Monday, March 5–Jim Wyckoff’s Morning Markets Report
World stock markets were mostly firmer overnight. U.S. stock indexes are pointed toward mixed openings when the New York day session begins.
Gold prices are seeing some safe-haven demand amid the threat of a global trade war after U.S. President Trump announced he was slapping import tariffs on steel and aluminum. Also, the Italian elections on Sunday that produced no clear winner threw fresh uncertainty into the marketplace. Italy is the European Union’s third-largest economy.
Elections in Germany over the weekend showed Chancellor Angela Merkel will likely win a fourth term.