Tuesday, March 27–Jim Wyckoff’s Morning Markets Report
World stock markets were mostly higher overnight. U.S. stock indexes are again pointed toward higher openings when the New York day session begins.
Risk appetite is back in the marketplace this week amid early signs the U.S. and China will work out their trade disagreements. That’s bullish for world stock markets and bearish for safe-haven gold and silver markets.
In overnight news, China’s central bank pushed the value of its currency, the yuan, to a 2.5-year high against the U.S. dollar Tuesday. The move by China’s central bank could be an effort to assuage U.S. trade concerns. A stronger yuan makes importing China’s products more expensive.