Monday, September 11–Jim Wyckoff’s Morning Markets Report
Global equity markets were mostly higher overnight. U.S. stock indexes are also pointed toward higher openings when the New York day session begins. The U.S. stock indexes are back near their recent record highs.
Traders and investors worldwide are somewhat assuaged by news that Hurricane Irma, while still devastating much of Florida, was not the catastrophic storm that many weather forecasters thought would occur. Also, North Korea did not launch another missile over the weekend. Saturday was a North Korean holiday and many thought the rogue nation would show its military might.
Gold prices are seeing selling pressure amid the better risk appetite in the world marketplace to start the trading week. The metal is also seeing some profit taking from recent good gains.