Friday, April 27–Jim Wyckoff’s Morning Markets Report
World stock markets were mostly higher overnight. U.S. stock indexes are pointed toward mixed openings when the New York day session begins. Strong corporate earnings reports coming out of the U.S. late this week are helping the stock market bulls. A decline in government bond yields late this week is also a bullish development for equities.
In overnight news, a meeting between North Korean and South Korean officials, including North Korea’s Kim Jong Un and South Korean President Moon Jae-in made dramatic progress, with a peace treaty signed declaring the end of the Korean War that was fought 65 years ago. This shocking development has many wondering if Kim Jong Un is sincere.
The U.K.’s gross domestic product grew only 0.1% in the first quarter, which is the slowest growth rate for the country in five years.