supported energy and mining stocks.
Asian stock markets and precious metals markets were supported by comments from China’s President Xi Jinping, who said his country will back a free trade area in the Asian region. That could mean more demand for raw commodities coming from China, the world’s second-largest economy.
U. S. stock indexes are pointed toward firmer openings when the New York day session begins.
This post was published at Examiner on November 21, 2016.